Qumak-Sekom gets much closer to bourse launch

The company submitted its issue prospectus to the Securities and Stock Exchange Commission last Thursday. "We are winning so many contracts that we are incapable of financing them solely through bank credits. We need working capital," revealed Qumak-Sekom president, Pawel Jagus. He went on to state that the company hopes to raise at least zl.25 million. The enterprise deals mainly with system security and developing business applications. At the moment the company has zl.110 million worth of contracts to be completed this year. This is a sum close to the company's total revenues last year. The plans for this year envisage a jump in sales and profits by 50% to zl.114 million and zl.3.18 million respectively. (Puls Biznesu, p. 11) A.K