Ster-Projekt will take over Telmax by the end of 2004

During the next phase of the acquisition, which is to last until the end of this year, it will offer the owners of Telmax its own shares and will take over total control of the company. Telmax specializes in servicing companies from the public utilities sector. Having its own customer base and unique products, such as customized billing systems, it has become a lucrative potential acquisition for companies from the IT sector. Thanks to this investment, Ster-Projekt will enter a completely new field of operations. "We have prepared a good offer, we have common shareholders and we plan to grant the current owners of Telmax independence in the future running of the business," said Piotr Smólski, Ster-Projekt President. The investor is currently investigating the company from Bydgoszcz and is in the process of preparing required documents. "We want to support Telmax in competition with the ComputerLand group in winning new contracts as soon as possible," added Smólski. (Puls Biznesu, p. 1) A.K.