Logismos INFORMATION SYSTEMS S.A.

Immediate and smooth support, through the Enterprise Resource Planning System Momentum ERP, of the recent VAT changes effective April 1, 2005.

Logismos Information Systems S.A.. announces the immediate and smooth support, through the Enterprise Resource Planning System Momentum ERP, of the recent VAT changes effective April 1, 2005.

The architecture and the sound initial design for the Momentum ERP allowed the customers of Logismos to immediately implement the new VAT policy from 00.01 hrs of April 1, 2005 and carry on their usual business without any problem and/or risk of penalties due to delayed compliance.

The Enterprise Resource Planning system Momentum ERP is the main software product of Logismos, already installed and operating in more than 200 enterprises with more than 2.300 users.