As of August 1 2006 Mr. D. Chatzikokinos is elected as the B' Vice President of the company's Board of Directors. His responsibilities will be determined by the BoD at a later meeting. Mr. Chatzikokinos is a well known person in the Greek business world. For the past four years he was the General Manager of Lamrakis Press Group and before that, for eleven consecutive years, he was the General Manager of the Fillipou Group of Companies. In addition to the above he has served as an executive or BoD member in a number of well known companies operating in the Commercial, Food, Industrial and Pharmaceutical sectors. Mr. Th. Charamis, the former General Manager, is no longer with the Company and based on the new management structure of the Company he will not be replaced.