It is announced that Mr Georgiuo, Board member of the company and Managing Director of Logimetrics Limited (“Logimetrics”) undertakes the duties of the manager to the Distribution Center as from January 1, 2004. The employment of Mr Georgiou will last for 4 years with the right of termination after the relevant notification from both parties. Is has been agreed that Logimetrics will cease to exercise any operations as from January 1, 2004 and the management of all the operations regarding distribution and maintenance of software applications carried out by Mr Georgiou and Logimetrics, will be undertaken by the company against the agreed reward.
Logicom: Mr Georgiou manager of the distribution center of Logimetrics
30/12/2003