Looks like awyi is on track with the plan. More than anything todays PR validates Arne's integrity. Todays news is what we expected, I think a little better. So far Arne has delivered. Does anyone remember this paragraph in the last PR.
Our subsidiary Syrei's customers include well-known corporations and telecom operators like Ericsson, Nokia, 3GIS, ABB, Orange, SonyEricsson, Swedbank, Tele2, TeliaSonera, TIM etc. The revenue for Syrei for 2008 is conservatively forecasted to be over $7 million with an EBITDA of about 10%. However, with new opportunities, our target would be to increase with over 50%.
It should be interesting to see how Arne and his Syrei team expand future acquisitions as they go forward.
