Ariel Way, Inc. (fka AWYI)

[669]

I am very pleased with our acquisition of Syrei. It is a company with an energetic and active management team based out of Stockholm, Sweden, with its CEO Thomas Strangert. He has a great team of highly skilled technical experts and they have for more than ten years successfully been providing and will continue to provide services worldwide to major corporations and telecom operators. They will also add global expertise to our strategy of building a state-of-the-art highly secure Digital Signage Network. Their primary focus will be on markets in Europe and Asia.

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%.

This is what I see...