1. PayphoneNet Ltd Telecommunications 7 Amiklon Str., K. Sichaina, 26 443, Patras, Greece Tel: +30 2610 422169, Fax: +30 2610 433045 E-mail: info@payphonenet.gr Click to visit our web site: www.payphonenet.gr

2. 2 PayphoneNet Ltd - Telecommunications Company Profile PayphoneNet was founded in 1991 and began its operation aiming at the creation of a new telecommunications company with one exclusive and unique intention; the specialization in the field of public applications, with the aspiration to constitute the most important and bigger supplier of relative products and services in Greece. Since then, PayphoneNet maintains more than 13 years within the realm of public telecommunications networks and is certain to dispose of a thorough knowledge of this particular sector, from where it draws also its big experience. The precious expertise of this continuous presence of PayphoneNet, its know-how but also its competitive products and services in this particular sector, consolidated the company as the leading in Greece in the region of public telephone systems, providing completed solutions for the exploitation of telephone lines. Company Profile

3. 3 PayphoneNet Ltd - Telecommunications HISTORY (1) 1991 : The company is established under the trade name Payphone Goudevenos Ltd Payphone Goudevenos Ltd is the first company that imported Coin Payphones in the Greek Market. The 1 st Payphone was imported form England (Europayphone model) 1991 : The company is established under the trade name Payphone Goudevenos Ltd Payphone Goudevenos Ltd is the first company that imported Coin Payphones in the Greek Market. The 1 st Payphone was imported form England (Europayphone model) Company Profile 1996 : Payphone Goudevenos Ltd is consolidated as on the main players in the Greek Public Telecommunications Market The sales of the company have already reached 2500 coin payphones. Meanwhile the company opens its co-operation to Asian Telecom market 1996 : Payphone Goudevenos Ltd is consolidated as on the main players in the Greek Public Telecommunications Market The sales of the company have already reached 2500 coin payphones. Meanwhile the company opens its co-operation to Asian Telecom market 2001 : The map of Greek Telecommunications Market changes. The lifelong monopoly of National Telecom Provider (OTE) is broken and the Greek Market becomes more competitive than ever. Alternative Providers are now ready to enter the telecom market. Payphone Goudevenos Ltd product targets change as the possible customers are more than ever 2001 : The map of Greek Telecommunications Market changes. The lifelong monopoly of National Telecom Provider (OTE) is broken and the Greek Market becomes more competitive than ever. Alternative Providers are now ready to enter the telecom market. Payphone Goudevenos Ltd product targets change as the possible customers are more than ever

4. 4 PayphoneNet Ltd - Telecommunications HISTORY (2) Company Profile 2002 : European Union market opens its gates to Greek Economy and the Greek current changes from Drachmas to Euro. The company has already sold almost 7500 coin payphones. In a timeframe of 1,5 year 7500 more Euro Ready coin payphones are sold in the market by Payphone Goudevenos Ltd. 2002 : European Union market opens its gates to Greek Economy and the Greek current changes from Drachmas to Euro. The company has already sold almost 7500 coin payphones. In a timeframe of 1,5 year 7500 more Euro Ready coin payphones are sold in the market by Payphone Goudevenos Ltd. 2002 : The company architecture changes in order to meet the needing of competitiveness. Payphone Goudevenos Ltd is re named PayphoneNet Ltd and the company is shared. 2002 : The company architecture changes in order to meet the needing of competitiveness. Payphone Goudevenos Ltd is re named PayphoneNet Ltd and the company is shared. 2002 : PayphoneNet proceeds in the manufacturing of TD - 03H, which is an LCR and Pulse Generator device. PTD-03 H is an ideal terminal equipment for Alternative providers. 2002 : PayphoneNet proceeds in the manufacturing of TD - 03H, which is an LCR and Pulse Generator device. PTD-03 H is an ideal terminal equipment for Alternative providers. 2003 : PayphoneNet becomes authorized dealer of the biggest Alternative Telecom Providers. Meanwhile PayphoneNet becomes the main supplier of LCR`s for the above companies. 2003 : PayphoneNet becomes authorized dealer of the biggest Alternative Telecom Providers. Meanwhile PayphoneNet becomes the main supplier of LCR`s for the above companies.

5. 5 PayphoneNet Ltd - Telecommunications OUR PHILOSOPHY Company Profile PayphoneNets philosophy is clear and evident. Excellence of product and technical support quality Excellence of product and technical support quality Use of cost effective advanced technology Use of cost effective advanced technology Adoption of best employment practices Adoption of best employment practices Establishing long-term relations with our suppliers, associates and customers Establishing long-term relations with our suppliers, associates and customers Total customer orientation philosophy Total customer orientation philosophy

6. 6 PayphoneNet Ltd - Telecommunications OBJECTIVES & STRATEGY Company Profile PayphoneNet has evident strategic planning, which dictates the offer of completed products and services, the use of technologies of new generation for safe and reliable products and services and the constant satisfaction of its customers. What are the objectives of PayphoneNet ? - Maximize the indicator of satisfaction of the customer. - Advance in the continuous improvement and growth of products and services and to create new, innovative products and services as they are dictated by the needs of its customers. - Ensure the continuous and constant development and growth of the company.

7. 7 PayphoneNet Ltd - Telecommunications OUR VISION Company Profile The vision of PayphoneNet is to remain one of the leading companies that provide completed product and services of public use of telephony in Greek Market. PayphoneNet aims at developing and growing continuously by creating new products and solutions for Telecommunication Carriers and end user customers in order to become the 1 st player in Greek Telecom Terminal Equipment Market in the next 5 years. PayphoneNet `s main target is to build and contract co-operations with other Telecom Companies, from Greece or abroad, in order to reach and fulfill all possible market needs.

8. 8 PayphoneNet Ltd - Telecommunications COMPANY STRUCTURE Company Profile Dimitris Goudevenos Executive Managing Director Thanos Abatzis Legal & Regulatory Affairs Director Christos Kolokouris Indirect Sales Director Spiros Goudevenos Sales & Marketing Director Maria Ioannidou Logistics Director Harry Kaklamanos Product Development Supervisor Christos Xypolias Technical Support Director

9. 9 PayphoneNet Ltd - Telecommunications OUR LOCATION Company Profile PayphoneNet is located in Patras, Greece and it is 10 minutes away from the Patras University and the Polytechnic School of Patras, which is the 2 nd biggest Polytechnic School in Greece. Patras is 2oo km away from Athens and it is the biggest trade gate of Greece to Italy and the rest Western Europe.

10. 10 PayphoneNet Ltd - Telecommunications OUR ASSOCIATES Company Profile - Athens ILKA SA - Rhode Island Sifakis George Ltd Attavirou 11 - Crete - Corfu - Salonika

11. 11 PayphoneNet Ltd – Telecommunications 7 Amiklon Str., 26 443, Κ. Sichaina, Patras, Greece Tel.: +30 2610 433045, Fax: +30 2610 433045 e-mail : info@payphonenet.gr Company Profile PayphoneNet Ltd - Telecommunications PayphoneNet Ltd Telecommunications Click to visit our web site: www.payphonenet.gr