Eltoma Launches Web Solution Subsidiaries

FOR IMMEDIATE RELEASE

Contact:
Rimma Borovik
Eastern Europe Business Development Director
rimma.borovik@eltoma.com

LIMASSOL, Cyprus, October 12, 2004 – Eltoma Holdings Limited today announced the launch of two significant new subsidiaries – Eltoma Web Hosting Services and Eltoma Web Design Services - dedicated to the provision of a prestigious portfolio of Web-based services.

Eltoma Web Hosting Services offers exceptionally affordable hosting services for personal and small-to-medium size business web sites. Eltoma not only provides disk space, email accounts, free domain names, and all other basic web hosting features, but also incorporates state-of-art web based tools to ensure elegant and impressive web site design, and effective and efficient web site maintenance.

Eltoma Web Design Services is a unique web site design company dedicated to exceptional web design services, at affordable prices, backed by unparalleled customer contact and support. Eltoma’s professional web designers work directly and closely with each client, from project inception to completion, to ensure a finished product that exactly meets the individual customer’s expectations.

“We are very pleased to launch the two new business ventures, which provide superior end-to-end Web solutions for an extensive cross-section of individual and corporate customers,” said Eltoma Executive Director Dmitri Koutcheriouk. “Eltoma provides a one-stop shop for all Web-related needs.”

Eltoma Holdings Limited, dedicated to the provision of superior high-tech services, is a newly established organization offering a broad array of professional services. Eltoma concentrates on providing a complete portfolio of solutions for individuals and businesses that lack the in-house expertise required for professional results.

Headquartered in Cyprus, the company is strategically located to serve its primary target client base across Europe and the Middle East.