AREMISSOFT REAFFIRMS BULGARIAN CONTRACT

Business | May 18, 2001, Friday // 00:00

The US AremisSoft, a leading software supplier listed at Nasdaq (AREM), USD 525 M market capitalization, reaffirmed today its Bulgarian contract with the National health Insurance Fund. The contract was signed back in December 1999 for IT solutions at the amount of slightly more than USD 4 M with two anexes for another USD 32 M for the next two stages of the project. `We stay firmly on our obligations and can assure that the solutions we provide for the Healthcare Fund are the best ever done in this part of Europe`, Vassil Kolev, AremisSoft Bulgarian manager said. AremisSoft employs approximately 1 300 IT specialists, has offices in 20 countries and a portfolio of about 8 000 customers worldwide.

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