AREMIS SOFTWARE AGAIN AT NASDAQ

Business | May 19, 2001, Saturday // 00:00

AremisSoft stocks are back at Nasdaq (AREM) after the management decided to stop the trade for one day. `AremisSoft is among the biggest software companies in the world and the stock changes are a common thing that can happen to every company`, Vassil Kolev, Executive Director of the Bulgarian branch of the company, said. 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 annexes for another USD 32 M for the next two stages of the project. 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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