RB nr 10/2005

Legal basis: § 5 subpar.1 pt. 1 RO and § 7 RO

The Management Board of MCI Management S.A. informs that on March 3, 2005 it concluded an agreement of purchase of 567 shares of Clix Software Sp. z o.o. from its dependant company Process4E SA (MCI holds 66.66% stake of that company). The purchased shares in total account for 56.70% of the share capital of Clix Software Sp. z o.o. The shares were bought by MCI Management S.A. for the amount of 0.67 PLN. The purchase price does not reflect the market value of the company – it is justified by the Letter of Intent signed with Process4E SA – potential strategic investor.

Soon the company will receive additional capital in the amount of 650 thousand PLN, in which MCI Management S.A. will participate. Ultimately the level of investment of MCI Management S.A. in Clix Software Sp. z o.o. shall reach 263 thousand PLN and give the 40% stake in the company. The funds from the investment will be used mainly for the development of the company, its market expansion, promotion of its products, covering the liabilities connected with the purchase of CRM software license.

MCI Management S.A. is beginning an investment in the company in its initial growth stage – incubation and start of this project were carried out successfully by Process4E SA in 2004. Clix Software Sp. z o.o. started its operations in September 2004 launching the product called “OKAY CRM”. Already in the first quarter of its operations it won about 15% of the market share in respect of the number of sold licenses for this type of systems in Poland. Clix Software Sp. z o.o. is planning to reach profitability in 2006 – in its second whole year in business.

The core business of Clix Software Sp. z o.o. is the development and sale of CRM software (Customer Relationship Management) to small and medium-sized enterprises. The first product in the firm””s offer is “box CRM” called “OKAY CRM”. It is a totally user-friendly tool used in managing the contacts with customers. Its advantages include a low purchase price; installation and configuration do not require costly implementation services. Despite being addressed to the MSP sector, the product has a very broad functionality. In the opinion of the company OKAY CRM helps to save on average ź time of the marketing and sales department employees and in a small company the investment in OKAY CRM will pay for itself in 1-2 months.

The purchased assets account for over 20% of Clix Software Sp. z o.o. share capital and they are considered to be assets of significant value.