Press Release Archive

Rainer Grumann appointed General Manager Sales Division of INTRACOM TELECOM

Athens, September 19, 2007 - INTRACOM TELECOM, a part of SITRONICS Telecom Solutions business division, announced today that Mr. Rainer Grumann, Vice-President Global Sales of SITRONICS TS, along with his current position, has been appointed General Manager Sales Division of INTRACOM TELECOM, in Greece.

Mr. Rainer Grumann joined SITRONICS Telecom Solutions Czech Republic a.s. as Executive Vice President Sales & Marketing in June 2006. From 1997 - 2006, he held various managerial positions in a well-known German telecommunication company in Germany and abroad. Before, he served as an officer in the German Air Force for 10 years. Mr. Grumann graduated from Munich University of the German Armed Forces in 1992 with a Master's Degree in Electrical Engineering and also holds a Master's Degree in Business-to-Business Marketing from Freie Universitat Berlin.

Mr. A. Manos, Managing Director of INTRACOM TELECOM, said: "Mr. Grumann's assignment comes as a continuation of the integration of INTRACOM TELECOM into SITRONICS Telecom Solutions, and the creation of a unified Sales Force that will promote STS's product portfolio to our target market. I expect that Mr. Grumann's international experience and skills will continue contributing the maximum in the pursuit of this goal".

About INTRACOM TELECOM

INTRACOM TELECOM is a leading developer and producer of telecommunication systems as well as supplier of integrated solutions and professional services to fixed and mobile operators in the EEMEA region. Over 100 customers in more than 50 countries choose INTRACOM TELECOM for its state-of-the-art products and solutions. INTRACOM TELECOM has 2,700 employees, operates subsidiaries in 12 countries and is amongst the largest European companies leading in R&D investments. Since June 2006, INTRACOM TELECOM is controlled by JSC SITRONICS (Russia) with 51%. JSC SITRONICS is the technology subsidiary of JSFC SISTEMA, a leading diversified holding company in Russia and the CIS. INTRACOM HOLDINGS Group (Greece) retains a 49% stake