PROFILO-TELRA

PROFILO-TELRA

August 19, 2005 10:59 ET

Europe's No. 3 TV Manufacturer, a Private Company: PROFILO-TELRA

ISTANBUL, Turkey--(CCNMatthews - Aug 19, 2005) -

Located in Turkey, It forms part of the Profilo Group of Companies, a prominent Private Holding with interests in Electronics, Telecom, Trading, Construction, Real Estate, Distribution, Ship building and Tourism.

Established in 1970, the Company started to manufacture TV in 1980. It has been the first ever outsourcing partner of Sony. It also partnered with Matsushita, and in 1990, the Company made a Production & Sales Agreement with Thomson (shareholder of Profilo-Telra at one point in time). With 3 million TVs produced and sold in 2004, Profilo-Telra with 2100 skilled employees enjoys costs, quality, flexibility and production efficiencies associated with high volumes.

Profilo-Telra has a state-of-the-art factory with TV production capacity extended to 5 million units in 2004. Additional capacity for a few millions electronic sets is utilized for other Audio - Video products. Equipment consists of 65 insertion machines, 36 plastic injection machines, and 22 assembly lines (4.5 million LCD and CRT TV, 500 thousand Plasma and DLP TV).

Products currently manufactured range from 14 to 50" LCD Plasma DLP and CRT TVs, including DVD+RW Combi's, and Digital TVs. The Company has extensive alliances with world class technology providers and leading chip manufacturers.

The Company sells its products on the European market through own subsidiaries and representatives in Germany, the UK, France, Poland, and Turkey, and through a network of dedicated distributors in other countries. Most TVs are sold under Distributors' specific Brands or Retailers' Private Labels, as well as renown CE Brands

In Turkey, the Company enjoys 23% market share and sells its products under own and franchised brands through 5 000 stores.

After Sales Service is taken care of by the different subsidiaries and distributors under the coordination from Pesas, the Company's own European service organization.

Profilo-Telra Revenues reached US$ 570 million in 2004, a growth superior to 50% over 2003. Confident in its growth prospects, Profilo Telra has acquired the capacity to grow its market share from 8-9% to 13-15% within 2 years. In 2007, turnover is expected to surpass the 1 billion USD mark.

Profilo Holding and its Associates hold a majority stake in EKRANAS, Europe's number one Glass & Tube manufacturer for Small and Medium sizes, and a listed Company.

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