SAFIRA 2.0

Once more, it is my pleasure to report, on behalf of the Management board, on SAFIRA’s quarterly results for the fiscal second quarter of 2009, ended in July 30, 2009.

SAFIRA’s second quarter came out in line with the guidance for the year, at 2.75 Million EUR in revenue. This represents an 8% growth in total revenue, regarding the same period of the prior year, and a 10% in services revenue. EBITDA in this period continued the previous steady growing trend as well.

In general terms, the semester turned out according to expectations, in spite of the present volatility of market conditions. While we are not immune to the effects of the economy, we are confident that the strength of our current solutions portfolio, and soundness of our approach, will place us pass the 6 Million mark in the end of 2009.

The board would like to thank the whole SAFIRA team that is turning 2009 into one of the best years for this company.

Thank you all.