On a membership in the Baltic Outsourcing Association


On 27 August 2007 the Board of Baltic Outsourcing Association (enterprise code
300622375) issued a resolution granting membership to City Service AB. Also on
27 August 2007 Baltic Outsourcing Association signed a contract, under which
the Association will render sales and marketing promotion services to City
Service AB. 

Baltic Outsourcing Association was founded in December 2006 and started its
activities in summer 2007. In July 2007 Baltic Outsourcing Association became a
member of British National Outsourcing Association (http://www.noa.co.uk) in
Corporate Suppliers branch. 

City Service AB controls the largest facility management company group in the
Baltic States. City Service Group consists of 20 companies operating in
Lithuania, Latvia, Ukraine and Russia. By the end of 2007 the City Service
Group is expected to serve 10.7 million square meters of facilities. 

The total consolidated City Service Group's revenue for the six months of 2007
was LTL 70 million, an increase by 85 % over the total revenue of LTL 38
million for the six months of 2006. EBITDA for the six months of 2007 was up by
90% and amounted to LTL 6.3 million. In the same period of 2006 EBITDA of the
Group amounted to LTL 3,3 million. 

Vilius Mackonis,
Public relations spokesperson
+370 655 511 01
GlobeNewswire