Acquisition of high-value assets

Current report 64/2007 dated 29.10.2007

The ATM S.A. Management Board announced the acquisition of 36 shares of Impulsy Sp. z o.o. with its registered office in Warsaw.

The shares were sold by natural persons, i.e., current shareholders of Impulsy Sp. z o.o.

The shares were acquired for a total amount of PLN 2,304,000, and their total nominal value is PLN 72,000. The payment for the shares has been covered in cash, whereas the source of financing of the transaction were the Issuer’s own funds.

There have been no interrelations between Impulsy Sp. z o.o. and the Issuer, its managers or supervisors.

The criterion laying ground for regarding the acquired assets as significant, is the exceess of 20% of initial capital value of Impulsy Sp. z o.o.

The shares acquired by the Issuer are of a long-term capital deposit nature. The Issuer’s share in the share capital of Impulsy Sp. z o.o. after assuming the shares is 72 %, and the Issuer holds 72 % of votes in its General Meeting of Shareholders.

Impulsy Sp. z o.o. has been providing IT services related to health informatics in Poland for over ten years now. These included collaboration related to the sale and implementation of a number of solutions, such as IBM, Spin and ABG-Spin. Impulsy provides IT services for tens of hospitals and clinics nation-wide. It specializes in the implementation and maintenance of HIS systems (Hospital Information Systems), focusing especially on dedicated software for medical services and related consulting services. The company is well-known for its reliability and good problem-solving skills. Its extensive experience related to working with the medical services sector makes it recognize with ease the ever growing market needs and ways of their satisfaction.

It is forecasted that the company’s revenues will amount to PLN 3 million and its net profit will reach about PLN 0.5 million in 2007. The annual growth rate in the next years should reach at least a two-digit number, especially given the planned cooperation with other ATM Capital Group companies.

The acquisition of Impulsy is related to the creation of a comprehensive offer of ICT services for public and private health care units. ATM, together with its capital group, is planning to become one of the leading companies offering solutions for this market. ATM offering already includes a set of communications and systems integration solutions meeting the ever growing demand.


Roman Szwed — President of the Management Board,
Tadeusz Czichon — Vice-President of the Management Board