OREANDA-NEWS. February 24, 2010. With the decision of the sole shareholder of JSC “EMAlliance” a new composition of the Board of Directors was selected.

New members of the Board of Directors are:

“Sputnik” Group Managing Director Betaneli Dmitri,

Managing Director of A.J.K. Bureau of Consultants Ltd. Karapatakis Andreas,

Ioannides Loizou & Company Auditing firm advisor Loizou Georgios,

General Director Adviser on strategic financing of JSC “EMAliance” Igor Parkhomenko,

Head of Legal and Tax Department of JSC “EMAlliance” Alexey Dubinchin,

Top Manager of Capital Management Department of A.J.K. Bureau of Consultants Ltd. Philippou Socrates withdrew membership of JSC “EMAlliance” Board of Directors.

Igor Parkhomenko is the Chairman of the Board of Directors of JSC “EMAlliance”

Commenting on the decision, Igor Parkhomenko stated that the involvement of such specialists as Betaneli Dmitri is required for the Board of Directors work efficiency improvement and creating a more free and up-to-date corporate governance system. "This is one more important step in implementation of capital formation strategy on the public market for widening and diversification of JSC “EMAlliance” business” – he noted.