OREANDA-NEWS. October 08, 2010. JSC SITRONICS (“SITRONICS” or “The Company”) (LSE: SITR), a leading provider of telecommunications, IT and microelectronic solutions in Russia and the CIS, with a growing presence in other EEMEA emerging markets, announced that the Board of Directors approved the reelection of Sergey Aslanian as the Company's President for a three year period. Mr. Aslanian was appointed as President of JSC SITRONICS in October 2007.

Sergey Boyev, Vice-President of JSFC Sistema, Chairman of the Board of Directors of JSC SITRONICS, comments: "Sergey Aslanian demonstrated himself as a professional manager over the entire period of his work in JSFC Sistema Group of companies. Under Sergey's supervision SITRONICS not only got through the period of overall market recession by means of business structure and cost optimization but managed to develop and consolidate its position in new challenging segments".

"I am grateful for the credence given on the part of the shareholders and the Board of Directors. On my part I confirm that we will continue to take the further steps to strengthen the public private partnership and to develop innovative products and solutions for the key industries. We are sure that our strategy will help us to consolidate the leading positions on the key markets and to significantly increase the business volume", - said President of JSC SITRONICS Sergey Aslanian.

Curriculum vitae: Sergey Aslanian was born in 1973. He graduated from the Lomonosov MSU in 1996. Sergey Aslanian served as a consultation department manager at PricewaterhouseCoopers (Coopers & Lybrand — until 1999) from 1997 through 2001. He worked for TNK BP Management OJSC (before — Tyumen Oil Company OJSC) as the Deputy Head of the Information Technology unit from 2001 through 2003. Sergey Aslanian was appointed Vice-President for Information Technology of MTS OJSC in December 2003, and starting in July 2006 he serviced as Vice-President for Engineering and Information Technology at MTS OJSC. Sergey Aslanian has been President of JSC SITRONICS since October 2007.