Tigar reports sales up in 2010

ERJ staff report (DS)

Pirot, Serbia -- President of Tigar AD Dragan Nikolic told shareholders that sales at the company in 2010 were up by 28 percent over 2009, and the rowth has continued at the same rate in the first six moinths of 2011.

Nikolic said the Serbian government is determining if Tigar can issue new shares toraise capaital to launch new products. Nikolic said Tigar already has a product range developed and kows the markets exist, but needs investment to build capacity.

Nikolic said the company has undergone major changes in ownership. Tigar no longer owns a controlling stake in its own activities.

This is an external link and should open in a new window. If the window does not appear, please check your pop-up blocking software. ERJ is not responsible for the content of external sites.

Press release from Tigar (Serbian language)

Above Press releaseauto-translated into English from Serbian