Bulgarian IT co to list on local bourse

Bulgarian IT co to list on local bourse

MediaSys Corp., a Stara Zagora-based company specialising in DVD mastering and replication, will list for secondary trading on the Bulgarian bourse an issue of 2 mln shares with a nominal value of 1 lev each.

The bourse listing will be the second by a local IT company after that of Specialised Business Systems.

MediaSys Corp., 97.5%-owned by Swiss-registered Tedo-Trade Action Development Organisation, posted sales of 10 mln levs in 2005, moving 15 mln DVD units.

The company owns an 85% share of the local market and also ships to the whole Balkan region, Britain, Germany and France, said executive director Enyo Enev.