RNS Number:9826K
ASBISc Enterprises PLC
25 October 2006

Embargoed for 7.00 hrs 25 October 2006



   This document is not a prospectus. Investors should not subscribe for any
  transferable securities referred to in this document except on the basis of
       information in the admission document to be issued in due course.



THIS DOCUMENT MAY NOT BE DISTRIBUTED IN OR INTO THE UNITED STATES, CANADA, JAPAN
OR AUSTRALIA OR TO US PERSONS OR TO RESIDENTS, NATIONALS OR CITIZENS OF CANADA,
                              JAPAN OR AUSTRALIA.



                             ASBISc Enterprises Plc

   ASBISc Enterprises Plc ("ASBIS" or the "Group"), a leading distributor of
   computer components in high growth emerging markets in Central and Eastern
                 Europe and the Former Soviet Union, joins AIM


ASBIS is pleased to announce the first day of trading of its shares on the AIM
market of the London Stock Exchange, under the ticker ASB.L.



As previously announced, this AIM listing is intended to provide access to
capital for future acquisitions, to further develop the business through the
Group's own brands, to incentivise employees by the grant of options and to
raise its profile.



Seymour Pierce Limited is acting as nominated adviser and broker for the Company
in connection with the AIM admission.



Siarhei Kostevitch, Chief Executive of ASBIS, said:

"Our listing on AIM is an important positive step for the Company, in line with
our strategy of further developing our core distribution business alongside our
own brand and white label products.  We look forward to life as a listed company
and to capitalising on the opportunities we see for the business."


Enquiries:
ASBIS                                                Tel: via Financial Dynamics
Siarhei Kostevitch, Chief Executive Officer
Marios Christou, Chief Financial Officer
Constantinos Tziamalis, Investor Relations

Seymour Pierce Ltd
David Newton                                         Tel: +44 (0) 20 7107 8000

Financial Dynamics                                   Tel: +44 (0) 20 7269 7280
Richard Mountain
Harriet Keen










Notes to Editors



ASBIS is based in Cyprus and specialises in the distribution of IT components,
Blocks and Peripherals and a growing range of own brand IT and digital
equipment.  Established in 1995, its operations extend to Central and Eastern
Europe, the Baltic States, the former Soviet Union, the Middle East and North
Africa.



In addition to distributing products from IT industry manufacturers, the Group
has also developed, and is selling, products via two own brands, Prestigio,
which supplies laptops, LCD TVs and monitors, digital media centres, storage
devices and subsystems and Canyon which primarily targets retail chains with IT
and consumer electronic peripherals and accessories such as networking products,
MP3 players, speakers and other products.  The Group also offers White Label
products to enable its biggest local customers to create their own brand with
generic and exclusive designs.



Gartner estimates the size of the Eastern European and former Soviet Union
market, measured in amounts spent by end customers, was US$11.4 billion in 2005
and it is estimated to rise by 14% to US$13 billion by 2007.  IT market growth
in the marketplace where the Group operates is estimated by Gartner to be around
7-15 per cent. for the next 3 years, whereas Gartner forecast that growth in
Western Europe is expected to be flat or possibly even slightly negative.  PC
penetration in most of the markets in which the Group trades is much lower than
the Western markets, thus providing ongoing potential for growth.




                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

MSCILFSDIRLSFIR
Asbisc (LSE:ASB)
Historical Stock Chart
From Apr 2024 to May 2024 Click Here for more Asbisc Charts.
Asbisc (LSE:ASB)
Historical Stock Chart
From May 2023 to May 2024 Click Here for more Asbisc Charts.