PRESS RELEASE 14 May 2004, Torino

SIGNIFICANT IMPROVEMENT OF THE ACCOUNTS AS AT MARCH 31ST, 2004 - Consolidated sales at 21.8 million euro, slightly grown in respect of same period of previous year, though the dollar depreciation - Result before taxes: positive again (21 thousand euro as against a loss of 796 thousand euro at March 31, 2003) - Further improvement (more than 3.5 million euro) for the Company net financial position - A clear increase (+45%) for the period in orders acquisition