PRESS RELEASE 27 February 2004, Torino

THE BOARD OF DIRECTORS APPROVES THE PROPOSED ANNUAL REPORT AS AT DECEMBER 31, 2003 - Sales at 95 million Euro - Positive EBITDA, with a growth exceeding 2.6 million Euro - Operating result: positive again at 0.6 million Euro - Net Financial Position at –22.3 million Euro, improving by 17 million Euro on 31/12/2002 - Fulfilled requisitions for admission to the new sector TechSTAR of Italian Stock Exchange

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