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U.S.NewsWire Press Release, October 6, 2004

Information and Russia's Future; Russia's Rapidly Growing IT and Communications Industry

Leonid Reiman, minister of Information Technology and Communications of the Russian Federation, will deliver a talk entitled "Information and Russia's Future" at the National Press Club in Washington, D.C. on Thursday, Oct. 7, 2004 from 9:30 to 10:30 a.m.

Just fifteen years ago, Russia's IT and communications sphere was limited in its use to the military only. In recent years, it has not only caught up with, but is likely to surpass Europe in sales and technology. This rapid development has helped Russia to both integrate and compete with the rest of the world.

In addition to the rapid spread of a communications infrastructure throughout Russia, the software market is emerging and becoming a strong competitor in the international arena. The country's distinguished reputation in math and science has produced human resources that foreign companies have recognized and are tapping into, inevitably leading to the spread of offshore programming.

The Russian IT and communications industry has surpassed local economic and technological challenges and adapted to global ones. The future of the industry is a bright one, as it continues to live up to the highest international standards.

About Minister Reiman -- Minister Reiman has over twenty years in the telecommunications sector. Educated as an engineer, he worked in a prominent St. Petersburg telephone network where he was the head of development for over a decade. In 1999, he became the Minister for Telecommunications and Informitization and was appointed Minister of IT and Communications in 2004.

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