PCWEEK, March 5, 2003

RBC's revenue went up 62% to $27 million in 2002 against 2001, net income gained 51%, which is substantially more than projected by equity analysts. Revenues from IT services were up 82% to $12.97 million, including $7.97 million (+104%) from General Programming, $3 million (+93%) from Offshore Programming and $2 million (+21%) from System Integration. RBC's revenues from IT services outpaced the overall growth of the Russian IT market, which reached 17 to 30% according to various assessments.

RBC was named among the top 100 fastest-growing technology companies on the Deloitte Touche Tohmatsu ranking of the European Technology Fast 500.

Last year, RBC became a public company after conducting the first Russian IPO and placing 16% of its stock simultaneously on RTS and MICEX, thus, raising $13 million in IPO proceeds.

A.L.