ELKO Grupa JSC, a leading IT product wholesaler in Eastern Europe continues to pursue cooperation with the navigation device manufacturers "TomTom", becoming the official distributor of "TomTom" products to the Russian market. This year ELKO Grupa JSC joined the official "TomTom" German branch distribution network and became the first official local "TomTom" distributor for the Baltics. This Cooperation has been successful and has significantly expanded its inception in Latvia making available to vendors the "TomTom" product range. Following the successful cooperation in the Baltics, "TomTom" has assigned ELKO Grupa JSC the distribution rights to the Russian market. ELKO Grupa JSC will offer to the Russian markets a full range of "TomTom" navigation devices and products, which include the high-end series "TomTom GO x30", Editorial Designs "TomTom GO 930 and TomTom GO 730". Secondary-market models include the "TomTom XL and the original level of navigation devices, "TomTom GO". All the latest "TomTom" navigation devices are equipped with MapShare technology that allows users to correct the same device in real time on the card to include the latest information, thus making the "TomTom" navigation solutions even more convenient and more accurate. TomTom "TomTom" is the leading global navigation system, as designer and manufacturer, with a 50% market share in Europe and 25% market share in the U.S. The Company's products are based on the Global Positioning System or GPS. ELKO Grupa ELKO Grupa JSC was established in 1993. ELKO Grupa is Latvia's largest enterprise, with a turnover last year exceeding 1 billion US Dollars. The company's main activity is the wholesale of computer equipment and electronics in the Baltics, Central Europe and the CIS. The company represents about 70 manufacturers and sells the goods to more than 6 300 retailers, local computer hardware manufacturers and system integrators. The ELKO Grupa offers more than 7 000 product items from the world's famous suppliers - "Acer", "Intel", "Seagate", "Samsung", "Sony", and "Western Digital". At the moment, the company employs 330 people. ELKO Grupa JSC is owned by several private persons, as well as by IT Investīcijas JSC, investment fund "Amber Trust", and investment funds related to "East Capital Asset Management". Further information: Kristine Saulriete ELKO Grupa JSC Director of Marketing and Communications Telephone: + 371 6709 3214 Fax: + 371 6709 3299 E-mail: kristine_saulriete@elkogroup.com http://www.elkogroup.com