"We have developed such a concept that we believe possesses the value of international expansion", said Gunnar Kobin, Chairman of the Board of Ülemiste City. "We are introducing the concept of our innovative business park to the people who could give us support for international development, primarily in the countries of the former communist block in Eastern Europe," added Kobin.

"Due to his long-term political experience, President Arnold Rüütel has good contacts namely with government leaders and presidents in Eastern Europe and the CIS, which is why his advice is invaluable to us.  Mister Rüütel considers the activities of Ülemiste City and its concept to be very promising and he promised to help when necessary with establishing new contacts first and foremost in Ukraine, as well as in other former Soviet Union republics," concluded Kobin.

AS Ülemiste City is the Smart Business City that is being established near the Tallinn Airport. There will be several hundred square metres of office space and high-tech factories in the business park. The software development company Webmedia and Mainor Business School moved to Ülemiste City in the autumn of 2006. The ML Arvutid factory construction was completed in the autumn of 2007 and soon the restaurant street in the heart of the business park will welcome its first customers. In January of 2008, the IT company AS Helmes will move to Ülemiste City and the building of the largest Baltic IT company, Microlink, will be completed in spring of the same year. Many pharmaceutical companies and representatives of other fields of business have also announced their plans to move into the Ülemiste City business park.

For further information please contact:

Gunnar Kobin, Chairman of the Board, AS Ülemiste City

Telephone: +372 51 88 111; e-mail: gunnar@ulemistecity.ee

(from left to right) Gunnar Kobin, Chairman of the Board of Ülemiste City AS; President Arnold Rüütel; Ülo Pärnits, Chairman of the Supervisory Board of Ülemiste City AS