In 2007, the majority of new logistics software projects in Greece, Cyprus, Romania, Bulgaria and Turkey, were once again awarded to Mantis, thus further establishing its leading position in these countries. "Improve competitiveness through supply chain optimization" was Mantis’ message to all companies in the region, through its active participation in a number of local logistics conferences and exhibitions.

Mantis was also very successful in the dynamically expanding markets of Russia, Ukraine and Kazakstan. In 2007, ANT, Mantis’ partner in Russia/CIS, acquired the largest market share of all new logistics software projects. This spectacular achievement in addition to its stellar performance during the last couple of years is gradually establishing the company as the undisputed leader in the region. The 1st Russian SCM FORUM, organized by ANT & Mantis in Moscow last November, was a great success that further contributed in increasing awareness of the importance of modern logistics solutions in the region.

Finally, Mantis actively introduced its logistics solutions in Serbia and Poland. A new sales office was established in Poland reflecting the great potential of the Polish market for the coming years.

In the technology front, Mantis continued to invest in the enhancement of its leading Logistics Vision Suite (LVS) and to extend its range with new products and features. Among the firm’s most important announcements was the launching of a cutting edge Voice Logistics solution based on Vocollect’s, world-wide leading platform.

Based on this year’s dynamic performance, Mantis’ financial results for FY 2007 are expected to significantly improve. Furthermore, the rapid development of the Central Eastern European and Russia/CIS logistics solution markets will provide the ideal environment for the company’s continuing growth in 2008 and beyond.

In particular, among the businesses which selected Mantis’ LVS in 2007, were the following ones:

Logistics Service Providers (LSPs)

• ABX Logistics (Russia): Member of the leading European ABX Logistics group of companies, operating a 90.000 ft2 DC in Russia.
• Aquila (Romania): One of the leading FMCG distributors in the Romanian market, servicing Unilever and other clients, through DCs of over 280,000 ft2.
• Delamode (Romania): The fastest growing LSP in Romania, with 5 DCs (of 370.000 ft2 total capacity) servicing major companies such as the Metro Group, Debenhams, Dixons, Fujitsu, InBev & Honeywell.
• Eurocargo (Serbia): Key Serbian-German LSP operating in Serbia and servicing major firms such Henkel, Sharp, Siemens and Karcher.
• Eurosib (Russia): One of the leading transportation & logistics businesses in Russia, operating through a network of representative offices and distribution centers throughout Russia and in Ukraine, Belarus, Estonia, Hungary, Kazakhstan, Uzbekistan, Finland, Germany and China.
• Hitech Logistics (Kazakstan): A leading LSP in Kazakstan and an old LSP customer of Mantis/ANT (servicing companies such as P&G and Oriflame) who recently established a new DC to serve mainly Adidas.
• Smart Logistics (Russia): SLG belongs to the "Uniform International Chain of Customs Warehouses - UNCCW", established to implement the "great silk road" project, whose objective is to cover the whole Russian Federation with high quality logistics services. Mantis’ LV will first cover the needs of the SLG’s new DC (740.000 ft2) at the logistics park of the Domodedovo airport, Moscow. In the next 5 years, SLG plans to establish additional DCs (4.500.000 ft2) covering the whole Russian Federation.
• Y-Logimed (Greece): Greek LSP specializing in Health Care logistics, belonging to the leading "Eyeia" group of hospitals and health care institutions.

Also: Arpa Logistics (Greece): LSP in Northern Greece with a DC of 55.000 ft2. Atilim Lojistik (Turkey): Important LSP in Turkey, with 3 DCs. Depobuz (Turkey): Growing LSP in the Turkish Market. Diadiktiaki (Greece): Greek LSP specializing in value added services and distribution of mobile telephones and accessories. Distributivniy (Russia): Growing LSP in Russia with two DCs outside Moscow, focusing in the markets of FMCG/Food and electronic appliances. Interattica (Greece): The Greek subsidiary of the multinational DPD, who recently entered the LSP market. Interdromon (Greece): Greek LSP with a DC in Aspropirgos, Attica. Logistic Systems (Russia): Important Russian LSP with 2 DCs. ΤΝΤ Skypak (Greece): The well known multinational, entering the logistics services market in Greece with a new DC of 75.000 ft2 in Markopoulo, Athens. Ukrmortag (Ukraine): LSP in Kiev, Ukraine with P&G as its main client. Verilog (Greece): LSP in the North-Western region of Ioannina, Greece. Warehouse Logistics (Greece): Traditional Greek LSP.

Industrial - Wholesales - Distribution

• Benroubi (Greece): One of the most important distributors of electrical / electronic appliances and household / hotel supplies in Greece. LV will support 2 DCs in Athens and Salonika with a capacity of 35.000 and 5.500 pallet locations respectively.
• Fibran (Greece): One of the largest distributors of construction and insulating materials in Northern Greece.
• Fournarakis (Greece): One of the fastest growing distributors of industrial tools in Greece with a new modern DC of 75.000 ft2 in Attica. Mantis’ Voice Logistics solution will be implemented along LV to further increase WMS’ productivity.
• Frigoglass (Greece): The world leader in commercial refrigeration, initiated a project using Mantis’ Inventory Vision - Strategic Inventory Diagnosis Service focusing on optimizing the spare parts inventory in 3 logistics hubs of the group.
• Henkel (Russia): The well known multinational manufacturer in detergents, cleaners, cosmetics, personal hygiene products and adhesives, who selected Mantis’ Logistics Vision for its warehouse in Engels, Saratov region, Russia in its effort to establish a single logistics software platform for its operations in Austria, Bulgaria, Czech Republic, Estonia, Finland, Lithuania, Poland, Romania, Russia, Slovenia, Turkey and Ukraine.
• Higia (Bulgaria): The largest pharmaceutical distributor in Bulgaria with its main DC in Sofia and a number of regional DCs in other key cities of Bulgaria.
• July Group (Russia): One of the largest industrial (and retail) businesses in the market of leather products and accessories in Russia.
• Orinos (Cyprus): A dynamic Cypriot group producing and distributing (through 2 DCs in Nicosia and Limassol) paints, graphic arts equipment and consumables as well as specialized industrial products.
• Topservice (Russia): A dynamic Russian producer and distributor of energy saving electrical consumables and equipment such as light bulbs and batteries.
• Vassiliko Cement Works (Cyprus): The largest cement producer in Cyprus who expanded its Logistics Vision Suite platform by implementing Inventory Vision for the demand forecasting and replenishment of its 39.000 spare parts and tools.

Also: Chryssafidis (Greece): Distributor of plumbing and industrial items. Compact (Greece): A producer and distributor of aluminium profiles in Larissa, Central Greece. Delos (Greece): A distributor of chemical products and construction / insulating materials. Doukas (Greece): Distributor of aluminum and steel profiles and accessories with 2 DCs. Eurohouse (Greece): Growing furniture distributor with 2 DCs in Athens and Salonika. Katsamakos Group (Greece): Distributor of tiles and bathroom items. Kitchen Equipment Center (Greece): A growing player in production of kitchen furniture and equipment. Kliafa (Greece): Distributor of kitchen furniture and equipment. Mihas Meat (Greece): Meat processor and distributor with a new DC of 8.000 palet-locations refrigerated capacity. M+K Messios Trading (Cyprus): A distributor of household appliances representing well known European brands such as Brabantia, Luminarc, Pedrini and Gimi. Paco (Greece): Distributor of office supplies of known brands such as Pentel, Foldermate, Planet και Locau. Polykem (Greece): The largest Greek distributor of building and construction insulation materials including Dow, will use Mantis’ Inventory Vision to optimize stock management of its main DC as well as of its Ergoland retail outlets. Prepac (Greece): Distributor of packaging machinery and consumables. Saturn (Greece): Central heating and air condition distributor. Sparos (Greece): Food distributor. Staff (Greece): A traditional Greek supplier of clothing and accessories. Τeka Hellas (Greece): The Greek subsidiary of the well known multinational producer and distributor of kitchen and bathroom equipment. Tsialos (Greece): Distributor of roof systems. Tsinas (Greece): Food distributor in Central Greece.

Retail

• Aphrodite (Greece): Supermarket chain in Northern Greece.
• Avax (Greece): A traditional Greek furniture retailer.
• City Market (Russia): A new retailer (and wholesaler) focusing in cosmetics and house chemicals.
• Galaxias Supermarket (Greece): A traditional Greek supermarket chain with a new DC of 95.000 ft2.
• Lekkerland (Romania): The Romanian subsidiary of the German non-stop type convenience store chain with a DC of 65.000 ft2 in Bucharest.
• Merlion (Russia): The largest retailer of IT equipment and accessories in Russia, with its main DC (65.000 ft2) in Moscow and 4 regional DCs in other cities of Russia.
• Metro (Greece): One of the leading Greek supermarket & cash & carry chains, targeting both businesses and consumers, with a new modern DC of 400.000 ft2.