PSI Proactive Strategic Intelligence is opening its third office. The third office is set up at Bucharest, Romania and will form PSI’s new hub for Caspian and Black Sea – Eurasia countries.

Date: November 7^th, 2005

Attention to: Associates, Partners, Business Press

PSI Proactive Strategic Intelligence Ltd., is pleased to announce that the leading Competitive Intelligence (CI) Business Advisors firm (www.psiworldwide.biz) is opening its third office. The third office is set up in the emerging market of Romania and it is based in Bucharest.

Mr. Harry Stavrinides, Managing Partner of Proactive Strategic Intelligence Ltd., says: "As Competitive Intelligence and Strategic Planning Business Advisors, we are focusing in the geographical regions of Central & Eastern Europe, Caspian and Black Sea -Eurasia and Middle East countries. The strategic expansion of PSI in Romania was decided a year ago and now we are opening the third office of PSI in Bucharest, in order serve better our clients interested for the new emerging geographical region of Eurasia - the Caspian and Black Sea countries. Our existing hub in Greece will continue to serve our clients for the Central & Eastern Europe and our hub in Cyprus will continue to serve our clients for the Middle East countries".

Dr. Adrian Protogeros, PSI, Co-founder and Partner says: "Local presence and specific market expertise are valuable tools for achieving actionable results in the geographical region of Eastern Europe. Adhering to our vision for providing top quality services through excellent local knowledge, solid partnerships and profound market expertise, we are expanding our local presence to Romania and we view this is expansion as a challenge in utilising our profound expertise in specific industries such as IT & Telecommunications, Energy and Utilities, FMGC, Industrial Technologies, Transportation, to provide high quality services for our clients in the specific region".

For more information, please contact

Mr. Harry Stavrinides (hstavrinides@psiworldwide.biz)

Tel/ Fax: +30 210 86 53 307

Mobile: +30 694 85 02 714

About Proactive Strategic Intelligence Ltd.

PSI Proactive Strategic Intelligence Ltd (www.psiworldwide.biz)., is a premier Business Advisory professional firm and expert Technology Assessor and Solution Provider, focusing in the geographical regions of Central & Eastern Europe, Caspian and Black Sea and Middle East counties. Currently, our network of advisors and subject matter experts covers more than 20 countries and involves more than 40 specialised associates. As Business Advisors, we specialise on Strategic Planning, Corporate Research, Competitive Intelligence and Knowledge Management Services & Solutions. PSI Partners and senior Executives are experts in Communication, Information Technology and Strategic Business Development, with extensive, hands on experience in multinational organisations and large regional corporations, in the industries of Telecommunications, Information Technology, Electronics, Mass Media, FMCG, Pharmaceutical / Healthcare, Energy and Utilities.