10 Febuary 2009 - ANNOUNCEMENT

The Management Board of STAR PIPE POLSKA Sp. z o.o. explains, that the transaction...

Czerwonak, 10 February 2009

   in reference to the press release at www.logstor.com „Sale of Star Pipe the best solution"

The Management Board of STAR PIPE POLSKA Sp. z o.o. explains,  that the transaction described therein does not concern the company STAR PIPE POLSKA with its seat in Czerwonak.      

   At the same time I’d like to inform, that the Polish shareholder of the Company – Mr. Aleksander Kleczewski owing 50 % of the Company’s shares, concluded the agreement on purchase of the remaining 50 % of shares from the previous shareholder of A/S STAR PIPE of  Danmark together with rights to trademark and technology.

The company STAR PIPE POLSKA  with its seat in Czerwonak will continue to manufacture and sell products in compliance with STAR PIPE technology.                       

President of the Board -  Managing Director – Marek Jakubiak