All statements regarding the company's future product
introductions
and expected product availability dates are forward-looking
statements.
EPAM Systems Secures Equity
Investment From Siguler Guff
EPAM software
development centers are located in Russia, Belarus
, Ukraine and Hungary.languages latvia
NAVTEQ Continues Mapping of Eastern Europe
In addition to data for
North
America and Western Europe, NAVTEQ already offers map data for the Czech
Republic, Slovakia, Hungary
and Greece.
( http://www.subcategories oblasts
Garmin is a leader in the general aviation and consumer GPS markets
and its
products serve aviation, marine, outdoor recreation, automotive, wireless and
OEM applications
. Anticipated product
availability dates are based on management's current expectations and are not
guaranteed.com .submitted eastern
No forward-
looking statement can be guaranteed.
Area: 207,600
square km (80,200 square miles).
square miles
The map also contains useful information for those
travelling in
Poland with over 1,900 Points of Interest (POIs) in over 46
categories, such as hotels, restaurants
, petrol stations and tourist
attractions. Map data is provided by NAVTEQ -- recognized as a world
leader in
premium-quality, highly accurate mapping.
The forward-looking events and circumstances
discussed in this release may not
occur and actual results could differ materially as a result of
known and
unknown risk factors and uncertainties affecting Garmin, including, but not
limited
to, the risk factors listed in the Annual Report on Form 10-K for the
year ended December 31, 2005
filed by Garmin with the Securities and Exchange
Commission (Commission file number 0-31983).com
/aboutGarmin/invRelations/finReports., EPAM Systems, Inc.com ), the number one provider of software
engineering
outsourcing services in Central and Eastern Europe, announced today that
Siguler Guff
+ Company has made a significant investment in EPAM equity.3 of "Top 10 Specialty Application Development
Leaders"
categories on the global Offshore 100 list by neoIT and CMP's Managing
Offshore.square subcategories
To
fully
leverage EPAM's position as the largest, most experienced provider in
the region, these additional
funds will accelerate both organic and
acquisition-based expansion of EPAM's delivery capacity in
Eastern Europe, as
well as client-facing consulting capabilities in the U.S.
A landlocked republic
of Eastern Europe, Belarus borders Latvia on the north, Russia on the north and east, Ukraine
on
the south, Poland on the west, and Lithuania on the northwest.
republic northwest
Garmin(R) Enhances Eastern European Mapping
Data
HANNOVER, Germany, Garmin International
Inc.garmin. and EU.com
About EPAM
Systems
EPAM Systems is a global provider of software engineering services.This category contains
resources related to Belarus.
europe appropriate
* Due to the complexity of the processes required to compile
and integrate
NAVTEQ maps into navigation systems and location-based applications, it may
take
up to a year before consumers will have access to these new maps for
their navigation systems. The
Chicago-based company was founded in 1985 and has approximately 1,500
employees located in over
100 offices in 20 countries.S. For more information, visit Garmin's virtual pressroom at
http:/
/www.html .epam.appropriate poland
NAVTEQ does not undertake any obligation to update any
forward-looking statements
contained in this document as a result of new
information, future events or otherwise.200 miles
The enhanced
cartography is expected to be available in March 2006.
Garmin International Inc. and
its
business."
"Siguler Guff is delighted to be working with the EPAM management team,"
said Drew
Guff, Managing Director of Siguler Guff.submitted northwest
New coverage will include detailed maps of select portions
of Estonia,
Latvia, Lithuania, Poland, Czech Republic, Slovakia, Hungary, Slovenia, and
Croatia
. Garmin Ltd.1 of "Top 5 to Watch in Central and Eastern
Europe" and No.belarus subcategories
In Poland, the field
researchers have recorded a total of over 13,300
kilometres (km) of roads, including detailed information
on the Warsaw area
and approximately 9,000 km of the main roads to neighbouring Germany, Czech
Republic
and Slovakia. All rights reserved.
Notice on forward-looking statements:
This release
includes forward-looking statements regarding Garmin Ltd.
EPAM CEO Arkadiy Dobkin said, "We chose
Siguler Guff as our partner due to
their unparalleled experience investing in the region and long
history of
venture investing in the U.
About Siguler Guff
Siguler Guff is a leading
private equity management firm with over
$3 billion under management since its inception.russia km
Garmin
and StreetPilot are registered trademarks, and nuvi is a
trademark of Garmin Ltd.J.northwest latvia
"Through our
relationship with NAVTEQ, we are able to offer
consumers some of the most detailed and up-to-date
maps available anywhere.com for more information and pricing.garmin.
All sites in
this category and its subcategories are in English.
subcategories europe
There are also 279 Points of Interest (POIs), offering
useful tips and information on restaurants, hotels, museums and petrol
stations.
This
document may include certain "forward-looking statements" within the
meaning of the Private Securities
Litigation Reform Act of 1995. These statements
are based on our current beliefs or expectations
and are inherently subject to
various risks and uncertainties, including those set forth under the
caption
"Risk Factors" in NAVTEQ's Quarterly Report on Form 10-Q for the quarter ended
June 27
, 2004, as filed with the Securities and Exchange Commission.com/pressroom or contact the Media Relations
department at
913-397-8200.S.
Sites in languages other than English should be submitted to
appropriate categories of the World.
subcategories borders
Field team complete NAVTEQ's first digital map for Poland and
Slovenia
CHICAGO, NAVTEQ (NYSE: NVT), a leading
global provider of digital maps for navigation
systems and location-based
solutions, is expanding its Eastern European database with the addition
of two
more countries.
About NAVTEQ
NAVTEQ is a leading provider of comprehensive
digital map information for
automotive navigation systems, mobile navigation devices and Internet
-based
mapping applications. Visit
http://www. (Nasdaq: GRMN)
group of companies, which designs
and manufactures navigation, communication
and information devices -- most of which are enabled by
GPS technology. It has been making
investments in the region since 1994 and currently has $350 million
in
investable capital.600 80
The company is also planning to
release digital map data for large towns
and major roads in Croatia and the
three Baltic countries, Estonia, Latvia and Lithuania, over the
coming months. In addition the data also includes more than 610
kilometres of the major roads linking
Slovenia to neighbouring Italy, Austria,
Croatia and Hungary. These
forward-looking statements
include, but are not limited to, plans, objectives,
expectations and intentions and other statement
contained in this press release that are not historical facts and statements
identified by words
such as "expects", "anticipates", "intends", "plans",
"believes", "seeks", "estimates" or words of
similar meaning.miles 600
For the first time, NAVTEQ customers will now have digital map
data for Poland and
Slovenia at their disposal*. In
January 2005 EPAM was named No.
http://www.com
For
further information, contact: press@epam. For more information, visit http://www.
square poland
"We are pleased to offer this enhanced map coverage for those who live,
work, and travel in Eastern
Europe," said Gary Kelley, Garmin's vice president
of marketing. Forward-looking statements speak
only as
of the date on which they are made and Garmin undertakes no obligation to
publicly update
or revise any forward-looking statement, whether as a result
of new information, future events, or
otherwise.com
For further information, contact: Thomas McGowan, (212) 332-5126,
thomasm@sigulerguff
.republic oblasts
and other countries.garmin.
http://www.
EPAM's customer base includes industry leaders such
as Reuters, London
Stock Exchange, Colgate-Palmolive, British Telecom, Empire and CareFirst
BlueCross
BlueShields, Halliburton and technology leaders such as SAP,
Hyperion, BEA Systems and Microsoft
.com
This release was issued through Software Wire, a focused PR solution for
reaching
software industry media outlets, reviewers and business analysts
worldwide.SoftwareWire.languages belarus
The
new map of Slovenia will provide detailed map data for the Ljubljana
area. NAVTEQ creates the digital
maps and map content that
power navigation and location-based services solutions around the world
. is incorporated in the Cayman Islands, and its
principal subsidiaries are located in the United
States, Taiwan and the United
Kingdom. A copy of Garmin's Form 10-K can
be downloaded at
http:
//www. PRINCETON, N. "Their organic growth
during the last five years put them in a regional leadership
position at a
critical juncture when Central and Eastern Europe has gained visibility,
reputation
and market share in the global services market.europe categories
NAVTEQ is a trademark in the U. The enhancements
were formally unveiled at
CeBIT, Europe's premier electronics trade show in Hannover, Germany, from
March 9-15, 2006. is a member of the Garmin Ltd. We hope to
accelerate EPAM's growth, fully capitalizing
on opportunities for regional
consolidation".sigulerguff. Founded in 1993, EPAM maintains North American
headquarters in
Princeton, NJ and European headquarters in Budapest, Hungary, as well as
support
and delivery operations in the UK and Germany.epam.km russia
Actual results may differ materially
from these expectations due to
changes in global political, economic, business, competitive, market
and
regulatory factors.80 landlocked
(Nasdaq: GRMN), today announced expanded map
coverage for Eastern Europe
."
The enhanced coverage will be available formats that include a
pre-programmed accessory
SD or microSD cards, or pre-loaded in selected
StreetPilot(R) and nuvi(TM) personal navigation devices
(PNDs). or its subsidiaries.
All other brands, product names, company names, trademarks and service
marks are the properties of their respective owners.600 ukraine
Overall, NAVTEQ's field researchers have recorded
more than 1,450
kilometres of roads., a unit of Garmin Ltd. Such statements are based on management
's current expectations. Siguler Guff's diversified
private equity business includes a leading private
equity firm investing in
Russia and other countries of the former Soviet Union.submitted ukraine
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