Yerevan /Mediamax/. Common stocks of “ARAX” open joint stock company are admitted to trading starting today on the C free C market of “NASDAQ OMX Armenia” Stock Exchange.

Mediamax was informed in the press service of “NASDAQ OMX Armenia” that a total of 116,879 stocks of the company with nominal value AMD 1,000 will become traded at the exchange under ticker symbol ARAX.

“ARAX” OJSC is a production company with the range of products and services comprising manufacturing and installation of elevator cabins; metallic entrance doors equipped with coded locks; washers for railroads; office furniture; and miscellaneous articles of plastic. The company is the legal successor of “Arax” state-owned enterprise established in 1987.

The major shareholder of “ARAX” OJSC is “International Business Center” CJSC Russian-Armenian joint venture, which holds about 66% of all shares of the company and is currently the major shareholder of a few other companies in Armenia operating in business areas ranging from production to real estate trade.

As of December 31, 2008, “ARAX” OJSC’s assets totaled AMD 499.96mln, equity capital was about AMD 293mln; proceeds from sales exceeded AMD 55.4mln in 2008 growing more than 47 times compared to the previous year.

More information on the activities of the company, as well as the trading prospectus can be found at the company’s official website www.araks.am.