EPAM to Sponsor 5th Annual Russian Outsourcing and Software Summit (ROSS 2005) and to Deliver a Keynote Presentation

Press Release:

Princeton, NJ — June 14, 2005 — EPAM Systems, Russian Software Excellence Award 2004 winner, will be a Silver Sponsor of the Russian Outsourcing & Software Summit 2005, one of the most remarkable events in IT-outsourcing, software development and international collaboration on Information Technologies in Russia, CIS and Eastern Europe. At the opening of the Summit EPAM's CEO Arkadiy Dobkin will deliver a keynote presentation giving an insider view of the most significant trends in outsouricing to Eastern Europe and Russia in particular.

Hosting over 500 visitors including 150 foreign representatives, the event offers advantages of demonstrating successful outsourcing experience, expert guidance from the world's leading analysts and excellent networking opportunities for the leading national and international technology leaders and IT services providers.

"I look forward to ROSS 2005 as it is today the most important venue for IT service providers from the former Soviet Union region and other Eastern European countries, for potential customers, industry analysts and IT press", says Arkadiy Dobkin, EPAM CEO and President. "Over the last several years the Summit (thanks to the dedicated efforts of RUSSOFT and Fort-Ross) proved to be a reality check point which allows potential clients to accurately evaluate the progress the IT service providers have achieved during the year and at the same time for the regional vendors to sense the growing global interest from EU and US corporate worlds in the services coming from Eastern Europe".

EPAM cordially invites all the event attendees to visit its Booth No. 23 to learn about the company's definitive advantages which made neoIT and CMP's Managing Offshore recognize EPAM as No. 1 of "Top 5 to Watch in Central and Eastern Europe" and No. 3 of global "Top 10 Specialty Application Development Leaders" and discuss the best practices of outsourcing to Eastern Europe presented by the company.


About EPAM Systems

EPAM Systems is a leading provider of software development outsourcing services. In January 2005 EPAM was named No.1 of "Top 5 to Watch in Central and Eastern Europe" and No.3 of "Top 10 Specialty Application Development Leaders" on the Offshore 100 by neoIT and CMP's Managing Offshore. Established in 1993 in Princeton, New Jersey, EPAM Systems has technology development centers in Moscow, Russia, Minsk, Belarus, and Budapest, Hungary. EPAM solves complex business and technology problems using a delivery model that combines onsite presence (in US and EU) with Eastern European offshore and nearshore services.

EPAM's customer base includes Reuters, Samsung America, Colgate-Palmolive, Empire and CareFirst BlueCross BlueShield, London Stock Exchange, Halliburton, and British Telecom among others. In the technology world, EPAM provides services to firms such as SAP, Hyperion, BEA Systems, Microsoft, and others.

www.epam.com

For further information, please contact: press@epam.com