Media Release: Greenberg Traurig, LLP.

(From MediaNet Press Release Wire)

MEDIA RELEASE PR19588 Court Further Tightens Grip on Lycourgos Kyprianou NEW YORK, July 28 /PRNewswire-AsiaNet/ -- On Tuesday, July 26, 2005, the Nicosia District Court issued additional Orders in the case by the Trustees of the AremisSoft Liquidating Trust on behalf of its more than 6,000 beneficiaries, against Lycourgos Kyprianou and others. In one Order, the court granted leave to the Trustees to serve several non-domiciliary entities which were identified as alter ego companies of Lycourgos Kyprianou used by him to assist in the alleged fraud on AremisSoft Corporation and its shareholders. A second Order extended the freeze and …