February 18, 2008  
VELSKAYA MTS: Creditors Must File Claims by February 28

Creditors of OJSC Velskaya MTS have until Feb. 28, 2008, to
submit proofs of claim to:

         A. Fokin
         Insolvency Manager
         Gorkogo Str. 9
         160019 Vologda
         Russia

The Arbitration Court of Arkhangelsk commenced bankruptcy
proceedings against the company after finding it insolvent.
The case is docketed under Case No. A05-11600/2007.

The Court is located at:

         The Arbitration Court of Arkhangelsk
         Loginova Str. 17
         163069 Arkhangelsk
         Russia

The Debtor can be reached at:

         OJSC Velskaya MTS
         Nekrasova Str. 13
         Velsk
         165150 Arkhangelsk
         Russia





   
   
   
   
   
   

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