M.J. Maillis Group announces today that Mr. Dimitris Kouvatsos as of Monday, July 6th 2009, will assume duties of Chief Restructuring Officer.

Dimitris Kouvatsos during his career held various positions predominantly in Finance as he became the Chief Financial Officer in OTE Group of companies, Hewlett Packard Hellas and the Saudi branch of Hewlett Packard, in Tasty SA (PepsiCo Foods) and Wind?s Greek subsidiary. Furthermore, he has assumed the role of Deputy General Manager of SOFTEX S.A. during its restructuring and privatization process and was also appointed Managing Director of Rokas Group and SENCAP SA, PPC?s vehicle for acquisitions in SE Europe.

He has also assumed similar positions abroad such as Regional Finance Director and later on Controller of PepsiCo for Europe, as well as positions in the finance department of the international division of Hewlett Packard.

Overall, his areas of expertise focused mainly on corporate finance management, financial and operational restructuring, strategic planning, business development and acquisitions, flotation and listings of large business units. Diversified experience in the management of high technology, consumer products, telecommunications and energy, with specialization in corporate restructuring, business and support systems reengineering.

Referring to Mr. Kouvatsos?s recruitment, Chief Executive Officer of M. J. MAILLIS GROUP, John Kourouglos, stated that: "At this critical point, the recruitment of a high caliber executive with a wealth of experience will have a significant positive impact on the Group?s balance sheet restructuring. This will enable the Group to return to sustainable and profitable growth."