The EuroAdvance Közgazdasági Tanácsadó Kft. (EuroAdvance Economic Consultancy Ltd), having its seat in Nyíregyháza (Hungary) and an experience of thirteen years and its own regional consultation center of 450 m², opened in October 2003, is an undertaking providing business consultancy and full financial, accounting and quality management services.

Our predecessor was established in 1994 with a financing consultancy and business planning profile. However, after having successfully managed our partners, our clients began to address us with their accounting and tax problems, and as a result, we had to extend our profile: we evolved into a company that has been providing full financial and management services for several years.

We carry out not only financing, company management and training activities, but also provide integrator and SMCs networking services. Our company successfully manages domestic and EU tenders, provides training as a registered adult training institution, and has gained a lot of experience in the implementation, building and development of controlling systems and integrated quality management systems.

The Company operates an ISO 9001:2000 quality management and an ISO 14001:2005 environment management system, and it has been available for clients as a certified body since July 2003. We operate with the mentality to not develop tax-avoidance techniques, but to plan and support a profitable management system and to ensure a stable development of the clients. We prepare interim reports as required by our partners, but at least on a monthly basis, which show the magnitude of differences between plans and facts, their underlying causes, and thus negative processes can be successfully stopped in due time.

The biggest consultancy centre with a conference room and a parking 50 places in North-West Hungary was opened in early October, 2003, in Nyíregyháza - Oros. This conference room of 120 people has broadband internet connection allowing us to organize web conferences. Besides our events, the conference room can also be used for other events. We opened our metropolitan office at Fogarasai u. 2-6 in Budapest in the summer of 2006.

Since July 2003 we have carried out quality and environment management system development activities. Our quarterly "Quality Management Seminars" helped us and the participating regional SMCs to bear in mind a quality-oriented approach.

EuroAdvance Kft. is a participant in the multiplication programme of the Ministry of Economy and Transport and a registered EU consultant of the North-Plain Regional Development Council. Furthermore, it is listed in the formal Register of the National Association of Rural Development Consultants and is a registered consultant of the Chamber of Commerce (OPMT). In November and December 2006 we received a prize from the Hungarian Quality House (Magyar Minőség Háza) in the “Business Management Consultant” category and an "Award for Excellence" on the North-Plain Regional Quality Prize, respectively. In May 2008 we received the "Service Provider of the Year" decoration of the County Chamber of Commerce and Industry.

The Company is a formal and contracted consultant for EU tenders for several banks. As a trainer of the Structural and Cohesion Funds Training Center since July 2004, our Company continuously launches general and vocational training for small and medium-sized companies.

Our commitment to improving quality and environment management is well represented by the fact that we are a member of the Hungarian Association for Quality and the ISO 9000 Forum of Hungarian Certified Bodies. In 2006 we also became a member of the Joint Venture Association (the Vice-chairman of the EU Commission is the executive manager of the Company), and in 2007 we joined the Switzerland-Hungarian Chamber of Commerce.

In 2007 we signed an agreement with the Ministry of Agriculture and Rural Development on the operation of an EU-conform Regional Consultancy Center. According to this agreement, special consultants who joined us will provide assistance for agricultural entrepreneurs using EU aids.

Detailed presentation of our businesses

1. Financial consultancy

A fundamental issue in the development of companies is whether they have proper creditworthiness or not, and if their credit standing is limited, what resources can they use to increase their financial standing (aids, credit, leasing and so on).
Consequently, we carry out complex creditworthiness analyses and we analyze not only the chances of obtaining and repaying the credit (aid), but also what other solutions are available that can help implement a project.

The fastest possible way to raise funds is to obtain a bank credit, and in this respect we can make competitive offers even under the Central Bank interest rate. The indirect method is to participate in economic development tender constructions issued by resource centers from Brussels, by Hungarian ministries, the National Development Agency and the Regional Development Councils, and we can ensure their complex management using reference themes collected over 14 years.

EU tenders, which bring development for Hungarian companies, as well, and which can be used for construction, acquisition of machinery, IT development, training, agricultural and environmental investments, are managed as follows:

• We analyze whether the company is eligible for a given aid.
• We match the project to be funded with program objectives and priorities.
• We provide assistance in the programming of project activities.
• We provide assistance in the development of the financial plan, appropriation budget and marketing plan.
• We draw up the written, financial and feasibility part of the tender.
• We draw up the tender documentation with the required annexes, even in several foreign languages.
• We maintain contact with the organization involved from the time of signing the agreement until the fulfillment of all contractual obligations (usually for 5 years).
• We draw up the project performance documentation.
• We carry out the procurement procedure in relation to the project.
• We draw up regular progress reports and send them to the authorities.
• We manage changes, which occur during implementation, and draw up amendments to contract, if necessary.
• We draw up the final written financial report upon completion.
• We participate in audits to assist as experts.

These activities work are supported by our internet-based tender management system, which is unique in Hungary (www.felkeszules2007-13.hu), and where all our clients can display the current situation of their tenders on password protected web pages.

2. Accounting and payroll

The essence of the new approach:
You need to have a comprehensive view over the financial processes of the company and to be aware of the possibilities ensured by the new accounting and tax regulations, the financial and tax consequences of your decisions and your responsibilities. Unfortunately, 80% of the companies fail to obtain this from their external accountants.

What we offer:

• Continuous accounting even for companies that make tax returns on an annual basis;
• Joint analyses each month;
• Continuous efficacy and profitability calculations;
• Training of senior and middle management without financial qualifications, who want to improve their accounting knowledge and to know what room for maneuver they have for accounting decision making;
• Up-to-date trip and stock records, as required;
• Continuous maintenance of work and special-order contracts with the help of our work lawyer.

We offer major discounts for tender watch and development services provided to our constant clients!

3. Building up controlling systems

HOW CAN EUROADVANCE KÖZGAZDASÁGI TANÁCSADÓ KFT. IMPROVE THE EFFECTIVENESS AND EFFICIENCY OF YOUR COMPANY?

Euroadvance Kft. reviews to what extent do the processes (operating and quality), organization and characteristic division of labor support the implementation and effectiveness of your goals and plans. What are your development perspectives? Through the concomitant review of the effectiveness and efficiency, we show the possibilities to rationalize the processes that ensure the implementation of corporate vision. We compile a written evaluation based on numerical data on the possibilities identified and make proposals for potential improvement directions, alternatives and actions. We develop a controlling planning handbook and provide efficient assistance during the first stage of the operation of the system.

As management consultant, it is the mission of EuroAdvance Kft. to help its partners to develop a more effective and efficient operation practice.

The complex services provided by Euroadvance Kft. are aimed at improving business and management performance. Our partners expect prompt and accurate assessments, as well as effective and durable solutions, and we work to achieve all these for your company!

4. Training

Individual and corporate-level knowledge plays a major role in the operation of modern companies. Therefore, an efficient management is essential for competitiveness.
We have detailed topics for each training program, which can be adjusted according to the needs of your company after a common consultation.

Private persons are eligible to tax relief for adult education for course and exam fees paid by them, and companies can charge the training costs paid to contributions to professional training, because in 2007 our institution and 3 of our programs were accredited. Our institutional accreditation registration number: AL-1708

Trainings:

1. Structural and Cohesion Funds – financing opportunities for small and medium-sized companies.
2. Non-profit tender and project management. The accreditation registration number of the program: PL-1797
3. Training for internal auditors (with training experience gained in several companies from different areas, focusing in particular on conveying practical skills and knowledge). The accreditation registration number of the program: PL-1860
4. Based on our positive experience gained over the past few years, we organize regular quality management seminars.
5. Controlling, as an efficient management tool.
6. IT training (from beginners to advanced). The accreditation registration number of the program: PL-1798
• We organize IT trainings for the employees of companies and institutions according to individual requirements in our classroom. Individual trainings can be organized with an unusual timetable!
7. Communication training.
8. Training for sales representatives.

Training for senior management

• Manager training.

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5. Organizing conferences

"...The participants on the first conference were our clients, and we have awakened in them the enthusiasm and desire for information..."

Our facilities are excellent for hosting consultations and conferences. We can ensure the following conditions:

• a conference room of 120 people
• projector, sound system, broadband internet connection
• smaller rooms for section sessions
• closed parking with asphalt covering and grass
• easy access from Main Road 41 and Highway M3
• meals at the nearby restaurants

There are NO rent charges for clients who have annual contracts (Resource + Club, accounting and controlling).

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6. Non-profit consultancy

"Based on our references, EuroAdvance Közgazdasági Tanácsadó Kft. from Nyíregyháza could even have a good chance at winning a tender to screen the Vatican, since the reorganization of the economic department of Greek Catholic Diocese in Hajdúdorog and the launch of double-entry accounting system was managed by our company." (Csongor Csák, Figyelő Magazin, 2006)

Everything started with this...

We provide the following services to non-profit organizations and local governments:

• Developing a quality management system and carrying out audits
• Tender watch, compilation of resource combinations
• Managing of domestic and EU tenders from beginning to the final monitoring report
• Carrying out audits of institutions
• Training (e.g. use and clearance of EU funds)
• Financial assistance for development projects with the support of our partners.

Audit of institutions (financed from the central budget and the church), includes but is not limited to:

• The institutions of the Greek Catholic Diocese in Hajdúdorog (and in particular: the Greek Catholic High School and Vocational Training School)
• Auditing local governments
• Internal audit of foundations
• Certification and review audit of health care, social and public educational institutions.

A more detailed description of these projects is included in the CVs of our employees and experts!

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7. Quality Management System (QMS) and Environment Management System

The responsibility of the quality management consultancy business is to develop and prepare for certification a quality management system for our partners according to standards ISO 9001, ISO 14001 and 28001, as well as the HACCP system. The qualified engineers and economists of Euroadvance Kft. will assess the processes and resources available to your company. This assessment will document the necessary procedures and we provide active assistance in the implementation of the quality management system. We will also provide assistance in selecting the certification body, inform you about tendering opportunities and prepare your EU tender. In case of cumbersome operating quality management system, we make proposals to improve the system and to define new guidelines. There are possibilities to use aids in this project, as well. For our objective is to disseminate quality-awareness in the North-Plain Region, we organize quality management seminars in our conference room by involving auditors.

We focus on our clients, because they motivate us to seek perfection in our relation with them and to provide flexible and customized services. We also seek reliability both in the development of our services and client relations. This is based on an experience gained during the development and preparation for certification of approximately 25 management systems in the field of commerce, service provision, food industry, trade and service of vehicles, health care, drug approval, construction and electrical works and production.

What should you do, if you want to become our client?

If you found our offer interesting, contact our consultants to obtain any information. In case you made a definite decision, please download the request form from our webpage and send it to us after having filled it out. We will be glad to welcome you among our clients and will send a customized offer.

Upon request we will send you our references!

(Final version of this information: June 11, 2008)

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