KITO Corporation

"Trade official says a new dawn is beginning for Iran, especially in the economic sector, as hopes are high that international sanctions on the Islamic Republic are going to be removed. 'It is the first time in a long time there's hope,' David Stephen, head of the Oil and Gas Offshore Division of Iran Europe industrial and trading group told Trend May 7 on the sidelines of the Iran Oil Show 2015 in Tehran. 'Iran is the future for many foreign companies,' said Stephen who is responsible for bringing many European companies to Iran for market exploration in the past 25 years... The German safety equipment company Kito is one of the companies Stephen has led to Iran. We were in Iran last November holding talks with the NIOC (National Iranian Oil Company) and the Iranian sides were very interested in our products, Kito General Manager Joachim Romeick told Trend." (Trend, "New dawn for Iran after sanctions -- European trade official, 5/10/15) (http://www.bloomberg.com/research/markets/news/article.asp?docKey=600-201505100001KRTRIB__BUSNEWS_52940_64499-1)