Bulkam Sea Trading Ltd.

"With this letter I would like to express my pleasure of working with Telecom Business Solutions LTD. The team of the company provided expert advice in the design and implementation of the telecommunication equipment of Ericsson."

General Manager: Liubomir Mandjoukov

Pamporovo Holiday Ltd.

"We have been in contact with Telecom Business Solutions ever since 2006. The company is the author of a complete conception and investment project concerning the installation of telecommunication equipment ... The company has proven itself as proper partner with their professional attitude and experience."

General Manager: Kosio Barbudov

CERB Co

"Our work with the company "Telecom Business Solutions Ltd. was useful and upright. The company has proven itself as a reliable and loyal partner."

Executive Director: Al.Mavrodiev

Shell Bulgaria Ltd.

"Shell Bulgaria values the high professionalism of the company "Telecom Business Solutions Ltd., and recommends it as honest and reliable partner."

IT Manager:Dimiter Turbinov

AMG Ltd.

"In response to the excellent collaboration in the implementation of the contract with "Telecom Business Solutions" Ltd, we are pleased to express our gratitude for the professional work done by you and your team on your delivery, installation and expansion of PBX and the design and construction of a cable network for the same ..."

Executive Director: Atanas Mandjoukov

TOAN Ltd.

"This reference is issued certifying that the company Telecom Business Solutions Ltd. has fulfilled its commitments with exceptional professionalism and on time, due to the high qualifications and competence of its employees."

General Manager: Tonio Georgiev

Vitta Foods Ltd.

"We chose to work with Telecom Business Solutions Ltd., as the only company with the most extensive experience in the field of telecommunications equipment under the brand "Ericsson"."

General Manager: Hristo Ianev

ASO Sirius Ltd.

"The company Telecom Business Solutions Ltd. has qualified specialists, that provided us with expert advice on the design of telecommunication system in accordance with our specific requirements and needs. The team of the company displayed professionalism and was in strict compliance with deadlines in the performance."

General Manager:Vasil Panchev

Balkan News Corporation Ltd.

"With this reference we would like to express our excellent impression of our joint work."

IT Director: Petar Dimitrov

Euro Games Technology Ltd.

"... strongly recommend the company Telecom Business Solutions Ltd. and express satisfaction with the high quality of the equipment, skills and competence of the staff of the company"

Executive Director:Vladimir Dokov

NSPP

"... recommend the company Telecom Business Solutions Ltd. as an honest and reliable partner. The company has qualified managerial and executive staff as well as very good organization of its work. "

General Director: Vencislav Todorov

TPP Maritza East 2 EAD

"The management of Maritsa East 2 EAD - Kovachevo, Stara Zagora issues this reference to Telecom Business Solutions Ltd. certifying that they made a delivery.....Deliveries are made in time and are of high quality ... On the basis of the above, we consider the company as a respected and loyal partner."

Chief Executive Director:Eng. G.Hristozov

Ministry of Foreign Affairs

"The Ministry of Foreign Affairs of Bulgaria issues this reference to Telecom Business Solutions Ltd in connection with its successfully fulfilled contracts ... The successful implementation of the activities ... gives us reason to give high valuation for the quality of service and the time limits for tasks fulfillment, as well as for the professionalism of the team of certified experts of the company "Telecom Business Solutions Ltd."

Director "Protection of Activity and Information Directorate": Dimiter Hadjiev

EMKO Ltd.

"The company fulfilled all its work in high quality and on time, in full compliance with our requirements."

General Manager:E.Gebrev

Emko - Montana

"... company Telecom Business Solutions Ltd is a fair and reliable partner that fulfills its commitments in time and in high quality."

General Manager: E.Gebrev

Savant Elbul Ltd.

"The work of the company's team is distinguished by high quality and professionalism, and the good organization contributes to the compliance with the terms and commitments .In regard to this we would like to recommend Telecom Business Solutions Ltd in the performance of activities related to design, installation and service of telecommunication equipment."

General Manager:Borislav Pavlov

Bulgarian Posts

"In this reference we would like to express satisfaction with our joint work ... we needed specialists who have the necessary qualification and experience and the team of Telecom Business Solutions Ltd completely justified our expectations."

General Director:Encislav Harmandjiev

Hospital Lozenetz

"The company carries out its duties with utmost honesty and is distinguished by its flexible commercial policy ... I believe that the company is able to meet the needs and the requirements of every company or institution, due to its experience and professionalism."

Director:L.Spasov

CRC

"We recommend the company Telecom Business Solutions Ltd. for all projects related to delivery, installation and support of telecommunication equipment."

General Secretary of CRC:Angelina Sitarska

Samel 90 PLC

"This reference is issued to certify that the company Telecom Business Solutions Ltd. has successfully completed a project for modernization of telecommunication equipment ... All activities were carried out on time and with this we would like to declare that Telecom Business Solutions Ltd. is a reliable partner, on whose honesty and competence we will rely on in the future about any projects related to telecommunication equipment."

Executive Director:Petar Georgiev

Trema Triavna

"This recommendation is issued to certify that the company Telecom Business Solutions Ltd. is a fair and reliable partner that fulfills its commitments in time and in high quality "“

General Director: E.Gebrev

SIC of MFA

"We are pleased to confirm our excellent impression from Telecom Business Solutions Ltd ... We would also like to express our satisfaction with the professionalism and responsiveness of your experts during the implementation of the project. "

Director:Liudmila Dimitrova

Navel Ltd.

"With this reference we would like to certify that the company Telecom Business Solutions Ltd has executed in high quality and on time the activities of preparing a project, delivery and installation of telecommunication equipment... "

General Manager:Petar Petrov

Ministry of Healthcare

"The Ministry of Healthcare of Bulgaria issued this reference to Telecom Business Solutions Ltd, expressing it's satisfaction with the company's activities on the implementation of the contract for subscription service support of the PBX, and the performance upgrade and expansion of the existing telecommunication system to the latest version of the hardware and software"

Head Secretary:Dimitrinka Nikolova

BankService

"With this reference, we would like to express our satisfaction of the collaboration with Telecom Business Solutions Ltd. in connection with the supply and installation of equipment for telecommunication system Aastra (Ericsson) MD110."

Karamfil Zahariev

Central Laboratory for Plant Protection

"With this reference the management of CLQP would like to acknowledge the collaboration with the company "Telecom Business Solutions Ltd. ... The company has adequate qualified personnel and modern equipment, which is a prerequisite for quality performance and reliability."

Director: Mariana Laginova

ET VATS - Sofia

"ET VATS - Vasil Simov issues this reference to "Telecom Business Solutions Ltd. in connection with the execution of a project to update the software and hardware version of PBX MX-ONE of the Ministry of Economy, Energy and Tourism...All commitments of the company "Telecom Business Solutions Ltd. were met on time and with the highest quality...The company has professionally trained staff, which allows me to recommend them in implementing similar projects."

General Manager: Vasil Simov

District Court - Dobrich

"The qualifications and performance of the team gives us reason to recommend" Telecom Business Solutions Ltd. to its future customers in the implementation of projects related to telecommunications equipment. "

Administrative leader - Chairman of the DCD: Encho Enchev

Mines Maritza East PLC

"... Company "Telecom Business Solutions" Ltd. has the necessary qualified professionals and build a good organization of the work sites. The performed activities meet with the agreed technical requirements and were accompanied by relevant documents. A training for the specialists from Maritza - East PLC was committed during the assembly, installation and initialization of the telephone equipment. The displayed correctness and professionalism so far has give us reason to recommend "Telecom Business Solutions" Ltd. as a reliable and loyal partner"

Executive Director: Todor Todorov

Avrora Ltd.

"The company carried out responsibly and within quality all agreed activities, and showed excellent organization in the performance of the contract, because of which we would like to recommend it to its future customers"

Jordan Grigorov

National Statistical Institute

"We express our excellent impressions and appreciation for the professionalism and solidarity expressed during the negotiation, contracting and strict enforcement of the contractual arrangements. Due to the high professionalism of managers and professionals and their responsible attitude, all work activities are performed in the required amount, duration and with very high quality."

Head Secretary:Veselin Vasilev

Military Court of Sofia

"We express our great impression of the proper attitude and the level of professional training of the specialists of the company. We would like to recommend "Telecom Business Solutions Ltd. to its future customers."

Administrative Officer and Chairman of Military Court of Sofia: Colonel Svilen Alexandrov

"We are pleased to confirm our excellent impression from Telecom Business Solutions Ltd ... We would also like to express our satisfaction with the professionalism and responsiveness of your experts in the execution of the contract ... "

Director:Milan Milanov

"... We would like to express our satisfaction with the work and qualifications of the company's service professionals ..."

Secretary: Klimentina Deneva