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CAMO Group raises $600K USD through private equity

Funds to be used to further strengthen its plans of India expansion

OSLO, Norway - January 28, 2007: CAMO AS, today announced that it has secured $600K USD (NOK 3.5 million) through targeted private equity.

This company plans to use these funds towards working capital to accommodate its organic growth in 2007.

About CAMO
The CAMO group consists of two operational divisions; CAMO Software develops and sells advanced multivariate statistical software worldwide whereas CAMO IT Services is offering IT Consulting Services to companies in US, Europe and India. CAMO has its global headquarters in Oslo , Norway , with regional offices in Woodbridge , NJ US , and Bangalore , India . CAMO's stock is currently listed at the Norwegian OTC-list.

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