updated 5/26/2011 4:18:11 PM ET 2011-05-26T20:18:11

NEW YORK, May 26, 2011 (GLOBE NEWSWIRE) -- Veteran business journalist Jill Bennett joins Arkady Volozh, Principal Founder and Chief Executive Officer, Yandex (YNDX) to discuss the company's industry, strategy, financials and positioning.

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Arkady Volozh, Principal Founder and Chief Executive Officer:

Arkady Volozh is the principal founder of Yandex and has been Chief Executive Officer and a director since 2000. A serial entrepreneur with a background in computer science, Mr. Volozh co-founded several successful IT enterprises, including InfiNet Wireless, a Russian provider of wireless networking technology, and CompTek International, one of the largest distributors of network and telecom equipment in Russia. In 2000, Arkady left his position as CEO at CompTek International to become the CEO of Yandex. Mr. Volozh started working on search in 1989, which led to him establishing Arkadia Company in 1990, a company developing search software. His early achievements include the development of electronic search for use in patents, Russian classical literature and the Bible. Mr. Volozh holds a degree in applied mathematics from the Gubkin Institute of Oil and Gas.

About Yandex (YNDX):

Yandex is the leading internet company in Russia, operating the most popular search engine and the most visited website. In 2010, we generated 64% of all search traffic in Russia and we were the largest Russian internet company by revenue. In March 2011, our yandex.ru website attracted 38.3 million unique visitors. We also operate in Ukraine, Kazakhstan and Belarus. Our mission is to answer any question internet users may have. Yandex N.V. is registered in the Netherlands. Yandex LLC, our principal operating subsidiary, is registered in Russia and headquartered in Moscow.

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