NeoNet's Interim Report 1 January - 30 June 2003

STOCKHOLM, Sweden, August 21, 2003 (PRIMEZONE) -- NeoNet:

The Quarter in Summary

 * Net sales amounted to SEK 34.0 m (SEK 48.8 m), of which transaction
   revenues accounted for SEK 32.7 m (SEK 46.9 m). The 30% reduction is
   entirely the result of the decreased trading value.

 * The operating earnings before depreciation and net financial items
   were negative at SEK -6.5 m (SEK -2.2 m). The pre-tax losses amounted
   to SEK -13.4 m (SEK -8.4 m). The loss after tax amounted to SEK -13.6 m
   (SEK -8.2 m).

 * The earnings per share for the quarter were negative at SEK -0.31
   (SEK -0.19).

 * The transaction margin amounted to 62%, an improvement compared to
   the last three quarters.

 * Personnel and other operating expenses were reduced by SEK 7.0 m or
   20% compared to second quarter last year.

Website

www.neonet.biz

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The full report is available for download:

http://www.waymaker.net/bitonline/2003/08/21/20030821BIT00080/wkr0001.doc

http://www.waymaker.net/bitonline/2003/08/21/20030821BIT00080/wkr0002.pdf