Framfab takes over parts of Icon Medialab in Denmark


STOCKHOLM, Sweden, Sept. 03, 2003 (PRIMEZONE) -- Framfab will take over a total of 14 employees and a number of customer relationships from Icon Medialab Denmark, which has declared bankruptcy.

Icon Medialab Denmark declared bankruptcy last Thursday. Following talks with the trustee in bankruptcy, Framfab is taking over 14 employees and a number of customer relationships from Icon Medialab Denmark as of today.

Jesper Andersen, CEO of Framfab Denmark, says, "My hope is that Icon Medialab's clients will not be affected by the bankruptcy. The important thing for me is to make sure that Icon Medialab's clients feel like their relationships are continuing as if nothing had happened. Our new employees will continue working on Icon Medialab Denmark's ongoing projects. We will be supporting our new employees all the way to ensure that clients will receive the same high quality work as they have been accustomed to in the past."

Framfab is a leading provider of consulting services and business solutions based on Internet technology. Most of Framfab's customers are big international companies, including 3M, AXA, the Coca-Cola Company, Danske Bank, Ericsson, Hydro Texaco, IKEA, Kellogg's, Maersk Sealand, NEC Packard-Bell, Nike, Observer, Postbank, SAAB, Volvo Car Corporation and UBS. Framfab operates in Denmark, Germany, the Netherlands, Sweden and Switzerland. The company is quoted on the O list of the Stockholm Stock Exchange (ticker symbol FRAM). For more information, please visit www.framfab.com.

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