STOCKHOLM, Sweden, Nov. 12, 2003 (PRIMEZONE) -- The November 12, 2003 special meeting of Framfab shareholders passed the following resolutions:
- Approval of the Board's decision of October 21, 2003 to issue a maximum of 95,000,000 new shares at a par value of SEK 0.10 each. The new shares may be subscribed for by SBI Scient, Inc. The shares are to be paid for by means of an issue in kind of all shares in SBI and Company UK Limited
- Selection of Ty D. Mattingly as new member of the Board
About Ty D. Mattingly:
Mr. Mattingly has more than 25 years of experience in business development and the forging of key strategic partnerships. He was one of SBI's founders in 1997 and is currently in charge of corporate development. Mr. Mattingly is also a founder of Novonyx, an international joint venture of Netscape and Novell. He has held a series of top positions at Novell and IBM. Mr. Mattingly is a graduate of Brigham Young University, College of Engineering. He is a member of the board of SBI Group Inc., Valtus Inc., Broadweave Networks and the Kevin Rollins e-Business Center.
For more information, please contact:
Sven Skarendahl, Chairman, Framfab AB +46 8 41 00 10 00, sven.skarendahl@framfab.se
Anders Ekman, CEO, Framfab AB +46 8 41 00 10 00, anders.ekman@framfab.se
Tobias Bulow, Group Communications Manager, Framfab AB +46 709 41 22 58, tobias.bulow@framfab.se
Framfab is a leading European specialist in digital media solutions and communication 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, 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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http://www.waymaker.net/bitonline/2003/11/12/20031112BIT00900/wkr0001.doc
http://www.waymaker.net/bitonline/2003/11/12/20031112BIT00900/wkr0002.pdf