Neonet extends the target date for financial goals and provides comment on the second quarter

Neonet extends the target date for financial goals and provides comment on the
second quarter 

The Board of Neonet has decided to extend the target date for the company's long
term financial goals by one year from 2010 to 2011. This entails that Neonet, no
later than by 2011, will at least have doubled its operating revenues from the
2007 level (which amounted to SEK 689 m) and achieved an EBT of around SEK 400 m
(which in 2007 amounted to SEK 134 m). 


The background to the decision is the low activity on the stock exchanges during
the first half of 2008. The trading volumes on the markets decreased during the
first quarter and have continued to decrease during the second quarter, which
have affected Neonet's volumes and leads to declined revenues and significantly
lower earnings compared to the first quarter of 2008. 

The trend from the first quarter with changed trading pattern, a continued
decrease in average commission levels among other things dependent on a changed
client and market mix and low activity on the European exchanges has increased
in the second quarter. In the short term, this negatively affects Neonet's
transaction margin. In the longer term the trading activity is expected to
increase but Neonet is however dependent on the development of the volume on the
world's marketplaces.  

“The number of active clients has continued to increase to its highest level and
Neonet maintains on average its market shares on European exchanges, although
the volumes are significantly lower” comments Simon Nathanson, President and CEO
of Neonet.  

The outlook for Neonet remains positive despite the current market trend has had
a negative impact. Neonet is well positioned in the changing financial landscape
with the development of new marketplaces and higher requirements for more
advanced technology. The latest example of how the market is changing is the
Nordic initiative in creating an alternative marketplace, Burgundy, where Neonet
is participating. The demand for technology-based global trading and advanced
trading software provided by Neonet is expected to continue to increase both
regarding its brokerage services and software services, Neonet XG. 

During 2008 Neonet continued to invest for growth by recruiting more staff and
expanding our product offering. At present this course will not be discontinued.


The interim report for the second quarter will as stated earlier be published on
July 21.  






For further information, please contact:

Simon Nathanson
President and CEO, Neonet
Deputy Head of Communications, Neonet
+46 8-454 15 51

Neonet is a global agency brokerage firm and technology provider, offering
professional market participants neutral, high speed brokerage services and
advanced trading software solutions. NeoNet's in-house developed platform offers
connectivity to the world's leading market places globally across the key
regions of North America, Europe, Asia and Australia. Neonet's cutting-edge
technology solutions, Neonet XG, include an integrated product suite. It
features high speed market connections, a comprehensive execution management
system, market data services and advanced trading tools. Neonet is listed on the
NASDAQ OMX Nordic Exchange in Stockholm and has clients in over 20 countries
globally. For more information, please visit: www.neonet.com