net AG infrastructure, software and solutions / Miscellaneous
20.05.2009
Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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AD HOC ANNOUNCEMENT IN ACCORDANCE WITH §15 OF THE SECURITIES TRADING ACT
(WPHG)
net AG continues its focus on growth markets
Koblenz (Germany), 20.05.2009 - Based on the continuing difficult economic
environment, net AG (Prime Standard: ISIN DE0007867400) decided to broaden
its focus on the attractive growth markets. This results in the divesture
of high risk, low margin activities requiring high resources. Therefore,
net AG will divest itself of its national domestic direct business with
retailers as well as the sale and distribution of games and therefore of
its subsidiary BHV Software GmbH.
The corresponding agreements were signed today; the implementation should
be completed in the following weeks, and should be reflected in current
business year expenses to the amount of additional EUR 600.000. The
business segments that are affected generated a sales volume of around EUR
4.5 million during business year 2007/2008.
This measure will enable the increased focus on the growth markets and
business areas gen-erating higher revenues. At the same time, it will
stabilize the earnings outlook and reduce the risks for the company in case
of a prolongation of the currently weak economic situation.
The Management Board
Please direct any inquiries to:
net AG infrastructure, software and solutions
Schlossstraße 1
56068 Koblenz
Germany
Telephone: 0261 13389 17
E-mail: info@netag.de
Internet: www.netag.de
DGAP 20.05.2009
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Language: English
Issuer: net AG infrastructure, software and solutions
Schlossstr. 1
56068 Koblenz
Deutschland
Phone: +49 (0)261 13389-0
Fax: +49 (0)261 13389-10
E-mail: investor@netag.de
Internet: www.netag.de
ISIN: DE0007867400
WKN: 786740
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Stuttgart, München, Hamburg, Düsseldorf
End of News DGAP News-Service
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DGAP-Adhoc: net AG infrastructure, software and solutions:
| Source: EQS Group AG