TTL Information Technology AG

ots Ad hoc-Service: TTL Info. Technology AG TTL AG to cross the herring pond Plans to acquire shareholding in US IT enterprise
Letter of intent signed

The sender is solely responsible for the contents of this announcement. ----------------------------------------------------- Munich (ots Ad hoc-Service) - For TTL Information Technology AG, the second acquisition of the new year is just round the corner. Following the 100 % takeover of the 1st DATA Solution Vertriebs-GmbH sales company only last month, we are now pleased to announce the first successful step on our path towards international expansion: through our subsidiary TTL International AG, we have signed a letter of intent with the United States' leading IT sales and service company BDI Distributors, Inc., covering acquisition of an equity holding in this Atlanta-headquartered firm. The US IT enterprise achieved sales of around 115,000,000 US$ in the 1999 business year, thus upping its turnover by more than 100 % and making it one of the fastest-growing IT sales and service companies in the United States. For 1999, BDI Distributors, Inc. reports EBITDA totaling well over 10 % of turnover. One of the most profitable and dynamic market segments serviced by BDI Distributors, Inc. is the supply of IT products and services to Internet companies (Internet fulfillment). End ----------------------------------------------------- Internet: Original-Content von: TTL Information Technology AG, übermittelt durch news aktuell

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