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

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    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).

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