Pixelpark AG

ots Ad hoc-Service: Pixelpark AG Pixelpark47s Acquisition of Swedish Internet Companies Cell Network
Mandator Called Off at the Last Minute

The sender is solely responsible for the contents of this announcement. ----------------------------------------------------- Berlin (ots Ad hoc-Service) - The acquisition of Berlin's Pixelpark AG of the Swedish Internet companies Cell Network AB / Mandator AB that was contractually agreed upon and announced in Berlin and Stockholm two weeks ago has been called off at the last minute. In a surprise move, the contract partners Cell Network/Mandator suddenly cancelled their agreed-upon participation in an in- progress roadshow for international investors in order to bring about new negotiations. In view of the legally-binding, signed contract, this was unacceptable for Pixelpark. The initial reaction of Paulus Neef, CEO of Pixelpark: "We have a clear contract that Cell Network/Mandator alone have not fulfilled. We reserve the right to take all appropriate legal action." Pixelpark provides high-end solutions for communication and transaction in the area of New Media. The company integrates the business units Strategic Consulting, Marketing & Design and Systems & Technology. Pixelpark has 484 employees (as of December 31, 1999) and is represented at various international locations including Berlin, Dortmund, Hamburg, Cologne, Munich, Stuttgart, Basel, Biel, Eastern Europe, London, New York City, Paris, Vienna and Zurich. Its customers include many major companies such as adidas-Solomon AG, Allianz AG, Bank Sarasin & Cie, Barmer Ersatzkasse, Conrad Electronic GmbH, Deutsche Börse AG, Habitat International, Lufthansa AG, Metro AG, Procter & Gamble, Siemens AG, UBS AG, and Groupe Yves Rocher. For further information: Pixelpark AG Christiane Schulz Tel: +49.30.34981-639 End ----------------------------------------------------- Internet: http://recherche.newsaktuell.de Original-Content von: Pixelpark AG, übermittelt durch news aktuell

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