Pironet NDH AG

ots Ad hoc-Service: Pironet AG PIRONET AG merges with NDH IT Service AG

The sender is solely responsible for the contents of this announcement. ----------------------------------------------------- Cologne (ots Ad hoc-Service) - Additional ASP Distribution Channel - Increase in Sales and Revenue Projections PIRONET AG signed a merger agreement with NDH IT Service AG, Cologne, on August 15, 2000 - after the corresponding resolution had been voted on and passed by the executive board. PIRONETs supervisory board has approved the transaction, through which all NDH IT Service AG shares are to be absorbed by PIRONET AG. For this transaction the company is making use of existing and approved capital with a capital increase against contribution in kind. 3.1 million new PIRONET AG shares will be issued to the sole shareholder and CEO of NDH IT Service AG, Mr. Felix Hoeger, excluding the subscription rights of current shareholders. The contract takes effect only upon approval by PIRONET AG's general meeting and the registration of the contract in the corporate Commercial Register. The merger extends PIRONETs value chain and, through NDHs ASP (Application Service Provider) business, simultaneously opens a new distribution channels for the pirobase software. PIRONET AGs sales projections for the year 2000 will rise more than 40% to DM 48.5 million, as will earnings before interest and taxes (EBIT) to from DM - 6,0 million to DM - 4.5 million. Last year NDH IT Service AG achieved sales of DM 7.7 million. The company currently has 50 employees. The previous sole shareholder and CEO of NDH IT Service AG will be a member of PIRONET AG's executive board. For more information, please refer to the simultaneously published press release. Further information at: www.pironet.com/servlet/lbMenu/ID=19020 End of message ----------------------------------------------------- Internet: http://recherche.newsaktuell.de Original-Content von: Pironet NDH AG, übermittelt durch news aktuell

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