mybet Holding SE

ots Ad hoc-Service: fluxx.com AG Acquisition

The sender is solely responsible for the contents of this announcement. ----------------------------------------------------- Kiel (ots Ad hoc-Service) - fluxx.com sharpens focus on online business - Takeover of the IT consultancy book & data - MBO of traditional advertising agency division The Kiel-based fluxx.com AG (Reuters Code FXXG.F), an Internet service company and Germany's market-leading broker of Internet gambling options, has stepped up the focus on its online activities through the acquisition of an IT consultancy firm and the divestment of its traditional advertising agency business. To strengthen the development side of its online expertise, fluxx.com has acquired an initial 55 percent shareholding in the IT consultant book & data Software-Entwicklung GmbH, in an agreement backdated to January 1, 2000. The company, based in Laboe near Kiel, specialises in the development of software solutions and in advising companies on IT matters; it currently has 21 employees. In the 1999 financial year, book & data recorded sales of DM 2.7 million, with pre-tax profits reaching DM 0.3 million. Its profitability will have a correspondingly beneficial effect on the cash flow of fluxx.com AG. The customer base of the company, founded in 1991, includes Deutsche Telekom Computerservice Management, CABUS ComputerSysteme and Vossloh Systemtechnik. The contractual agreement envisages fluxx.com acquiring the remaining shares in book & data at the start of next year. The takeover is to be financed partly with borrowed funds and partly from a capital increase against contribution in kind from the approved capital of fluxx.com AG, with no resulting effect on the liquidity situation. fluxx.com has simultaneously hived off the traditional activities it was still conducting as a former advertising agency, in the form of a management buy-out; these activities no longer bear any direct link with the company's present strategic focus on the business areas of Internet services and online gambling. The divested division will in future be run by fluxx.com employees as an independent full-service advertising agency with a regional emphasis. The decision to shed this division will have a positive effect on fluxx.com AG's earnings situation thanks to reduced costs. On the sales side, fluxx.com will continue to act as handling agent on behalf of the MBO. The Supervisory Board of fluxx.com AG has approved the acquisition and the MBO. Contact: fluxx.com AG; Investor Relations, Stefan Zenker, Phone: +49 (40) 85 37 88 - 47 or +49 (431) 88 10 4-84; Mobile: +49 173 913 87 05; Mail: zenker@fluxx.com End of Message ----------------------------------------------------- Internet: http://recherche.newsaktuell.de Original-Content von: mybet Holding SE, übermittelt durch news aktuell

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