i:FAO AG

ots Ad hoc-Service: i:FAO AG

Ad hoc-announcement. The sender is solely responsible for the contents of this announcement. -----------------------------------------------------

    Frankfurt/Main (ots Ad hoc-Service) -      The executive
management of i:FAO Aktiengesellschaft (WKN 622 452, listed at Neuer
Markt, Frankfurt) reports that in the context of a capital increase
the final purchase price payment for the acquisition of the American
QuixData Inc. was made. This lasting increase of the enterprise value
of i:FAO AG by EURO 266,325 to EURO 5,709,325 is executed under the
partial utilization of the authorized capital at a value of EURO
536,800 created by the general shareholder meeting on January 20,1999
. The issue of the new shares in the name of the holder is
implemented using the appropriate increase of the portfolio book
value of QuixData Inc.. The new shares are entitled to full profit
sharing starting from January 01, 2001. The subscription right of the
shareholders is excluded. According to the conditions as per the
purchase agreement the purchase price payment is subject to achieving
certain sales objectives. For this reason 132,474 shares were
deposited on trust with a fiduciary and are thereby not in the
control of the old shareholders of the QuixData, Inc.. With this
capital increase i:FAO Aktiengesellschaft once more underlines its
strategy to create a lasting increase in the value of the company,
without decreasing the outstanding liquidity situation of the
enterprise.

    The Executive Management Board

    Contact:

    Louis Arnitz i:FAO Aktiengesellschaft Telephone: +49 (69) 7680-5500 eMail: arnitz@ifao.net

    WKN: 622452; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, München, Stuttgart, Hannover

    End ----------------------------------------------------- Internet: http://recherche.newsaktuell.de

Original-Content von: i:FAO AG, übermittelt durch news aktuell

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