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ots Ad hoc-Service: PC-WARE Info. Technolo. <DE0006910904> PC-Ware presents first-quarter figures: sales boosted significantly; Internet technology pushed ahead

Leipzig (ots Ad hoc-Service) -

The sender is solely responsible for the contents of this
announcement.
In the first three months of the
current fiscal year (April 1 - June 30) PC-Ware Information
Technologies AG, Leipzig, boosted its sales by an impressive 38% from
EUR 19.9 million in the first quarter of the previous year to EUR
27.5 million. The technology-driven business segments - Integrated
Systems solutions and New Technology Developments - were the clear
growth leaders.
The Software Services and New Technology Developments were
expanded aggressively and accounted for 23 of the 42 new employees
hired in the first quarter. PC-Ware has consistently implemented its
strategy announced at the May IPO, which focuses on the development
and market launch of innovative software. The company has passed
technological milestones primarily with regard to e- business
platforms, electronic licensing and electronic software management.
The software solutions already launched in the market such as PC-WARE
in4meta, an innovative site management system, and PC-WARE
in4community, a software solution for communication on Internet
platforms, will gradually be expanded by additional modular
components of a comprehensive, user- friendly high-performance
Internet suite.
Increased investments in the expansion of strategic business units
influenced the result in line with management's projections. The
DVFA/SG-adjusted net income amounted to EUR 0.27 million (Q1 1999/00:
EUR 0.45 Mio million). Earnings per share stood at EUR 0.05 (Q1
1999/00: EUR 0.09). The IPO resulted in one-time extraordinary
expenses of EUR 3.1 million.
In view of the dynamic sales growth in the first quarter,
management continues to expect full-year sales and DVFA/SG earnings
of EUR 149 million and EUR 3.0 million, respectively. These figures
do not include the recently announced takeover of the European
subsidiaries of Programmer's Paradise Inc. This strategic move will
give PC-Ware an immediate presence in France, the UK, Italy, Austria
and the Netherlands, where the individual subsidiaries are
excellently positioned. This will open up comprehensive marketing
possibilities for PC-Ware's software support and software development
services as well as its e-licensing technologies. PC-Ware will adjust
its targets for the current and the following quarters to reflect the
successful takeover of the European subsidiaries of Programmers
Paradise inc. and other imminent technology-driven acquisitions.
Inquiries:
PC-Ware Information Technologies AG Beate Sailer Investor
Relations Tel: 0341 2568 000 Fax: 0341 2568 999 e-mail: 
investor.relations@pc-ware.de
End
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