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ots Ad hoc-Service: fluxx.com AG <DE0005763502> Acquisition

Kiel (ots Ad hoc-Service) -

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

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