TTL Beteiligungs- und Grundbesitz-AG

ots Ad hoc-Service: TTL Info. Technology AG TTL AG to cross the herring pond Plans to acquire shareholding in US IT enterprise
Letter of intent signed

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

    Munich (ots Ad hoc-Service) -      
    For TTL Information Technology AG, the second acquisition of the
new year is just round the corner. Following the 100 % takeover of
the 1st DATA Solution Vertriebs-GmbH sales company only last month,
we are now pleased to announce the first successful step on our path
towards international expansion: through our subsidiary TTL
International AG, we have signed a letter of intent with the United
States' leading IT sales and service company BDI Distributors, Inc.,
covering acquisition of an equity holding in this
Atlanta-headquartered firm. The US IT enterprise achieved sales of
around 115,000,000 US$ in the 1999 business year, thus upping its
turnover by more than 100 % and making it one of the fastest-growing
IT sales and service companies in the United States. For 1999, BDI
Distributors, Inc. reports EBITDA totaling well over 10 % of
turnover. One of the most profitable and dynamic market segments
serviced by BDI Distributors, Inc. is the supply of IT products and
services to Internet companies (Internet fulfillment).

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