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18.01.2001 – 07:51

NorCom Information Technology AG

ots Ad hoc-Service: NorCom Info.Techn. NorCom announcing preliminary fiscal 2000 figures

Munich (ots Ad hoc-Service) -

Ad hoc-announcement edited and sent by DGAP. The sender is solely
responsible for the contents of this announcement.
Revenues up roughly 130% - earnings slightly below forecasts
Spending on new Internet security technology to safeguard market
Munich, January 18, 2001 --- NorCom Information Technology AG
continued on its dynamic growth course over the year as a whole. Up
roughly 130% on 1999, revenues in fiscal 2000 met expectations.
According to its preliminary unaudited figures, the e-security and e-
business solutions specialist generated revenues of more than EUR 33
mn in 2000. Additional spending on developing revolutionary new
security technology for the Internet and longer sales cycles kept net
loss for the year slightly above expectations. A small profit had
been expected. Loss before interest and tax (LBIT) came to roughly
EUR 2 mn. Net loss for the year stands at nearly EUR 0.9 mn.
NorCom developing revolutionary security technology for the coming
industry standard
With the success of the upcoming J2EE industry standard (Java 2
Enterprise Edition) and web application servers, a marked turnaround
is emerging which will have a sustained impact on companies' entire
IT architecture. After recognizing the importance of this trend last
year, NorCom will be launching J2EE-based security technology as
early as this spring, ushering in a revolutionary new development in
web security which will form the core of next-generation e-business
applications. NorCom will be one of the first on the market with the
new web security system, which integrates the new industry standard.
Market observers are convinced that it will revolutionize all
web-based business applications. The necessary additional investment
will safeguard NorCom's technological lead in the security area,
giving it an additional basis for the future and allowing it to
extend its competitive lead in this core business segment.
For further information please contact: NorCom Information
Technology AG Investor Relations Stefan-George-Ring 6 D-81929 München
Fon +49-89-939 48 140 / 150 Fax +49-89-939 48 123

Original-Content von: NorCom Information Technology AG, übermittelt durch news aktuell

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