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19.02.2001 – 08:05

NorCom Information Technology AG

ots Ad hoc-Service: NorCom Info.Techn. NorCom - leaner internal structures and a new product forming the basis for profitable growth

Ad hoc-announcement edited and sent by DGAP. The sender is solely responsible for the contents of this announcement. -----------------------------------------------------

    Munich (ots Ad hoc-Service) - NorCom Information Technology AG reorganized its group structure at the beginning of the year. The Group's new efficient profit-center-oriented structure will form a solid basis for its planned strong growth over the next few years. With its core E-Security and E-Business Infrastructures divisions, NorCom projects revenues of EUR 56-60 million and hence profitable growth of approx. 70-80%.

    This spring NorCom will be releasing its innovative security technology for e-business. In doing so, it is responding early on to the move in the IT market away from client/server platforms towards net-centric computing. In spite of heavy spending on R+D, product roll-outs and marketing, the Company expects to post EBIT of EUR 4-6 million this year. The extensions to the family of NGS products and the new leaner group structure will create the foundations for rising profitability in the years ahead.

    As part of the corporate reshuffle, Gebhard Tanner, previously Vice President Professional Services, is now working for NorCom in an advisory capacity retroactively as of February 1, 2001.

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