P&I Personal & Informatik AG

ots Ad hoc-Service: P&I Personal & Info. AG Results and Budget Figures to the Annual Financial Statements

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    Wiesbaden (ots Ad hoc-Service) - P&I Overcomes Slump - Results and Budget Figures to the Annual Financial Statements

    P&I achieved group sales of DM 35.9 million (prior year: DM 32.6 million) during the concluded fiscal year 1999/2000. The human resource management software company, listed on the Neuer Markt since July 1999, posted a 10 percent increase in sales (last forecast was 5 %). The expected group deficit (EAT) of DM -5.0 million was bettered 28 % to DM -3.6 million. The German stock corporation has already turned itself around - the AG's results from ordinary business activity climbed from some DM 82K last year to DM 635K for this reporting year. This brings P&I back on the track to success following the drop in sales around the New Year. The largest investment of the past year was made to expand its presence in Europe, including those successful acquisitions in Austria and Switzerland.

    The current financial year recently witnessed the biggest acquisition in Germany so far. By picking up the AS/400 payroll package from IBM, along with its 1,800 customer contracts, P&I was able to triple the number of its clients and secure more than a 25 % share of the medium-sized-business market. This allowed the current year's budget figures for guaranteed maintenance revenues to be upped to DM 7.5 million. Thanks to rising demand for ASP (Application Service Providing) Internet services, P&I may well be able to raise its projection for sales growth for this business year from 30 % to 45 %. The new budget for fiscal year 2000/1 (1 April - 31 March) calls for an EBIT of DM 2.0 million instead of simple break-even.

    Kontakt: P&I Personal & Informatik AG, Kreuzberger Ring 56, 65205 Wiesbaden www.pi-ag.com, E-Mail: aktie@pi-ag.com Andreas Granderath, Public & Investor Relations Tel. (0611) 71 47-267, Fax: (0611) 71 47-367

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