artnet AG Berlin

ots Ad hoc-Service: AG acquires German Internet platform
Customer base will increase

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


    New York/Frankfurt (ots Ad hoc-Service) -   AG, Frankfurt and New York has acquired, Munich effective October 1, 2000. The total purchase price is in the low six-digit Euros. With this acquisition strengthens its position in the important German market by broadening its client base. has evolved as a successful Internet platform for art galleries in the past three years. Its main client is the Munich Art Fair with its 150 galleries., which represents 1,100 galleries, will benefit from a larger customer base, attractive synergies and cost savings. In addition will obtain proprietary software with which galleries can update their own pages on the site.

    Further information: Grace E. Schalkwyk Chief Financial Officer Equinet Communications GmbH 61 Broadway, 23rd Floor Graefstrasse 97 New York, NY 10006 60487 Frankfurt Tel.: +49 (0) 69-58 997 305 Tel.: 001-212-497-9700 x256 Fax: +49 (0) 69-58 997 349 Fax: 001-212-497-9707

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