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22.05.2000 – 18:45

DCI Database for Commerce and Industry AG

ots Ad hoc-Service: DCI AG DCI AG to acquire its British competitor, ace-quote.com Ltd. E-commerce portal expands into Great Britain

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

    Starnberg, Germany (ots Ad hoc-Service) -      

    The Executive Board of DCI Database for Commerce and Industry AG, Germany's leading online trading platform for IT/telecom products, today announced the acquisition of the British e-commerce company, ace-quote.com Limited. The acquisition has already been backed by the DCI AG Supervisory Board and will give DCI AG access to the second- largest e-commerce market in Europe. The move is part of DCI AG's strategic internationalisation drive. Based in Cardiff/Wales, ace-quote.com operates the largest IT/telecom trading platform in Great Britain, acting in the same way as DCI AG as a broker between supply and demand in the B2B sector.

    The acquisition will be partly financed through DCI AG shares on the basis of a share capital increase yet to be finalised. It is anticipated that all formalities, approval at the AGM included, will be completed and the take-over effective by the middle of August.

    The new DCI AG subsidiary will continue to operate under its current name to capitalise on the reputation and visibility of ace-quote.com in Great Britain. Gary Munz, founder and Managing Director of ace-quote, will continue to manage the 35-member ace-quote team.

    ace-quote.com entered the e-commerce market in June 1999. It rapidly established itself as the leading B2B online platform for buyers and sellers of IT/telecom products in GB by leveraging a business model similar to that developed by DCI AG.

    For more information on DCI AG: DCI Database for Commerce and Industry AG Public and Investor Relations Eva Weber Enzianstr. 6 82319 Starnberg Germany

    +49 / 81 51/2 65-3 63
    Fax +49 / 81 51/2 65-5 01
    E-mail presse@dci.de; investorrelations@dci.de
    Internet: www.dci.de or

    End of Message ----------------------------------------------------- Internet: http://recherche.newsaktuell.de

Original-Content von: DCI Database for Commerce and Industry AG, übermittelt durch news aktuell

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