TOMORROW FOCUS AG Records Special Items in 3rd Quarter of 2007

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Special items


TOMORROW FOCUS AG Records Special Items in 3rd Quarter of 2007

Munich, Germany, October 9, 2007 - TOMORROW FOCUS AG records nonrecurring special items in the third quarter of 2007.

Based on preliminary figures, TOMORROW FOCUS AG will realize exceptional profits of an estimated EUR 5.8 million from the sale of its shares in BELLEVUE AND MORE GmbH amounting to 41.7%.

Furthermore, due to the approval of the 2008 German Corporate Tax Reform Act (Unternehmenssteuerreformgesetz) by the Federal Council of Germany (Bundesrat), the Management Board of TOMORROW FOCUS AG decided on a one-time reduction of deferred tax assets by approximately EUR 1.9 million in the 3rd quarter of 2007.

Lastly, an efficiency enhancement program was approved in the 3rd quarter, resulting in nonrecurring charges against earnings for the 3rd quarter to a total amount of approximately EUR 0.7 million.

Apart from that, the Management Board anticipates that the operational course of business will continue as planned in the 2nd half of 2007.

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ots Originaltext: Tomorrow Focus AG
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Further inquiry note:
Armin Blohmann
Head of IR & PR
Telefon: +49 (0)89 9250 1256

Branche: Software
ISIN:      DE0005495329
WKN:        549532
Index:    CDAX, Prime All Share, Technologie All Share
Börsen:  Börse Frankfurt / regulated dealing/prime standard
              Börse Berlin / free trade
              Börse Hamburg / free trade
              Börse Stuttgart / free trade
              Börse Düsseldorf / free trade
              Börse Hannover / free trade
              Börse München / free trade

Original-Content von: TOMORROW FOCUS AG, übermittelt durch news aktuell

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