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ots Ad hoc-Service: AG Provisional net earnings for 1999: boosts sales by 130 percent

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    Provisional net earnings for 1999: boosts sales by 130 percent

    - Sales for 1999 30 percent above target - Net loss for the year confirms predictions - Number of users rises faster than Internet usage AG, of Kiel, anticipates sales growth of more than 130 percent for the 1999 financial year. As the company announced today, the gr oup's total sales will probably amount to around DM 17.7 million, significantly more than the company's own target, and almost 30 percent above the analysts' pr edictions. In the previous year, the group companies generated total sales of DM 7.6 million.

    As anticipated, the group's net loss for the year will rise from DM 3.9 million (1998, figures for as-if group) to around DM 16.6 million in 1999. Investment in the development of the brand as a platform for online gambling and game s of chance and development costs for new products and for the system platform n ecessitated much of this expenditure. In the business customers sector, expenses incurred as a result of creating and expanding our personnel and technical base to enable the company to take on the growing challenges of the market in the e- business and online marketing sectors also contributed to the net loss for the y ear. An amount of some DM 3.1 million was spent on the initial pubic offering of AG in September 1999.

    The major driving force behind the growth of the Group is the e-commer ce platform The business-to-consumer branch of the Group repo rts the highest growth rate of around 200 percent. The platform accounts for just under 10 percent of total group sales. In 1999, handled stakes totalling some DM 8.4 million which cannot be included in the HGB financial sta tements due to accounting regulations.

    The number of customers who played games of chance via in the past finan cial year rose from about 30,000 to some 80,000, a year-on-year increase of some 160 percent, and thus faster than the growth of Internet use (approx. 75 percen t). The number of partners marketing via their Internet activities rose to 125 by the end of 1999. was able to win significant new customers in the business-to-business sector. For example, it handled e-business projects on behalf of Henkel, Unileve r and Philips. Online campaigns were developed and implemented by for MobilCom, Freenet and IS Internet Services. AG will disclose full details of its result for the 1999 financial yea r at its press conference on the financial statements on March 31 in Hamburg.

    Contact: AG; Investor Relations, Stefan Zenker, phone: +49 431 8810484 Fax: +49 431 8810470; mobile: +49 173 9138705; mail:

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