ots Ad hoc-Service: i:FAO AG i:FAO Completes Merger of American Subsidiaries

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    Franfurt/M. (ots Ad hoc-Service) -

    i:FAO Aktiengesellschaft has, on September 6, 2000, completed the merger of it's two North American subsidiaries Quixdata Systems, Inc., San Ramon, California and i:FAO of North America, Inc., Dearborn, Michigan.

    The new i:FAO of North America, Inc. is located in San Ramon, California with offices in Dearborn, Michigan and local sales offices in Boston, Dallas, Detroit, Irvine and St. Louis. Additional locations are already in planning.

    The management of i:FAO of North America, Inc. consists of Roger Hunt, President and Debbie L. Knecht, Executive Vice President.

    The company is responsible for sales and support of the i:FAO software products cytric and quixdata in North America. In addition quixdata Systems are developed and tested in San Ramon. cytric and quixdata are best-of-class solutions for e-procurement and information management for corporate travel management. i:FAO is already market leader in Europe, where more than 300 customers use cytric.

    As also published i:FAO furthermore plans to separate it's cabana business division into an especially founded new company, initially owned by i:FAO at 100%, as well as to separate the eHotel division, similarly to cabana not a part of i:FAO's core business, into a joint venture, a partnership of several companies.

    These activities should be completed already in October 2000.

    The Executive Management Board


    Louis Arnitz i:FAO Aktiengesellschaft Telephone +49 (69) 1530 5500 eMail arnitz@ifao.net

    Additional information, graphics and pictures in high resolution are available in the press area of the i:FAO website at http://www.ifao.net

    Please also visit our new IR page at http://www.ifao.net/ir-eng

    Please pay attention to the change of i:FAO's WKN code because of the transition to registered shares in July 2000: WKN 622452.

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