ots Ad hoc-Service: i:FAO AG i:FAO separates eHotel Service into a new company

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    Frankfurt (ots Ad hoc-Service) -      i:FAO separates eHotel Service
into a new company

    i:FAO Aktiengesellschaft has, effective on September 21, 2000, separated the eHotel Service (Book Business Hotels Better) unit into the the bedhunter.com GmbH. The bedhunter.com GmbH will be changed into the eHotel AG shortly and will be owned at 49 % by i:FAO and at 40 % by the previous shareholders of bedhunter.com GmbH. Additional shares in the new company are reserved for industrial investors.

    i:FAO thereby consistently continues its strategy to position the company as a pure software developer with the two core products cytric and quixdata. cytric and quixdata are best-of-class solutions for e-procurement and information management in business travel. i:FAO's cytric is already the European market leader and services more than 379 corporations as of August 31, 2000.

    The new eHotel Aktiengesellschaft will combine the assets and technology related to online hotel reservations of both corporations and will be located in Berlin with an office in Frankfurt am Main:


    is Germany's most mobile hotel reservation service and offers selected hotels in the categories Economy, Business, First Class and Deluxe. Additional information at www.bedhunter.com, via WAP wap.bedhunter.com, the portals D2, D1 and Viag and via telephone +49 (800) 2334-86837.


    - Book Business Hotels Better - offers more than 51.000 hotels in worldwide more than 1.700 business destinations at rates up to 62% discounted. Bookings via the Internet www.eHotel.de or the eHotel call center +49 (69) 1530-50.

    Designated executives of the new company are the two bedhunter.com founders Matthias Garke and Dr. Matthias Kose. The position of chairman of the supervisory board is taken by Karin Froese, member of the executive board of i:FAO Aktiengesellschaft.

    As per an earlier announcement i:FAO is on schedule to separate it's cabana business unit into a separate, new company founded for that reason and initially a 100% subsidiary by October 2000.


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

    Detailed information for investors is available on the Internet

    http://www.ifao.net/ir , additional information graphic files and pictures in high resolution are available in the press area of the

    i:FAO website at http://www.ifao.net

    Please pay attention to the new WKN 622 452 of i:FAO Aktiengesellschaft.

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Original-Content von: i:FAO AG, übermittelt durch news aktuell

Weitere Meldungen: i:FAO AG

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