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ots Ad hoc-Service: Telegate AG Telegate Expects Sales of More Than 170 Million Marks for 1999
"We have surpassed the goal we had set for ourselves by far."

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    Munich / Germany (ots Ad hoc-Service) - Telegate AG will end the business year 1999 with sales of more than 170 million German marks, which is significantly more than the company had planned for a year ago. Dr. Klaus Harisch, speaker of the board of Telegate AG, states: "Thus we have surpassed the goal of doubling 1998's sales of 79 million German marks by far."

    With their information service, Telegate AG is number two on the German market after Deutsche Telekom AG. Telegate entered the winning zone for the first time in October 1999. Contributing to the positive development were mainly the last two months of 1999, each with sales of nearly 20 million German marks. Earnings before interest, taxes, depreciation, and amortization (EBITDA) for the whole year are expected to be a figure in the ten million range. "All this was achieved in spite of minimal advertising investments", says Dr. Klaus Harisch.

    The speaker of the board adds: "We will continue to make conservative estimates, although we are more than confident that our business will do well."

    Telegate AG expects unusually high earnings in the core business for the year 2000 while aiming at sales of 300 million German marks. The company especially expects the areas Internet, data services, and foreign business to contribute with sales of about 50 million German marks. International activities will focus on the United States. Currently Telegate is preparing to introduce information services in Spain and Italy.

    Investor Information: Telegate AG Mr. Wolfgang Brand Fraunhofer Str. 20 82152 München-Martinsried Germany

    Phone: +49-89-89 96 66 - 75 Fax: +49-89-89 96 66 - 10 E-mail: wb@telegate.de

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