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ots Ad hoc-Service: Telegate AG telegate expects a higher profit: Internet-Service 11880.com launched

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    Munich/Hamburg (ots Ad hoc-Service) - As announced, telegate AG launched its 11880.corn Internet service at the start of the CeBIT. During the fair, Dr. Klaus Harisch, CEO of telegate AG, said he expects the company's profit to develop in line with expected revenues of around DM 300 million in the current business year and, therefore, to double.

    The Munich-based telegate company was founded in 1996 and has been listed on the New Market of Frankfurt Stock Exchange since April, 1999. Last year. the company recorded total revenues in excess of DM 173.3 million. The range of services offered includes numerous facilities, such as directory inquiries for the fixed-line network and all German mobile-telephone networks, call forwarding to around 4,500 service hotlines and telephone and address inquiries by post and fax. 11880.com, the telegate subsidiary founded in January, 2000, provides an online directory service. Additional Internet services are being planned, telegate AG employs approximately 2,500 people.

    Financial information:

    telegate AG     Wolfgang Brand     Fraunhofer Str. 20     82152 München-Martinsried     Tel.: 089/8954-1120     Fax:  089/8954-1810     e-mail:wb@telegate.de

    Press information:

    Hoschke & Consorten     Anja Meyer, Andreas Hoschke     Deichstraße 29     20459 Hamburg     Tel.: 040/36 11 46     Fax:  040/36 11 44     e-mail: a.meyer@hoschke.de

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