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ots Ad hoc-Service: Telegate AG Übernahme CFW

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    Munich (ots Ad hoc-Service) -    PRESS RELEASE

    telegate AG takes over the American information-service company: Another decisive step forward in the process of international expan- sion

    As announced in April 2000, telegate AG has signed the contract to buy CFW Information Services, Inc., a one hundred percent subsidiary of CFW Communications Company. This marks the beginning of business activities in the USA by the Munich-based service company. telegate AG paid around US $ 35,5 million for the US company.

    Based in Virginia, CFW Information Services, Inc. employs around 300 people at three locations and made a reasonable profit on revenues of US $ 16 million. Within the framework of outsourcing measures, the company provides information services on behalf of American telephone companies and handled 46 million calls in 1999. AT&T, the world's big- gest telephone group, is also a CFW customer.

    The purchase gives telegate immediate access to a field of business where the German company can also bring its expertise fully to bear in the USA. The knowledge of CFW optimises the service from the word go. Parallel to this, the Munich company is currently building its own call centres in Utah and California. With an annual rate of growth of ten percent, the American market for information services ranks as one of the most important in the telecommunications sector.

    Financial information: Press information:

    telegate AG Hoschke & Consorten Wolfgang Brand Anja Meyer, Andreas Hoschke Fraunhofer Str. 20 Deichstrasse 29 D-82152 Munich-Martinsried D-20459 Hamburg Tel.: +49 89 8954-1120 Tel.: +49 40 361146 Fax: +49 89 8954-1810 Fax: +49 40 361144 E-mail: wb@telegate.de E-mail: a.meyer@hoschke.de

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