ots Ad hoc-Service: PSI AG PSI with 32% higher Sales and Operating Profit in First Quarter

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    Berlin (ots Ad hoc-Service) -              High investments in 1999 and repositioning pay off

    The PSI Group increased sales by 32% to DM 60.6 million (1999: DM 45.8 million) compared to the previous year. The operating profit improved to DM 0.5 million (1999: DM -5.7 million). As a result of PSI's leading position in the future-oriented markets of Resource Management via Internet, new orders were even doubled to over DM 75 million.

    Along with the general recovery of the software market after the Y2K event, the high volume of investment in 1999 for the new version of the Internet-enabled business solution PSIPENTA is displaying a positive result. The good results in the first quarter also confirms the ambitious planning for the entire year. An increase in sales to over DM 300 million and a return to profitability is planned for 2000.

    The number of employees in the Group grew to 1,222 in the first quarter. This is of particular importance because a qualified and motivated staff is the prerequisite for further growth at PSI.

    The integration of the new subsidiaries acquired since the IPO is also moving forward positively. In this regard special mention should be made of the PSI-BT AG, a new joint venture with the German steel industry, and the eBusiness specialist UBIS. PSI-BT was able to increase its new orders in the first operative quarter by 64% to DM 13.6 million, compared to the previous year. UBIS, in which PSI has a 75% share, is one of the few profitable eBusiness vendors and takes a leading position in agent-oriented technologies.

    Your Contact person:

    PSI AG     Karsten Pierschke     Manager Investor Relations     Dircksenstraße 42-44     10178 Berlin

    Tel. +49 30 2801-2727     Fax +49 30 2801-1000     eMail:

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