ots Ad hoc-Service: PSI AG PSI continues to develop positively beyond the first six months Significant improvements in performance and an increase in turnover to 130.3 million DM

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    Berlin (ots Ad hoc-Service) -        

    The PSI Group has increased its turnover by 22% in the first six months of 2000 compared to the same period in the previous year, bringing it to 130.3 million DM (1999: 107.3 million DM). PSI was able to improve its operational results by 7.1 million DM to 2.3 million DM (1999: -4.8 Millionen DM). A record amount of incoming business, at over 200 million DM at the beginning of the second six-month period (1999: 220 million DM over the whole year) will start to have a positive effect on turnover and profits only in the quarters to come. This is also true for the acquisition of the gas management systems section from debis Systemhaus, which was completed at the end of May.

    In spite of the weak market environment for the Products sector, the planned improvement in performance for Products was fully realised. Positive developments continued in the Systems sector, following the liberalisation of the energy markets. Logistics and e-business also showed signs of improvement.

    PSI-BT AG has begun the internationalization of its business within the framework of the cooperation agreement signed with Alstom at the end of May. The eBusiness subsidiary UBIS has become a highly successful provider of Internet marketplaces and portals in the first six months. With the change into a public limited company currently in progress, UBIS is creating the prerequisites for further aggressive expansion.

    The number of employees in the Group rose from 259 to 1275 during the first six months. This plays a decisive role for PSI, whose business operations depend to a great extent on its skilled and motivated employees. These employees are also the prerequisite for the further growth of the company.

    With the launch of the new version of the Internet-capable PSIPENTA eRP solution at the end of June, PSI is in a good starting position for the upturn expected in this market area in the second six months of the year. PSIPENTA 5.0 effectively supports international business networking by integrating eBusiness as well as providing many improved functions.

    Your contact person:

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

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

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