tecis Finanzdienstleistungen AG

ots Ad hoc-Service: tecis Holding AG tecis growth of 57 percent in the first half A further ten agencies opened Three new tecis pyramiding funds admitted for side as of 3rd July 2000

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    Hamburg (ots Ad hoc-Service) - According to the temporary figures for the first half of the financial year 2000, tecis Holding AG, Hamburg, has continued its growth course. The tecis Group was able to increase its proceeds from turnover by 57% to DM 51.5 million (1st half year 1999: 32.8). Result from commissions rose by 39 percent to DM 18.7 (13.5) million. The result of normal business operations increased by 31% to DM 4.7 (3.6) million.

    tecis Finanzdienstleistungen AG which was responsible for most of the turnover, was able once again, after the strong growth in 1999 (plus 20), to increase the number of agencies by 10 to 71. The planned increaae of 25 agencies to 86 by the end of 2000 has already been guaranteed through the "start up 2000- programme", which was introduced in January, said Christian Steinberg, Chairman of the Management Board or tecis Holding AG. The number of sales partners was able to be increased by 122 to 1,027 and should amount to 1,300 by the end of the year. tecis Maklerservice AG was also able to continue its positive development. In the first six months of the financial year 2000, more than 300 new broker customers were acquired.

    After the good development of the pyramiding funds tecis Global and tecis Dynamic, which were introduced in Autumn 1999 (administered assets of both funds as of 30th June 2000: DM 170 million), tecis Asset Management AG will introduce a further three pyramiding funds. The new pyramiding funds tecis New Technologies Select UBS (D), tecis Asia Pacific Select UBS (D) and tecis Europe Plus Select UBS (D) will be launched together with the United Bank of Switzerland (UBS) and are admitted for sale in Germany as of 3rd July 2000. By the end of 2002, the number of agencies should rise to over 180. "There's room in Germany for more than 600 tecis agencies", said Steinberg.

    The turnover from commissions should be more than doubled from DM 95.5 million in 1999 to over DM 200 million in 2002. The net income for the year should more than triple disproportionately from DM 6.1 million in 1999 to DM 20 million in 2002. In the long term, the number of customers should increase to over 1 million by 2010.

    Questions:                                  tecis Holding Aktiengesellschaft
    Dr. Jürgen Gaulke                        Presse- und Öffentlichkeitsarbeit
    Tel. 0177/679 30 60                    Bettina Riecke
    Fax 040/3603 036 592                  Tel.(040) 69 69 51 - 285
    Email GaulkeJ@aol.com                 Fax (040) 69 69 51 - 278

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