All for One Steeb AG

ots Ad hoc-Service: AC-Service AG Definitive Contracts Signed on Sale of Distribution Solutions Business Division

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      Stuttgart (ots Ad hoc-Service) -    

    Clear Focus on IT Outsourcing, Human Resource Services and Application Service Provision. Markedly favorable EBIT expected for 2000.

    Stuttgart, 2 November 2000 - With the 31 October 2000 signing of the definitive contracts on the sale of the Distribution Solutions business division to bäurer AG in Hüfingen, AC-Service has taken a decisive step forward in becoming an IT service provider focused on IT Outsourcing, Human Resource Services and Application Service Provision. The division, which posted sales of DEM 12.3 million in the first six months of this financial year, was transferred to bäurer with a business effective date of 1 October 2000, and therefore will have no effect on sales for the last three quarters of the year. AC-Service and bäurer have agreed on a price of 11,4 Mio DEM. The resulting contribution is to be recognized in the profit and loss account in the fourth quarter and is expected to lead to a significantly positive EBIT for the 2000 financial year. AC-Service will continue to place its strategic focus on IT Outsourcing, Human Resource Services and Application Service Provision.

    For further information, see www.ac-service.com

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