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TELES Group presents new company structure

Berlin April 14th, 2000 The Teles Group has a new company
structure. The consolidation of its 28 subsidiaries into four
functional business areas creates clear and transparent leadership
structures. The management of the Teles AG has decided, effective
immediately, on the independent leadership of each of the four
business segments as autonomous stock corporations (AGs). The new
structure will optimize the growth of income for the TELES Group and
push its further rapid growth. After revenues of 307 Million DM for
1999, revenues for the current year should increase to 510 million DM
- this means an annual revenue increase for the Teles Group of over
60% for the 11th time in a row.

The Teles AG will take over the duties of a Group Holding and will
concentrate on the strategic leadership of the four functional
business areas. This will further enable an even stronger utilization
of the already existing synergetic potentials between the functional
business areas.

The functional business area "Teles Communication Systems AG"
encompasses the development and sales of innovative
telecommunications systems, i.e. integrated switching systems for
telephone and data networks. It encompasses the original core
business of Teles - whereas the following three new business areas
represent a considerable expansion of the Teles' business activities.

The functional business area "Teles eTrack AG" offers eCommerce
services for the complete spectrum of small and mid-sized businesses.
This area includes the Strato AG, the European market leader in
domain hosting, with its "beginner's entry" offers into the eCommerce
business. The cyPOS AG offers more highly developed but still
standardized eCommerce infrastructure services. The Cronon AG
provides individualized eCommerce infrastructure services for
mid-sized to large-sized companies, up to custom-made full service
for a total Internet presence. These eCommerce offers are supported
by the Teles EuroService Ltd. (Shannon) with skyDSL, a broadband
Internet access service, which is up to 120 times faster than the
normal ISDN access. This concludes the reorganization for this area
which we had already announced at the CeBit 2000 (please see
www.teles.de).

A separate press release will follow in the next few weeks
concerning the business area "Teles Internet Academy AG."

The functional business area "GRAVIS Holding AG" is the market
leader in the German Apple market and is pushing its Europe-wide
expansion this year. GRAVIS thereby opens up the attractive Apple
market for the other business segments of the TELES Group.

With this company structure, the Teles Group uses the three most
important telecommunications growth potentials - systems, services,
and education - and supports this utilization by means of the sales
activities of the GRAVIS AG in an ideal fashion.

Prof. Dr.-lng. Sigram Schindler CEO, 
   TELES AG

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Original-Content von: Teles AG, übermittelt durch news aktuell