029 Group SE

Board/Management Information • Oct 16, 2001

News Details

Ad-hoc | 16 October 2001 09:04

Brainpower N.V. english

Ad-hoc-announcement processed and transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Chief Financial Officer resigns from Company Brainpower (Neuer Markt: BPW), provider of investment analysis and decision- support software tools for the investment community, today announces the resignation of Jennifer Wick, Chief Financial Officer. Citing differences of opinion, Mrs. Wick is leaving the Company and on an interim basis. Bill Holwell, Vice President Finance of Brainpower, will be acting CFO. Mrs. Wick stated, “Brainpower has excellent prospects and an enviable position in the private wealth management sector with state-of-the-art financial software and extensive customer base. I wish everyone at Brainpower continued success.” Rocco Pellegrinelli, Brainpower Chairman and Chief Executive Officer, added, “We thank Jennifer for her tremendous contribution as the CFO of a publicly traded company, particularly in leading as through our IPO successfully in difficult market conditions and in making a strong contribution towards our long-term strategic objectives. Due to her contribution. Brainpower has the financial resources to see the company through to being EBITDA positive by the fourth quarter 2002 at the tatest.” ABOUT BRAINPOWER Brainpower is a developer and supplier of investment analysis and decision support software tools for investment professionals and online financial service providers. Brainpower’s solutions are differentiated by their advanced capabilities to support enhanced decision-making for investment professionals and their clients, including retail investors. The organisation’s high-end decision support tools for investment professionals, Brainpower Finest and Brainpower TOP FUNDS, support the analysis and management of stocks, mutual funds and portfolios. The technology is database-independent operating in a client/server environment and is based on recognised industry standards and solutions. For further information see: http://www.brainpowerweb.com or contact: Curtis E. Fox Director, Communications & Investor Relations Brainpower N.V. Tel: +44 (0) 20 7392 7117 e-mail: cfox@brainpowerweb.com end of ad-hoc-announcement (c)DGAP 16.10.2001 ——————————————————————————– WKN: 553169; Index: Listed: Neuer Markt in Frankfurt, Freiverkehr in Berlin, Bremen, Hamburg, Hannover, Düsseldorf, Stuttgart und München 160904 Okt 01