New Work SE

Related Party Transaction • Nov 29, 2006

News Details

Ad-hoc | 29 November 2006 09:50

OPEN Business Club AG – Premium Group Agreement with Fortune 50 Company

Ad hoc announcement transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. —————————————————————————— OPEN Business Club AG – Premium Group Agreement with Fortune 50 Company Hamburg, November 29, 2006 OPEN Business Club AG has entered into an agreement with one of the 50 largest US companies regarding the setup and operation of a Premium Group for their alumni and employee network on the XING platform. The agreement entitles the partner to distribute over an initial period of three years a certain number of Premium Memberships at its own discretion and to purchase additional one-year Premium Memberships in bulk at a reduced price. OPEN Business Club AG receives a one-time fee for setting up the Premium Group on the XING platform as well as a yearly fee for its operation and related services. This agreement also forms the basis for additional arrangements with regional entities within the partner’s group. Additional Information: ISIN: DE000XNG8888 German Securities Code Number (WKN): XNG888 Listing application: Official Market / Prime Standard; Frankfurter Stock Exchange Registered Office: Germany Press Contact: Daniela Hinrichs VP Corporate Communications Gänsemarkt 43 20354 Hamburg Tel. +49 40 419131-19 Fax +49 40 419131-11 daniela.hinrichs@xing.com Disclaimer: This press release constitutes neither an offer to sell nor a solicitation to buy any securities. The offer is being made solely by means, and on the basis of the prospectus, published on the website of OPEN Business Club AG under www.xing.com/ir and held available free of charge at OPEN Business Club AG and at the Underwriters. This press release does not constitute an offer of securities for sale or a solicitation of an offer to purchase securities in the United States of America. The shares in OPEN Business Club AG (the ‘Shares’) may not be offered or sold in the United States or to or for the account or benefit of ‘U.S. persons’ (as such term is defined in Regulation S under the U.S. Securities Act of 1933, as amended (the ‘Securities Act’)) absent registration or an exemption from registration under the Securities Act. Any public offering of securities to be made in the United States would be made by means of a prospectus that could be obtained from the Company and that would contain detailed information about the Company and management, as well as financial statements. The Shares have not been and will not be registered under the Securities Act. (c)DGAP 29.11.2006 ————————————————————————— Language: English Issuer: OPEN Business Club AG Gänsemarkt 43 20354 Hamburg Deutschland Phone: +49 (0)40 419 131-10 Fax: +49 (0)40 419 131-11 E-mail: investor-relations@xing.com WWW: www.xing.com ISIN: DE000XNG8888 WKN: XNG888 Indices: Listed: Amtlicher Markt in Frankfurt (Prime Standard) Notierung vorgesehen / designated to be listed End of News DGAP News-Service —————————————————————————