freenet AG

Business and Financial Review • Jun 13, 2001

News Details

Ad-hoc | 13 June 2001 08:06

freenet.de AG english

Ad hoc announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– freenet.de, Orion and Audiofon set up new Internet company: Fundorado GmbH New fee-based Internet portal in the high-turnover erotica segment freenet.de AG / Hamburg – freenet.de has joined forces with the Orion Holding International GmbH and the Audiofon GmbH to found a new Internet venture: the Fundorado GmbH. The objective is to build a fee-based Internet portal in the high-turnover erotica sector. Thus, the www.fundorado.de business model includes – beyond a free area that is accessible for all users-an exclusive, closed area for which users pay a fixed monthly access fee. The Federal Cartel Office has already investigated and authorized the founding of the Fundorado GmbH as part of its merger control proceedings. All parties have an equal stake in the joint venture. By providing a high level of technical performance and quality content, such as videos, chat, forums, web-cams and a number of other interactive services, the fundorado.de erotica portal will offer considerable added value over existing erotica online portals. Fundorado bundles the strengths of all its joint venture partners: freenet.de delivers all technical components and the Internet skills; Orion, as one of Germany’s biggest erotica distributors, will contribute its erotic content along with its high-quality products and a sophisticated logistics system; and Audiofon, a leading added-value service provider in the telephony sector, will handle the web-cam and live-show technology. Fundorado will appeal to an enormous target audience on the Internet. According to a current Netvalue study, 33.4 percent of German Internet users alone regularly access sex and erotica sites on the Internet. Besides, Fundorado is in the unique position of being able to directly approach Orion’s 3.5 million addresses and freenet.de’s approximately 3 million members. “We will revolutionize the Internet erotica market with Fundorado. Our innovative concept will allow us to take the lead in this extremely high- turnover market very soon,” says Eckhard Spoerr, CEO of the freenet.de AG, Hamburg. end of ad hoc announcement (c) DGAP 13.06.2001 ——————————————————————————– WKN: 579200; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, München, Stuttgart, Hannover 130806 Jun 01