KPS AG — Board/Management Information 2002

Aug 2, 2002

News Details

Ad-hoc | 2 August 2002 16:19

HAITEC AG english

Haitec changes stock exchange segment and restructures its management Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Haitec changes stock exchange segment and restructures its management Following the unanimous decision of the Board of Management and the Supervisory Board, the IT service provider Haitec AG, quoted at the Neue Markt, has filed an application for the trading of the Haitec stock on the Regulated Market as of September 1, 2002. Decisive for the segment change were the high costs amounting to more than 300,000 Euros annually, a low trading volume as well as the continuing crisis of confidence surrounding the Neue Markt. According to the corporation, the overall bad image of the Neue Markt negatively affects both the share rate as well as the reputation of the company. After the segment change, Haitec AG expects to be increasingly evaluated according to its actual results and to gain new investors for the share. As already announced, the system house improved its EBIT in the first half of 2002 with sales of 22.85 million Euros by more than 4 million Euros to -2.84 million Euros and thus by approximately 60% compared to the previous year. New management structure The newly constituted Supervisory Board of Haitec AG and Wolfgang Gemmel, Chairman Sales and Marketing, who has taken over this position as of July 1 have parted in mutual consultation. Reinhard Pfleger, who has held various executive sales functions within Haitec AG for the last ten years, will assume responsibility for the control and strategic direction of the entire operational business. Herbert Walter, who has been Chairman Services so far, will give up this capacity and assume responsibility as General Manager Haitec Services GmbH, a subsidiary of Haitec AG, within the group. His task is to drive the expanded services portfolio company-wide, to directly influence the consulting services and thus effectively support the shift in direction and development of Haitec to become an IT Service Provider. Moreover, Herbert Walter is responsible for the integration of all associated companies within the group. Until further notice, Christian Ruppert, so far responsible for Finance and Administration, will be in charge for Haitec AG as a sole member of the Board of Management. This centralization of functions enables the precise control of future activities as well as an intensive cost management. Additionally, this step adjusts the Board of Management to the new corporate size. end of ad-hoc-announcement (c)DGAP 02.08.2002 ——————————————————————————– WKN: 600520; ISIN: DE0006005200; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 021619 Aug 02