NorCom Information Technolgoy GmbH & Co. KGaA

Regulatory Filings • Sep 30, 2002

News Details

Corporate | 30 September 2002 10:58

NorCom Info. Tech. AG english

NorCom stepping up focus on German-speaking core markets Corporate-news announcement sent by DGAP. The sender is solely responsible for the contents of this announcement. ——————————————————————————– – Sale of share in Live Network Security srl – Withdrawal from loss-making Italian business Munich, September 30, 2002 – NorCom Information Technology AG is systematically continuing the course announced at its annual general meeting of focusing its operating business on its German-speaking core markets. With the sale of its share in Live Network Security srl., Milan, it has now withdrawn from its loss- making Italian business. The share of 15% had already been written off in full at the end of 2001. “The sale of our share in Live marks a further step back to our core competence and our former profitability,” explains CEO Viggo Nordbakk. “At the moment, we are reviewing all our current foreign interests. And, as we have demonstrated with Live, we will not hesitate to jettison them if they do not meet our profitability requirements.” At the beginning of this year, the Munich-based secure e-business specialist realigned its German business and absorbed its wholly owned subsidiaries. In addition, as recently reported, NorCom has entered into an agreement with Dresdner Bank to reorganize the joint activities previously conducted via Irish joint venture DreTec Software Ltd. A guaranteed new order volume of EUR 6 – 7 million until the end of 2003 has been agreed upon. Of this amount, roughly EUR 4 – 5 million is to be handled by NorCom AG directly. “With these strategic decisions, we have created more streamlined and, above all, more cost-efficient processes, the effects of which will start showing up in our bottom line,” says Nordbakk confidently. Approx. 1,600 characters You can download this text straight from NorCom’s Website at: http://www.norcom.de/en/presse/pr_info_2002.htm With offices in Germany, Ireland, Norway and the United States, NorCom Information Technology AG is one of the leading solution providers for secure e- business. Listed on the Neuer Markt segment of the Frankfurt stock exchange (securities code number 525030), it offers European Top 100 customers individual consulting services and proprietary software solutions on a single-stop basis. Its range encompasses the development and operation of complex secure IT structures as well as the integration of business processes in secure e-business solutions. In addition, NorCom’s NGS product family offers security software for large heterogeneous client/server infrastructures, application server environments and modern netcentric web architectures. Its customers particularly include companies in the financial-services, telecommunications, industrial and public sectors. With its 290 employees, NorCom posted revenues of EUR 32.5 million in its fiscal year 2001. For further information please contact: NorCom Information Technology AG Christa Maurer (Corporate Communications) Stefan-George-Ring 23 – D-81929 Munich Phone +49-89-939 48 248 – Fax +49-89-939 48 123 press@norcom.de – http://www.norcom.de end of message, (c)DGAP 30.09.2002 ——————————————————————————– WKN: 525030; ISIN: DE0005250302; Index: Listed: Neuer Markt Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, München, Hannover und Stuttgart 301058 Sep 02