JoWooD Productions Software AG
Ad hoc-Service: JoWooD Prod. Software english
Ad hoc announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
——————————————————————————–
Press Release ——– Rottenmann, May 3rd, 2001
JoWooD continues Expansion Strategy
Take-Over of Leisuresoft
JoWooD Productions, listed at the Vienna Stock Exchange, and Infogrames have
signed a “Memorandum of Understanding” for the take-over of the well-known
German distributor Leisuresoft by JoWooD. The final contract is supposed to be
signed within the following weeks.
Leisuresoft was founded 14 years ago as an independent software distributor and
is one of the oldest and best-known companies with access to all relevant retail
outlets in Germany. Currently, Leisuresoft counts about 30 highly qualified
employees. JoWooD is taking over Leisuresoft, which was a subsidiary of Hasbro
Interactive Inc. – acquired by Infogrames at the beginning of this year. JoWooD
will take full advantage of Leisuresoft’s excellent position to immediately
distribute its products, such as the “IndustryGiant” successor.
This take-over means a significant expansion on JoWooD’s value added in the
German speaking market – the most important market for entertainment software in
Europe. JoWooD will now have entire control over development, publishing and
distribution of its products. Furthermore, additional synergies in Austria, the
Czech Republic, Hungary, Slovakia, Slovenia and Croatia will come into place –
mostly through recently consolidated Dynamic Systems. JoWooD has now secured
complete coverage of Central Europe; additional co-ops and the integration of
minor shareholders into Leisuresoft are expected to generate additional volume
respectively.
For further information contact:
Mag. Uwe Deisenhammer, CFO
Mag. Kristine Fessler-Brandl, Investor Relations
E-mail: investor@jowood.com
Phone: +43 3614-2966-0
Fax: +43 3614-2966-23
www.jowood.com
end of ad hoc announcement (c) DGAP 03.05.2001
——————————————————————————–
WKN: 074735; Index:
Listed: Amtlicher Handel in Wien; Freiverkehr in Berlin, Frankfurt, München,
Stuttgart
030803 Mai 01
Latest News
Latest Reports
No Reports found
Upcoming Events
No Events found
Webcasts
No Webcasts found