DGAP-News 551 0 Kommentare TOMORROW FOCUS AG sells subsidiary Cellular GmbH in management buy-out deal

DGAP-News: TOMORROW FOCUS AG / Key word(s): Disposal
TOMORROW FOCUS AG sells subsidiary Cellular GmbH in management buy-out
deal

24.11.2014 / 09:16

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Corporate News

TOMORROW FOCUS AG sells subsidiary Cellular GmbH in management buy-out deal

Munich, Germany, 24 November 2014 - TOMORROW FOCUS AG, one of Germany's
leading stock exchange-listed Internet groups, has sold its wholly-owned
subsidiary CELLULAR GmbH, a full-service agency for the mobile Internet,
apps and smart TV, to Cellular's founders and managing directors Birger
Veit und Roman Kocholl. The sale will be effective on 1 December 2014. The
purchase price is subject to a confidentiality agreement.

In line with its new strategic focus, TOMORROW FOCUS AG has chosen to
concentrate on end-user business models (B2C) in its Travel, Publishing and
Subscription segments, hence the decision to accept a buy-out offer from
the managing directors of Cellular GmbH, which specialises in business
customers.

Cellular GmbH is based in Hamburg, Germany and Vienna, Austria. In the
financial year 2013 its total revenue was around EUR 8 million.

About TOMORROW FOCUS AG

TOMORROW FOCUS AG (ISIN DE005495329) is based in Munich, Germany, and is
one of the leading exchange-listed Internet groups in Germany. The Group
has a workforce of around 750. On 1 January 2014, its business operations
were restructured into three new segments: Travel, Publishing and
Subscription.
The Travel segment includes HOLIDAYCHECK AG, which operates a number of
hotel review and travel booking portals by the same name; the travel
division of WEBASSETS B.V., which operates the ZOOVER hotel review portals;
and TOMORROW TRAVEL B.V., which operates the Dutch online travel agent
TJINGO.
The Subscription segment is made up of ELITEMEDIANET GmbH, which operates
the premium online dating agency ELITEPARTNER.de; JAMEDA GmbH, which
operates the physician ratings portal JAMEDA.de; and ORGANIZE.ME GmbH,
which operates an app-based document organisation and reminder system.
The Publishing segment includes TOMORROW FOCUS MEDIA GmbH, one of Germany's
leading digital marketing providers; TOMORROW FOCUS PUBLISHING GmbH, which
operates a number of Internet portals such as the news and utility
journalism site FOCUS Online; the news portal and platform for views and
blogs THE HUFFINGTON POST; the finance and stock market information portal
FINANZEN100; the parent portal NETMOMS; and the meteorological arm of
WEBASSETS B.V., which operates the METEOVISTA and WEERONLINE weather
portals.

Media and Investor Relations contact:
TOMORROW FOCUS AG
Armin Blohmann
Neumarkter Strasse 61
81673 München
Germany

phone +49 (0)89 9250 1256
fax +49 (0)89 9250 2403

email a.blohmann@tomorrow-focus.de
www.tomorrow-focus.de

http://twitter.com/tomorrowfocus
http://facebook.de/tomorrowfocus
http://youtube.com/tomorrowfocus

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24.11.2014 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: TOMORROW FOCUS AG
Neumarkter Str. 61
81673 München
Germany
Phone: +49 (0)89 9250-1256
Fax: +49 (0)89 9250-2403
E-mail: a.blohmann@tomorrow-focus.de
Internet: www.tomorrow-focus.de
ISIN: DE0005495329
WKN: 549532
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
München, Stuttgart

End of News DGAP News-Service
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298721 24.11.2014