Cybernet: GV am 9. Okt. 2001 bestätigt - 500 Beiträge pro Seite

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SCHEDULE 14A INFORMATION SECURITIES

PROXY STATEMENT PURSUANT TO SECTION 14(A) OF THE
EXCHANGE ACT OF 1934 (Amendment No. )

Filed by the Registrant [_]

Filed by a Party other than the Registrant [_]

Check the appropriate box:

[_] Preliminary Proxy Statement [_] Soliciting Material Pursuant to
[_] CONFIDENTIAL, FOR USE OF THE (S)240.14a-11(c) or (S)240.14a-12
COMMISSION ONLY (AS PERMITTED
BY RULE 14A-6(E)(2))






[X] Definitive Proxy Statement
[_] Definitive Additional Materials


CYBERNET INTERNET SERVICES INTERNATIONAL, INC.

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(Name of Registrant as Specified In Its Charter)



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(Name of Person(s) Filing Proxy Statement, if Other Than the Registrant)


Payment of Filing Fee (Check the appropriate box):

[X] No fee required.
[_] Fee computed on table below per Exchange Act Rules 14a-6(i)(4) and 0-11.
1) Title of each class of securities to which transaction applies:



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2) Aggregate number of securities to which transaction applies:


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3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined):



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4) Proposed maximum aggregate value of transaction:


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5) Total fee paid:


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[_] Fee paid previously with preliminary materials:


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[_] Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the form or schedule and the date of its filing.
1) Amount previously paid:



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2) Form, Schedule or Registration Statement No.:


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3) Filing Party:


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4) Date Filed:


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Notes:



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[GRAPHIC REMOVED HERE]
Cybernet Internet Services International, Inc.


Stefan-George-Ring 19-23
81929 Munich, Germany
To the Stockholders of Cybernet
Internet Services International, Inc.

You are cordially invited to attend the 2001 Annual Meeting of Stockholders of Cybernet Internet Services International, Inc., a Delaware Corporation ("Cybernet" or "Company"), to be held at the Kuenstlerhaus Muenchen, Lenbachplatz 8, Munich, Germany, on Tuesday, October 9, 2001, at 11:00 a.m., local time. A Notice of Annual Meeting, a Proxy Statement, and a Proxy containing information about the matters to be acted upon at the annual meeting are enclosed.

At the Annual Meeting, you will be asked to (i) elect a Class B Director of Cybernet to serve until the 2003 Annual Meeting of Stockholders and elect 2 Class C Directors of Cybernet to serve until the 2004 Annual Meeting of Stockholders; (ii) approve the Cybernet 1998 Stock Incentive Plan; and (iii) ratify the appointment of Ernst & Young Deutsche Allgemeine Treuhand AG as corporate auditors for the 2000 and 2001 fiscal years.

The Board of Directors of Cybernet has fixed August 7, 2001 as the record date for the determination of stockholders entitled to receive notice of, and to vote at, the Annual Meeting. The formal notice of the meeting follows on the next page. Certain of the Company`s directors and officers are scheduled to be available before and after the meeting to speak with you. During the meeting, we will answer your questions regarding our business affairs and will consider the matters explained in the Notice and Proxy Statement that follow.

It is very important that your views be represented, whether or not you are able to attend the annual meeting. Accordingly, please complete, sign and date your proxy card and return it to us in the enclosed envelope as soon as possible. Returning your completed proxy card will not limit your right to vote in person if you attend the annual meeting.

Sincerely,



/s/ Andreas Eder

Andreas Eder
President, Chief Executive Officer
and Chairman of the Board





Munich, Germany
August 17, 2001



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[GRAPHIC REMOVED HERE]

Notice of Annual Meeting of Stockholders

to be held October 9, 2001


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NOTICE IS HEREBY GIVEN that the 2001 Annual Meeting of Stockholders of Cybernet Internet Services International, Inc., a Delaware corporation ("Cybernet" or "Company"), will be held at the Kuenstlerhaus Muenchen, Lenbachplatz 8, Munich, Germany, on Tuesday, October 9, 2001, at 11:00 a.m., local time, for the following purposes:

(1) To elect a Class B Director to serve for a three-year term expiring at the 2003 Annual Meeting of Stockholders and to elect 2 Class C Directors to serve for a three-year term expiring at the 2004 Annual Meeting of Stockholders.

(2) To approve the Cybernet 1998 Stock Incentive Plan.

(3) To ratify the appointment of Ernst & Young Deutsche Allgemeine Treuhand AG as corporate auditors for the 2000 and 2001 fiscal years.

(4) To transact such other business as may properly come before the meeting or any adjournment thereof.

The Board of Directors has fixed the close of business on August 7, 2001 as the record date for the determination of the holders of shares of Common Stock and Series B Preferred Stock entitled to notice of and to vote at the 2001 Annual Meeting of Stockholders.

By Order of the Board of Directors



/s/ Andreas Eder


Andreas Eder
President, Chief Executive Officer and
Chairman of the Board





Munich, Germany
August 17, 2001

WHETHER OR NOT YOU PLAN TO ATTEND THE MEETING, PLEASE MARK, DATE AND SIGN THE ENCLOSED PROXY AND RETURN IT PROMPTLY IN THE ENCLOSED ENVELOPE IN ORDER THAT YOUR SHARES MAY BE REPRESENTED AT THE MEETING. NO POSTAGE IS NEEDED IF MAILED IN THE UNITED STATES.



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CYBERNET INTERNET SERVICES INTERNATIONAL, INC.
Stefan-George-Ring 19-23
81929 Munich, Germany


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PROXY STATEMENT FOR 2001 ANNUAL MEETING OF SHAREHOLDERS


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VOTING AND GENERAL INFORMATION
The enclosed proxy is solicited by the Board of Directors of Cybernet Internet Services International, Inc., a Delaware corporation ("we" or "Company"), in connection with the 2001 Annual Meeting of Stockholders to be held at the Kuenstlerhaus Muenchen, Lenbachplatz 8, Munich, Germany, on October 9, 2001, at 11:00 a.m., local time, or any adjournment thereof (the "Annual Meeting"). The Company`s Annual Report to Stockholders for the fiscal year ended December 31, 2000 accompanies this Proxy Statement. This Proxy Statement and the accompanying Notice of Annual Meeting of Stockholders and the enclosed proxy card were first sent or given to stockholders of the Company on or about August 17, 2001.

Holders of record of the Company`s Common Stock, par value $.001 per share (the "Common Stock") and Series B Preferred Stock, par value $.001 per share (the "Series B Preferred Stock") as of the close of business on August 7, 2001 will be entitled to vote at the Annual Meeting, and each holder of record of Common Stock or Series B Preferred Stock on such date will be entitled to one vote for each share of Common Stock or Series B Preferred Stock held. As of August 7, 2001, there were approximately 26,495,448 shares of Common Stock and no shares of Series B Preferred Stock outstanding.

Shares of Common Stock cannot be voted at the Annual Meeting unless the beneficial owner is present or represented by proxy. Any stockholder giving a proxy may revoke it at any time before it is voted by giving written notice of revocation to the Company, c/o Andreas Eder, President, Chief Executive Officer and Chairman of the Board, at the address shown above, or by executing and delivering prior to the Annual Meeting a proxy bearing a later date. Any stockholder who attends the Annual Meeting may revoke a previously submitted proxy by voting his or her shares of Common Stock in person.

All properly executed proxies, unless previously revoked, will be voted at the Annual Meeting in accordance with the directions given. With respect to the election of a Class B Director to serve until the 2003 Annual Meeting of stockholders and the election of a Class C Director to serve until the 2004 Annual Meeting of Stockholders (the "Election Proposals"), stockholders of the Company voting by proxy may vote in favor of the nominee or may withhold their vote for the nominee.

The by-laws of the Company (the "By-Laws") provide that 40% of the outstanding shares of each class of Common Stock and Series B Preferred Stock entitled to vote on a given matter must be represented in person or by proxy at the Annual Meeting in order to constitute a quorum for the transaction of business. Abstentions and broker non-votes will be counted for purposes of determining the existence of a quorum at the Annual Meeting.


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The nominees for election as Class B Director and Class C Directors will be elected by the affirmative vote of a plurality of the shares of Common Stock, present in person or by proxy and actually voting at the Annual Meeting. Abstentions and broker non-votes will have no effect on the outcome of the voting to elect the Class B Director nominee and Class C Director nominees. A broker non-vote may occur when a nominee holding shares of Common Stock for a beneficial owner does not vote on a proposal because such nominee does not have discretionary voting power and has not received instructions from the beneficial owner.
Except for dollar amounts taken from the Company`s financial statements contained in the Form 10-K for fiscal years ended 2000 and 1999, all dollar amounts have been converted from Deutsche Marks to U.S. Dollars at the exchange rate indicated where applicable.


PROPOSAL 1

ELECTION OF CLASS B DIRECTOR
AND CLASS C DIRECTORS
The Company currently has 5 directors. In accordance with the terms of the Company`s Certificate of Incorporation and Bylaws, the terms of office of the Board of Directors are divided into three classes: Class A, whose term will expire at the annual meeting of stockholders to be held in 2002; Class B, whose term will expire at the annual meeting of stockholders held in 2003; and Class C, whose term will expire at the Annual Meeting. The Class A directors are Dr. Hubert Besner and Robert Fratarcangelo. The Class B director is G. W. Norman Wareham. The Class C directors are Andreas Eder and Tristan Libischer. At each annual meeting of stockholders, the successors to directors whose terms expire at that annual meeting will be elected to serve from the time of the annual meeting until the third annual meeting following their election and until their successors are duly elected and qualified. Any additional directorships resulting from an increase in the number of directors will be distributed among the three classes so that, as nearly as possible, each class will consist of one-third of the directors.

There is currently a Class B vacancy on the Board of Directors. The remaining directors intend to fill that vacancy when an appropriate candidate is selected. The Class B director so elected will hold office for the remainder of the full term of Class B directors and until such director`s successor shall have been duly elected and qualified. However, no nominee to fill the Class B vacancy has been selected to date and the Board of Directors does not intend to present such a nominee at the Annual Meeting. The Proxy relating to the election of a Class B Director cannot be voted for more than the one nominee for Class B Director named below.

The Board of Directors nominated G. W. Norman Wareham for re-election as Class B Director at the 2000 annual meeting of stockholders, which was originally scheduled to be held on September 13, 2000. However, the 2000 annual meeting of stockholders and subsequent attempts to hold such meetings were adjourned due to an absence of a stockholders quorum at the meetings. On February 22, 2001, the Board of Directors amended the By-Laws in order to reduce the percentage of outstanding shares of Common Stock and Series B Preferred Stock constituting a quorum for the transaction of business at a meeting of stockholders from 51% to 40%. Mr. Wareham currently is a member of the Board of Directors and has consented to continue to serve as Director if elected. Accordingly, the Board of Directors has nominated Mr. Wareham for re-election as Class B Director at the Annual Meeting. If elected at the Annual Meeting, Mr. Wareham will serve until the 2003 annual meeting of stockholders and until the election and qualification of his successor or until his earlier death, resignation or removal.


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The Board of Directors has nominated Andreas Eder and Dr. Paolo di Fraia for re-election as Class C Directors at the Annual Meeting. Messrs. Eder and di Fraia currently are members of the Board of Directors and have consented to serve as Directors if elected. If elected at the Annual Meeting, Messrs. Eder and di Fraia will serve until the 2004 annual meeting of stockholders and until the election and qualification of their successors or until their earlier death, resignation or removal.
Voting Information with Regard to the Election Proposal

It is the intention of the persons named as proxies to vote the proxies FOR the election to the Board of Directors of the nominees named above, unless a stockholder directs otherwise. In the event that a vacancy arises prior to the Annual Meeting, the proxy may be voted for a substitute nominee designated by the Board of Directors.

The affirmative vote of a plurality of the votes cast by the holders of the Common Stock present in person or by proxy and actually voting at the Annual Meeting will be required to elect the nominees as Directors of the Company for three year terms. Abstentions and broker non-votes will have no effect on the outcome of the voting to elect the Director nominees.

Director and Director Nominee Information

Set forth below is information concerning the nominees to be elected at the Annual Meeting, as well as certain information concerning the Directors whose terms extend beyond the Annual Meeting. Set forth below with respect to each Director or Director nominee is his name, age, principal occupation and business experience for the past five years and length of service as a Director.

Nominee for Class B Director to be Elected at the Annual Meeting

G.W. Norman Wareham ................. Age: 47

Mr. Wareham has been one of our Directors since May 1997. Mr. Wareham is a director of Widepoint Corporation (formerly, ZMAX Corporation) and has served in this capacity since September, 1996. He has been the President of Wareham Management Ltd. since May 1996. Mr. Wareham is currently a director and officer of Quantum Power Corporation, ASP Ventures Corp., Bullet Environmental Technologies, Inc., Solar Energy Limited, ImuMed International, Inc., and San Antonios Resources, Inc. and has served in these capacities since December 1998, April 1999, March 1999, May 1997, November 1998 and February 1998, respectively. Mr. Wareham has also been a director of two Canadian public companies, Anthian Resources Corporation and Orko Gold Corporation, both of which he has resigned from during 2000. From June 1995 to January 1996, Mr. Wareham was an accountant with the certified general accounting firm of Wanzel, Sigmund, & Overes. From April 1993 to February 1995, Mr. Wareham served as President and Chief Executive Officer of Transatlantic Financial Corp., a private investment banking company. From August 1986 to March 1993, Mr. Wareham was the proprietor of Wareham & Company, providing accounting and management consulting services.

Nominees for Class C Directors to be Elected at the Annual Meeting

Andreas Eder ........................ Age: 41

Mr. Eder, a co-founder of Cybernet AG, has been Head of the Management Board of


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Cybernet AG since its formation in December 1995 and has been our Chairman of the Board of Directors, President and Chief Executive Officer since we acquired Cybernet AG in 1997. Before founding Cybernet AG, Mr. Eder held management positions with The Boston Consulting Group from April 1991 to October 1995 and Siemens-Nixdorf from April 1986 to March 1991. Mr. Eder holds a Masters degree in Business Administration from the University of Munich.
Dr. Paolo di Fraia .................. Age: 40

Dr. di Fraia has been our Chief Financial Officer since June 2000 and the Vice President International and Managing Director of Cybernet Italia since June 2000. From March 1998 to March 2000, Dr. di Fraia was Managing Director (Europe) of Destia Communications, Inc. From September 1994 to February 1998, he was Finance Director (Europe ) of Viatel, Inc. From April 1989 to August 1994, he was the Financial Controller (Europe) of Philip Crosby Associates and from January 1985 to March 1989 he practiced public accounting in Turin, Italy with the firm of Ernst & Whinney. Dr. di Fraia holds a doctorate in finance, economics and trade from the University of Salerno.

Directors Continuing in Office

Class A Directors - Term Expiring 2002

Hubert Besner ....................... Age: 38

Dr. Besner has been one of our Directors since 1997 and has been a member of the Supervisory Board of Cybernet AG since February 1996. From January 2001 to the present, he has been a partner in the law firm of Brobeck Hale and Dorr in Munich. From April 1994 to December 2000, he was a partner in the law firm of Besner Kreifels Weber in Munich, Germany. He is currently a director of Marine Shuttle Operations, Inc., a member of the Supervisory Board of Schueller Industrieentsorgung AG, Typhoon Networks AG and IPO Beteiligungen. Dr. Besner received his First State Exam in law from Ludwig-Maximilians-Universitat in 1986, and his doctorate magna cum laude form Ludwig-Maximilians-Universitat in 1988.

Robert Fratarcangelo ................ Age: 62

Mr. Fratarcangelo has been our Secretary since May 1999, and has been one of our Directors since September 1997. Since September 1996, he has been the President and Chief Executive Office of Criminal Investigative Technology, Inc. From 1993 to 1996, Mr. Fratarcangelo was a District Manager at EMC/2/, Inc. From 1998 to 1993, Mr. Fratarcangelo was Vice President, Federal Sales at Teradata and Digital Communications Associates. Previously, Mr. Fratarcangelo held various positions at IBM. Mr. Fratarcangelo has a Bachelors Degree in Political Science from the State University of New York.

The Board of Directors recommends that you vote "FOR" the election of the nominee for Class B Director named above and "FOR" the election of the nominees for Class C Directors named above.


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Beneficial Security Ownership of Certain Beneficial Owners and Management
The following table sets forth certain information as of August 6, 2001 regarding the amount of Common Stock and Series B Preferred Stock beneficially owned by

(i) all persons known to us who beneficially own more than 5% of the outstanding Common Stock or Series B Preferred Stock, as the case may be;
(ii) each of our directors with respect to the equity securities held by such directors;
(iii) each of our executive officers named in the Summary Compensation Table with respect to the equity securities held by such executive officer; and
(iv) all of our current executive officers and directors as a group with respect to the equity securities held by such executive officers and directors.

Stock ownership information has been furnished to us by such beneficial owners or is based upon filings made by such owners with the Securities and Exchange Commission (the "Commission"). As of August 6, 2001, there were 26,495,448 shares of Common Stock and no shares of Series B Preferred Stock issued and outstanding.




Approximate
Shares Beneficiary Owned Percentage of Class
Name Common Stock Common Stock

Executive Officers
And Directors
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Andreas Eder................ 1,755,876 (1) 6.58%
Stefan-George-Ring 19
81929 Munich, Germany

Tristan Libischer........... 266,658 (2) 1.00%
Mariannengasse 14
1090 Vienna, Austria

Bernd Buchholz.............. 253,008 (3) *
Am Muehlenbach 19
40670 Meerbusch, Germany

Dr. Paolo di Fraia.......... 172,768 (4) *
Stefan-George-Ring 19
81929 Munich, Germany

Thomas Stoek................ 24,997 (5) *
Stefan-George-Ring 19
81929 Munich, Germany

Hubert Besner............... 13,761 (6) *
Maximilianstrasse 31
80539 Munich, Germany

G.W. Norman Wareham......... 12,500 (7) *
1177 West Hastings Street
Suite 1818
Vancouver, B.C., Canada V6E 2K3

Robert Fratarcangelo........ 12,500 (8) *
10842 Oak Crest
Fairfax, Virginia 22030





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Approximate
Shares Beneficiary Owned Percentage of Class
Name Common Stock Common Stock

Executive Officers
And Directors
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All executive officers and
Directors as a group......... 2,512,068 9.39%
(8 persons)


Principal Stockholders,
Other than Executive
Officers and Directors
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Holger Timm................. 7,758,996 (9) 29.28%
Trabner Strasse 12
14193 Berlin, Germany

Cybermind Interactive Europe, AG 6,477,396 24.44%
Am Borsigturm 48
13507 Berlin, Germany







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*Indicates less than 1% beneficial ownership
(1) Includes 275,250 shares of Common Stock held by Mr. Eder`s spouse. She has sole investment and sole voting power over all shares of Common Stock held by her, and Mr. Eder disclaims beneficial ownership of any of the shares held by her. Includes options to purchase 195,543 shares of Common Stock under the Company`s Incentive Plan which will become exercisable on October 6, 2001. Does not include options to purchase 284,457 shares of Common Stock under the Company`s Incentive Plan, which become exercisable on certain dates after October 6, 2001.

(2) Includes options to purchase 116,658 shares of Common Stock under the Company`s Incentive Plan which will become exercisable on or before October 6, 2001. Does not include options to purchase 83,342 shares of Common Stock under the Company`s Incentive Plan which become exercisable on certain dates after October 6, 2001.

(3) Includes 8,053 shares of Common Stock held by Mr. Buchholz`s spouse. She has sole investment and sole voting power over all shares held by her, and Mr. Buchholz disclaims beneficial ownership of any of the shares held by her. Includes options to purchase 195,543 shares of Common Stock under the company`s Incentive Plan which became exercisable on or before October 6, 2001. Does not include options to purchase 284,457 shares of Common Stock under the Company`s Incentive Plan, which become exercisable on certain dates after October 6, 2001.

(4) Includes options to purchase 167,768 shares of Common Stock under the Company`s Incentive Plan which became exercisable on or before October 6, 2001. Does not include options to purchase 378,232 shares of Common Stock under the Company`s Incentive Plan, which become exercisable on certain dates after October 6, 2001.

(5) Includes options to purchase 24,997 shares of Common Stock Incentive Plan which became exercisable on or before October 6, 2001. Does not include options to purchase 75,000 shares of Common Stock under the Company`s Incentive Plan, which become exercisable on certain dates after October 6, 2001.

(6) Includes 1,261 shares of Common Stock held by Dr. Besner`s spouse who has sole voting and investment power with respect to such shares. Dr. Besner disclaims beneficial of any of the shares held by her. Includes options to purchase 12,500 shares of Common Stock under the Company`s Incentive Plan which became exercisable on or before October 6, 2001.

(7) Includes options to purchase 12,500 shares of Common Stock under the Company`s Incentive Plan which became exercisable on or before October 6, 2001.

(8) Includes options to purchase 12,500 shares of Common Stock under the Company`s Incentive Plan which became exercisable on or before October 6, 2001.

(9) Mr. Timm can be deemed to control Cybermind as a result of his position as Chief Executive Officer and Head of the Managing Board and principal shareholder. Includes 6,477,396 shares of Common Stock held by Cybermind.


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Compliance with Section 16(a) of the Securities Exchange Act of 1934
Section 16(a) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), requires our Directors, executive officers and persons who beneficially own more than 10% of the Common Stock or the Series B Preferred Stock to file with the Commission initial reports of beneficial ownership and reports of changes in beneficial ownership of such Common Stock or Series B Preferred Stock. Directors, executive officers and beneficial owners of more than 10% of the Common Stock or Series B Preferred Stock are required by Commission rules to furnish us with copies of all such reports. To our knowledge, based solely upon a review of the copies of such reports furnished to us, all Section 16(a) filing requirements applicable to our Directors and executive officers have been complied with since we registered under the Exchange Act on March 31, 1999.

Board of Directors` Meetings and Attendance

During fiscal year 2000, the Board of Directors of the Company held a total of 8 meetings. All members of the Board of Directors have attended at least 75% of the meetings.

Committees of the Board of Directors

The Board of Directors has three committees: an Executive Committee, an Audit Committee and a Compensation Committee. The Committees were created contemporaneously with the Company`s reincorporation in Delaware.

The Executive Committee consists of Andreas Eder and Hubert Besner. The Executive Committee did not meet during the last fiscal year. The Executive Committee has authority to act on the same matters as the Board of Directors when the Board of Directors is not available.

The Audit Committee consists of Robert Fratarcangelo and G.W. Norman Wareham. The Audit Committee met two times during the last fiscal year. The Audit Committee reviews the Company`s accounting processes, financial controls and reporting systems, as well as the selection of the Company`s independent auditors and the scope of the audits to be conducted.

The Compensation Committee consists of Robert Fratarcangelo, Hubert Besner and G.W. Norman Wareham. The Compensation Committee met two times during the last fiscal year. The Compensation Committee reviews executive compensation and organization structure. The Compensation Committee also administers the Company`s Incentive Plan and the Company`s 1998 Outside Director`s Stock Option Plan. Except for Mr. Fratarcangelo who was elected Secretary of the Company in May 1999, none of the members of the Compensation Committee is currently, or has been at any time since the formation of the Company or its predecessor, an officer or employee of the Company or its predecessor.

Cash Compensation of Outside Directors

Directors, who are not also employees of the Company ("Outside Directors"), receive $15,000 annually (the "Annual Director Fee") and are reimbursed for out-of-pocket expenses incurred in connection with their service on the Board of Directors. Each Outside Director can elect to receive his Annual Director Fee in cash, stock options or a combination thereof. If an Outside Director elects to receive options, they will be granted pursuant to the Company`s Directors` Stock Option Plan, which is described below.


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1998 Outside Directors` Stock Option Plan
The Company maintains the 1998 Outside Directors` Stock Option Plan ("Directors` Plan") for the purpose of granting options to Outside Directors electing to receive them. The Board of Directors has reserved 150,000 shares of Common Stock for issuance pursuant to awards that may be made under the Directors` Plan, subject to adjustment as provided therein. The number of shares of Common Stock associated with any forfeited option are added back to the number of shares that can be issued under the Directors` Plan. As of the date of this Proxy Statement, 15,000 options have been granted under the Directors` Plan.

Only Outside Directors are eligible to participate in the Directors` Plan. In lieu of receiving annual Director`s fees in cash, each Director who is not an employee may elect to receive all or a portion of his fees in stock options. Each Outside Director must make an election on or before January 1 of the year in which the election is to be made or by such other date as determined by the committee administering the Directors` Plan. The value of the stock options will be determined pursuant to the Black-Sholes method, and the options will be fully vested at the date of grant. Each option granted pursuant to the Directors` Plan will be evidenced by an agreement and will be subject to additional terms as set forth in the agreement. The Directors` Plan was effective on November 16, 1998 and will continue to be effective until the earlier of ten (10) years after the effective date of the Directors` Plan or until terminated by the Board of Directors.

Executive Officers

Executive officers are elected by the Board of Directors following each annual meeting of stockholders to serve for a term set by the Board of Directors and until their successors are duly elected and qualified. Our current executive officers are listed below, together with their age, positions with the Company and business experience for the past five years.

Andreas Eder ..................... Age: 41

See "Director and Director Nominee Information - Directors Continuing in Office" under Proposal 1 above.

Bernd Buchholz.................... Age: 49

Mr. Buchholz joined the Company as Executive Vice President Sales and Marketing in November 1999. From July 1998 to October 1999, Mr. Buchholz was Chief Executive Officer and a major stockholder of Novento Telecom AG. From June 1997 to June 1998, Mr. Buchholz was Managing Director Germany for Espirit Telecom GmbH (GTS Global Telesystems Group). From October 1996 to May 1997, Mr. Buchholz was Vice President Europe for Novadigm Inc. From April 1995 to September 1996, Mr. Buchholz was Chief Executive Officer and owner of Beki GmbH. From June 1993 to March 1995, Mr. Buchholz was Managing Director for Symantec Europe and from February 1989 to May 1993 Mr. Buchholz was Vice President Europe and Managing Director for Novell Europe.

Paolo di Fraia ................... Age: 40

See "Director and Director Nominee Information - Directors Continuing in Office" under Proposal 1 above.

Robert Fratarcangelo .............. Age: 61


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See "Director and Director Nominee Information - Directors Continuing in Office" under Proposal 1 above.
Tristan Libischer ................. Age: 32

Mr. Libischer has been one of our Directors since February 1999. He is a co-founder of Vianet Telekommunikations AG ("Vianet") and has been a Managing Director of Vianet since September 1994. From February 1992 to August 1994, Mr. Libischer held various positions with BARK Computerhandelgesellschaft mbH & Co. KG ("BARK Computer"). From November 1990 to January 1992, Mr. Libischer was a senior consultant and sales engineer with 3C Group Computerhandelsgesellschaft mbH ("3C Group").

Thomas Stoek ...................... Age: 37

Mr. Stoek joined Cybernet in January 2001 as Vice President Internet Data Center and a member of the Management Board of Cybernet AG. From 1997 to December 2000, Mr. Stoek was Managing Director of Guardian IT. In this role he was responsible for the development of a Joint Venture with Debis Systemhaus. Prior to that, Mr. Stoek was employed as Sales Manager for Seagate Software responsible for the central European Market.

Ferdinand Leitner ................. Age: 55

Mr. Leitner has been employed by the Vianet Telekommunikations AG as Chairman of the Board of Directors Austria since July 2001. From April 1998 to June 2000, he was Director of Sales and from July 2000 to June 2001 was Vice President Websolutions at Eunet/KPNQuest, Vienna. From October 1996 to March 1998, Mr. Leitner was Manager of the business area "Solutions and Consulting" with Externa Systemhaus Ges.m.b.H., Vienna and Salzburg.

Georg Chytil ...................... Age: 34

Mr. Chytil has been employed by Vianet Telekommunikations AG as Technical Director Austria since July 2001. At KPNQuest Austia GmbH, Vienna, he was Director of Engineering & Technical Operations from April 2000 to June 2001. From March 1996 to March 2000, Mr. Chytil was Manager Technical Operations at EunetEDVDienstleistungsGmbH, Vienna.

Family Relationships Between Certain Directors and Executive Officers

No family relationship exists between any director or executive officer and any other director or executive officer.

Compensation Committee Interlocks and Insider Participation in Compensation Decisions

No executive officer of the Company serves as a member of the board of directors or compensation committee of any entity that has one or more executive officers serving on the Company`s Board of Directors or Compensation Committee.

Executive Compensation

Our compensation program for executive management includes base salaries, annual performance-based incentive bonus plans, and stock option plans. The compensation of each


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executive officer was established by the Board of Directors acting upon the recommendations of the Compensation Committee. See "Compensation Committee Report on Executive Compensation" below.
The following table sets forth the annual long-term and other compensation for our Chief Executive Officer and our other most highly compensated executive officers during the last fiscal year ("Named Executives"), as well as the total annual compensation paid to each individual for the two previous fiscal years.

Each of the persons listed has or had an employment contract with us calling for the payment of an annual bonus if certain performance standards are achieved. No bonus was paid in the years listed.


Summary Compensation Table




Annual Long-Term
Compensation Compensation
------------
Securities
Underlying All
Fiscal Optional Other
Name and Principal Position Year Salary ($) (1) SARs (#) Compensation ($)(1)
--------------------------- ---- -------------- -------- -------------------


Andreas Eder (2) 2000 143,801 280,000 41,664
Chairman, President and Chief Executive 1999 115,041 200,000 0
Officer; Head of Management Board of 1998 115,041 100,000 0
Cybernet AG 1997 38,347 0 0

Tristan Libisher (3) 2000 102,258 200,000 30,577
Director, Co-Founder of Vianet and Member of 1999 102,258 200,000 35,791
Management Board of Vianet 1998 50,703 0 0
1997 N/A N/A N/A

Bernd Buchholz (4) 2000 143,801 280,000 41,664
Executive Vice President for Sales and 1999 19,174 200,000 0
Marketing; Member of the Management Board of 1998 N/A N/A N/A
Cybernet AG 1997 N/A N/A N/A

Paolo Vittorio di Fraia (5) 2000 95,724 280,000 29,282
Vice President International and Chief 1999 N/A N/A N/A
Financial Officer; Managing Director - Italy 1998 N/A N/A N/A
1997 N/A N/A N/A








--------------------------------------------------------------------------------

(1) Indicated amounts are translated into U.S. Dollars at an exchange rate of
1.95583 DM for each U.S. Dollar unless otherwise indicated.

(2) Mr. Eder became an executive officer of Cybernet in September 1997. As a result, the information presented for fiscal year 1997 represents payments made from September 1, 1997 through December 31, 1997. Mr. Eder is entitled to receive an annual salary of DM 300,000 or Euro 153,388.

(3) Mr. Libischer joined Cybernet in June 1998. The information presented for fiscal year 1998 represents payments made from June 1, 1998 through December 31, 1998. In 1999, Mr. Libischer is entitled to receive an annual salary of DM 200,000 or Euro 102,358 and a bonus of DM 70,000 or Euro 35,790.


10


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(4) Mr. Buchholz joined the Company in November 1999. The information presented for fiscal year 1999 represents payments made from November 1, 1999 through December 31, 1999. Mr. Buchholz is entitled to receive an annual salary of DM 300,000 or Euro 153,388.
(5) Dr. Di Fraia joined the Company in June 2000. The information presented for fiscal 2000 represents payments made from June 1, 2000 through December 31, 2000. Dr. Di Fraia is entitled to receive an annual salary of DM 300,000 or Euro 153,388 and a bonus of DM 100,000 or Euro 51,129 if certain performance standards are achieved.

1998 Stock Incentive Plan

The Company maintains the Cybernet Internet Services International, Inc. 1998 Stock Incentive Plan (the "Incentive Plan"). The Board of Directors has reserved 4,000,000 shares of Common Stock for issuance pursuant to awards that may be made under the Incentive Plan, subject to adjustment as provided therein. The Incentive Plan allows for the grant of incentive stock options, non-qualified stock options, stock appreciation rights, stock awards, dividend equivalent rights, performance units and phantom shares. For a description of the Incentive Plan, see "1998 Stock Incentive Plan" under Proposal 2 below.

Option Grants in Last Fiscal Year

The following table provides information on options to purchase Common Stock that were granted to the Named Executives and directors during fiscal year 2000.


11


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Potential Realizable Value at
Assumed Annual Rates of
Stock Price Appreciation for
Individual Grants Option Term
----------------------------------------------------------------------------------------- ------------------------------

Number of Percent of Total
Securities Options/SARs
Underlying Granted to Exercise
Options/SARs Employees Base
Granted in Fiscal Price Expiration
Name (#) Year ($/Share) Date 5% ($) 10% ($)
--------------- --------------- ----------------- --------- ----------- ------- --------

Andreas Eder 80,000 6.47% $4.1926 8/31/10 0 28,592
Chairman, President
and Chief Executive
Officer; Member of
the Management Board
of Cybernet AG

Bernd Buchholz 80,000 6.47% $4.1926 8/31/10 0 28,592
Executive Vice
President for Sales
and Marketing;
Member of the

Management Board of
Cybernet AG

Paolo V. Di Fraia 200,000 16.19% $8.1949 05/31/10 0 0
Chief Financial 80,000 6.47% $4.1926 08/31/10 0 28,563
Officer; Managing
Director - Italy

Eckhard Freund 20,000 1.61% $9.1074 04/28/10 0 0
Vice President of 30,000 2.42% $4.1926 08/31/10 0 10,722
Operations

Robert Fratarcangelo 2,500 0.20% $4.7777 07/31/10 0 0
Secretary and Director

Dr. Hubert Besner 2,500 0.20% $4.7777 07/31/10 0 0
Director

G.W. Norman Wareham 2,500 0.20% $4.7777 07/31/10 0 0
Director




Employment and Severance Agreements

Our executives officers are appointed by the Board of Directors and serve until their successors are elected or appointed. We have entered into employment agreements with each of the following officers and directors on the following material terms.

Andreas Eder. On March 1, 1999, we entered into an employment agreement with Mr. Eder to serve as President and Chief Executive Officer. The agreement provides for a three-year term and an annual base salary of approximately $125,716 per year. It also permits Mr. Eder to earn an annual bonus of up to approximately $41,906 if certain performance standards established by the Compensation Committee are achieved. On June 9, 2000, we amended the agreement in order to increase Mr. Eder`s annual base salary to $146,135 and the potential annual bonus to $48,712 (based on the exchange rate of 2.0529 Deutsche Marks for one U.S. Dollar, the exchange rate in place on June 9, 2000). We may terminate the agreement as a result of Mr. Eder`s "disability" or for "cause."


12


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Upon Mr. Eder`s death, we are obligated to pay to his estate an amount equal to his base salary for the period ended 12 months after his death. If Mr. Eder resigns or we terminate his employment as a result of Mr. Eder`s "disability" or for "cause," we are obligated to pay his base salary through the date of termination.
Under the agreement, "disability" is defined as (a) any mental or physical disability which the Board of Directors deems in good faith would preclude Mr. Eder from performing his duties; or (b) a mental or physical disability which lasts for a period of 60 consecutive days or for 90 days in any six-month period and which the Board of Directors elects to treat as permanent in nature. The agreement defines "cause" as any material breach of its terms by Mr. Eder or the commission of a felony or a crime involving moral turpitude.

Tristan Libischer. On December 28, 1998, Vianet (a wholly-owned subsidiary of the Company) entered into an employment agreement with Mr. Libischer to serve as a member of the Management Board of Vianet. The agreement is for a five-year term beginning January 1, 1999, provides an annual base salary of approximately $100,573 and permits Mr. Libischer to earn an annual bonus of approximately $33,524 if certain performance standards established by the Management Board of Vianet are achieved.

Vianet may terminate the agreement for "good cause." "Good cause" is defined as a gross breach of duty, the inability to properly conduct affairs of Vianet or a vote of no confidence at an annual meeting of Vianet.

Mr. Libischer is not entitled to severance pay if his employment is terminated for good cause or if he resigns prematurely without the permission of the Management Board of Vianet. If Mr. Libischer is unable to perform his duties due to illness or accident, Vianet is required to pay Mr. Libischer his full base salary for a maximum of six months and 49% of his base salary for another three months. If Mr. Libischer leaves Vianet in the middle of a fiscal year, any bonus earned will be paid on a pro-rata basis.

Bernd Buchholz. On November 1, 1999, we entered into an employment agreement with Mr. Buchholz to serve as Executive Vice President Sales and Marketing. The agreement provides for a three-year term and an annual base salary of approximately $120,734 and also permits Mr. Buchholz to earn an annual bonus of up to approximately $40,245 (based on the exchange rate of 1.8636 Deutsche Marks for one U.S. Dollar, the exchange rate in place on November 1, 1999) according to the bonus scheme, if any, as approved by the Board of Directors. On June 9, 2000, we amended the agreement in order to increase Mr. Buchholz`s annual base salary to $146,135 and the potential annual bonus to $48,712 (based on the exchange rate of 2.0529 Deutsche Marks for one U.S. Dollar, the exchange rate in place on June 9, 2000). We may terminate the agreement as a result of Mr. Buchholz`s "disability" or for "cause."

Upon Mr. Buchholz`s death, we are obligated to pay his estate an amount equal to his base salary for the period ended 12 months after his death. If Mr. Buchholz resigns or we terminate his employment as a result of Mr. Buchholz`s "disability" or for "cause," we are obligated to pay his base salary through the date of termination.

Under the agreement, "disability" is defined as (a) any mental or physical disability which the Board of Directors deems in good faith would preclude Mr. Eder from performing his duties; or (b) a mental or physical disability which lasts for a period of 60 consecutive days or for 90 days in any six-month period and which the Board of Directors elects to treat as permanent in nature.


13


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The agreement defines "cause" as any material breach of its terms by Mr. Eder or the commission of a felony or a crime involving moral turpitude.
Paolo di Fraia. On June 1, 2000, we entered into an employment agreement with Dr. di Fraia. Dr. di Fraia serves as Chief Financial Officer and the Vice President International and Managing Director of Cybernet Italia. The agreement provides for a one-year term and an annual base salary of approximately $142,803 and also permits Dr. di Fraia to earn an annual bonus of up to approximately $47,601 (based on the exchange rate of 2.1008 Deutsche Marks for one U.S. Dollar, the exchange rate in place on June 1, 2000) according to the bonus scheme, if any, as approved by the Board of Directors. We may terminate the agreement as a result of Dr. di Fraia`s "disability" or for "cause."

Upon Dr. di Fraia`s death, we are obligated to pay his estate an amount equal to his base salary for the period ended 12 months after his death. If Dr. di Fraia resigns or we terminate his employment as a result of Dr. di Fraia`s "disability" or for "cause," we are obligated to pay his base salary through the date of termination.

Under the agreement, "disability" is defined as (a) any mental or physical disability which the Board of Directors deems in good faith would preclude Mr. Eder from performing his duties; or (b) a mental or physical disability which lasts for a period of 60 consecutive days or for 90 days in any six-month period and which the Board of Directors elects to treat as permanent in nature. The agreement defines "cause" as any material breach of its terms by Mr. Eder or the commission of a felony or a crime involving moral turpitude.

Thomas Stoek. On January 1, 2001, we entered into an agreement with Mr. Stoek. Mr. Stoek serves as Vice President of Internet Data Centres. The agreement is for a three-year term and provides for a base salary of approximately DM 300,000 or Euro 153,388. The agreement also provides for a bonus of up to approximately DM 100,000 or Euro 51,129 if certain performance standards established by the Board of Directors are achieved. Mr. Stoek also received an option to purchase 150,000 shares of Common Stock pursuant to the Incentive Plan. In the event Mr. Stoek is unable to work due to illness or other reasons, the Company is obligated to pay Mr. Stoek his base salary for three months. In the event of Mr. Stoek`s death, the company is obligated to pay Mr. Stoek`s heirs his base salary for twelve months.

Ferdinand Lietner. On July 1, 2001, we entered into an agreement with Mr. Leitner. Mr. Leitner serves as Chairman of the Board of Directors Austria. The agreement provides a base salary at the rate of Euro 100,000 per year. The agreement also provides a bonus up to Euro 50,000 per year in accordance with the bonus plan approved by the Board of Directors. In addition, Cybernet granted to Mr. Leitner options to purchase up to 80,000 shares of common stock of Cybernet on the terms and conditions of the Stock Option Plan issued by it. In addition and subject to certain milestones, Cybernet is obligated to grant to Mr. Lietner options to purchase up to 70,000 chares of common stock of Cybernet.

Georg Chytil. On July 1, 2001, we entered into an agreement with Mr. Chytil. Mr. Chytil serves as Technical Director Austria. The agreement provides a base salary at the rate of Euro 86,920 per year. In addition, Mr. Chytil shall be entitled to receive a bonus up to Euro 35,790 per year in accordance with the bonus plan approved by the Board of Director. Furthermore, Cybernet grants options to purchase up to 80,000 shares of common stock of Cybernet, on the terms and conditions of the stock options plan issued by it. In addition and subject to certain milestones, Cybernet is obligated to grant Mr. Chytil options to purchase up to 40,000 shares of common stock of Cybernet.


14


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Certain Transactions with Management
Dr. Hubert Besner, a director of the Company, is a partner with the law firm of Besner Kreifels Weber, which represents the Company and to which the Company paid fees of approximately $237,710 during the last fiscal year.

We provide Internet connectivity services to Cybermind Interactive Europe, AG ("Cybermind"), a principal stockholder of Cybernet, pursuant to a standard service contract. During the last fiscal year, Cybermind paid us approximately $59,121 (based on the exchange rate of $2,077 Deutche Marks for one U.S. dollar, the exchange rate in place on December 31, 2000) for such services. Holger Timm, one of our principal stockholders and a former director, is Chief Executive Officer and Head of the Managing Board, as well as the principal stockholder, of Cybermind.

Compensation Committee Report on Executive Compensation

This report by the Compensation Committee of the Board of Directors discusses the Compensation Committee`s compensation objectives and policies applicable to the Company`s executive officers. The report reviews the Compensation Committee`s policy generally with respect to the compensation of all executive officers as a group for fiscal year 2000 and specifically reviews the compensation established for the Company`s Chairman, President and Chief Executive Officer as reported in the Summary Compensation Table. Except for Mr. Fratarcangelo who was elected Secretary of the Company in May 1999, the Compensation Committee is composed entirely of nonemployee Directors of the Company.

The Compensation Committee of the Board of Directors approves all policies under which compensation is paid or awarded to the Company`s executive officers. The Compensation Committee is composed of Dr. Besner and Messrs. Fratarcangelo and Wareham. Mr. Eder is the Chairman, President and Chief Executive Officer of the Company.

Compensation Philosophy

The Company`s executive compensation program has three objectives: (i) to align the interests of the executive officers with the interests of the Company`s stockholders by basing a significant portion of an executive`s compensation on the Company`s performance, (ii) to attract and retain highly talented and productive executives, and (iii) to provide incentives for superior performance by the Company`s executives. To achieve these objectives, the Compensation Committee has crafted a program that consists of base salary, short-term incentive compensation in the form of a bonus, and long-term incentive compensation in the form of stock options. These compensation elements are in addition to the general benefit programs that are offered to all of the Company`s employees.

The Compensation Committee reviews the Company`s executive compensation program. In its review, the Compensation Committee assesses the competitiveness of the Company`s executive compensation program and reviews the Company`s financial performance for the previous fiscal year. In future years, the Compensation Committee will gauge the success of the compensation program in achieving its objectives in the previous year and will consider the Company`s overall performance objectives.

Each element of the Company`s executive compensation program is discussed below.


15


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Base Salaries
The Compensation Committee will annually review the base salaries of the Company`s executive officers. The base salaries for certain of the Company`s executive officers for fiscal years 1999 and 2000 are reflected in the Summary Compensation Table and were paid in accordance with the provisions of the employment agreements applicable to each of the Company`s executive officers. The salaries of the Company`s executive officers, who do not have employment agreements, will be set by the Compensation Committee based on its annual review. In addition to considering the factors listed in the foregoing section that support the Company`s executive compensation program generally, the Compensation Committee will review the responsibilities of the specific executive position and the experience and knowledge of the individual in that position in setting the salary in a given executive`s employment agreement or otherwise. In setting base salaries for employment agreements or otherwise, the Compensation Committee will also consider individual performance based upon a number of factors, including a measurement of the Company`s historic and recent financial performance and the individual`s contribution to that performance, the individual`s performance on non-financial goals and other contributions of the individual to the Company`s success, and will give each of these factors relatively equal weight without confining its analysis to a rigorous formula. As is typical of most corporations, the actual payment of base salary is not conditioned upon the achievement of any predetermined performance targets.

Incentive Compensation

Bonuses established for executive officers are intended to motivate the individual to work hard to achieve the Company`s financial and operational performance goals or to otherwise motivate the individual to aim for a high level of achievement on behalf of the Company in the coming year. The Compensation Committee does not have a formula for determining bonus payments, but establishes general target bonus levels for executive officers at the beginning of the fiscal year based in relatively equal measures upon the Compensation Committee`s subjective assessment of the Company`s projected revenues and other operational and individual performance factors and may adjust these targets during the year. The bonuses to the executive officers are based on the achievement of annual goals, both quantitative, such as increase in revenues or number of customers, and qualitative such as successful integration of an acquisition or development of a new segment of customers. At the end of the year, the results of the Company and each department are compared to the set goals and recommendations are made to the Board of Directors with respect to the bonuses for each executive.

Long-Term Incentive Compensation

The Company`s long-term incentive compensation plan for its executive officers is based upon the Company`s 1998 Stock Incentive Plan (the "Incentive Plan"). The Compensation Committee believes that placing a portion of executives` total compensation in the form of stock options achieves three objectives. It aligns the interest of the Company`s executives directly with those of the Company`s stockholders, gives executives a significant long-term interest in the Company`s success and helps the Company retain key executives. In determining the number and terms of options to grant an executive, the Compensation Committee will primarily consider subjectively the executive`s past performance and the degree to which an incentive for long-term performance would benefit the Company.


16


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Benefits
The Compensation Committee believes the Company must offer a competitive benefits program to attract and retain key executives. The Company provides the same medical and other benefits to its executive officers that are generally available to its other employees.

Compensation of the Chief Executive Officer

Mr. Eder has served as the Chief Executive Officer of the Company since September 1997. During the last fiscal year, Mr. Eder was paid a base salary of $143,801. In addition, during the last fiscal year, he received an option to purchase 80,000 shares of Common Stock at an exercise price of $4.192 per share. The criteria upon which Mr. Eder`s compensation was determined is the same as that described above with regard to all of the other of the Company`s executive officers.


Submitted by the Compensation Committee of the Board of Directors.

Dr. Hubert Besner
Robert F. Fratarcangelo
G. W. Norman Wareham

17


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Stock Return Performance Graph
The following graph indicates the Company`s cumulative total return to stockholders from March 31, 1999 (the effective date of the Company`s registration of its Common Stock under Section 12 of the Exchange Act) through December 31, 2000, as compared to the cumulative total returns for the Neuer Markt 50 Index.

Comparison of Cumulative Total Returns Performance Graph for Cybernet Internet Services International, Inc.


[GRAPHIC REMOVED HERE]

3/31/99 12/31/99 12/31/00
------- -------- --------

Cybernet Internet Services $100 $33 $5
International, Inc.
Neuer Markt 50 Index $100 $132 $74

------------------




* Assumes $100 invested in the Common Stock of the Company and in the Neuer Markt 50 Index on March 31, 1999. Assumes reinvestment of dividends, if any.

PROPOSAL 2

APPROVAL OF THE CYBERNET 1998 STOCK INCENTIVE PLAN
Background

The Company`s 1998 Stock Incentive Plan ("Incentive Plan") was approved by our Board of Directors and sole shareholder prior to the Company`s reincorporation in Delaware in November 1998. On November 30, 1999, our Board of Directors approved an amendment to increase the total number of shares of Common Stock issuable under the Incentive Plan from 2,000,000 to 3,000,000. On February 22, 2001, our Board of Directors approved an amendment to increase the total number of shares of Common Stock issuable under the Incentive Plan from 3,000,000 to 4,000,000. We are now seeking stockholder approval of the Incentive Plan because such approval is required under the Internal Revenue Code to preserve incentive stock option treatment


18


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and will maximize the potential for deductions associated with any non-qualified options granted under the Incentive Plan. Under 162(m) of the Internal Revenue Code, shareholder approval of performance-based compensation plans (including material amendments thereto) is necessary to qualify for the performance-based compensation exception to the limitation on a company`s ability to deduct compensation paid to certain specified individuals in excess of $1 million. Approval of the amendment to the Incentive Plan and the Incentive Plan as amended requires the affirmative vote of the holders of at least a majority of the outstanding shares of Common Stock and Series B Preferred Stock of the Company represented and entitled to vote at the Annual Meeting.
The following description of the Incentive Plan is intended only as a summary and is qualified in its entirety by reference to the Incentive Plan.

Purpose

The purposes of the Incentive Plan is to (a) provide incentive to officers and key employees of the Company and its affiliates to stimulate their efforts toward our continued success and to operate and manage the business in a manner that will provide for our long-term growth and profitability; (b) encourage stock ownership by our officers and key employees by providing them with a means to acquire a proprietary interest in the Company, acquire shares of stock, or to receive compensation which is based upon appreciation

[luckman_ch]

So wie es aussieht, übernimmt Holger Timm neu ein
Aktienpaket von 29,28%.
Cybermind behält seine Beteiligung von 24.40% bei.

Kann noch nicht daraus schliessen, ob es über eine
Kapitalerhöhung läuft.

Die Neufinanzierung läuft auf Hochtouren.

[Vincente_Teranova]

@ Luckman_ch

Aktienanzahl in Händen von Herrn Timm:

Es sind insgesamt
1,281,600 Privat
6,477,396 Cybermind

Summe: 7,758,996

Zu dem kann ja Herr Timm "Darth-Eder" Geld leihen (die Anteile Verana).


Zu dem laufen die Stillhaltefristen am 06.10.2001 aus.

Da kommt ne Menge Aktien raus.

V.T.

[mäusejäger]

@luckman_ch

bei HTs Anteilen hat sich doch nichts geändert. Von Kapitalerhöhung ist nirgends die Rede und müßte auf der HV beschlossen werden.

Woran erkennst Du denn, daß die Neufinanzierung auf Hochtouren läuft?

Ganz aktuell scheint die Einladung auch nicht zu sein: Buchholz taucht ja noch als executive officier auf.

mj

[luckman_ch]

@ VT

In der neuen Auflistung hat:

Holger Timm................. 7,758,996 (9) 29.28%
Trabner Strasse 12
14193 Berlin, Germany

Cybermind Interactive Europe, AG 6,477,396 24.44%
Am Borsigturm 48
13507 Berlin, Germany


Gruss und immer locker bleiben..

[Vincente_Teranova]

@ Luckman_ch

Naja, locker bin ich nun nicht mehr....

Es gehr darum wer vieviel Kapital (Aktien) kontroliert. In der Zahl von:
Holger Timm................. 7,758,996 (9) 29.28%
Trabner Strasse 12
14193 Berlin, Germany

ist bereits der Anteil von Cybermind eingerechnet.

Siehe unter Punkt 9.

Viel interesanter ist es sich mal alle Großaktionäre zusammenzurechnen.

Brauch CYN überhaupt die Kleinaktionäre?

Vincente Teranova.

[luckman_ch]

@ Vincente

Kann Dir nicht folgen, gemäss Punkt 5
sieht die Verteilung wie folgt aus:

(sprich Streubesitz nur noch 27%)

Entweder sammelt Holger kräftig ein, vielleicht
auch von Verena oder hier spielt eine
Kapitalerhöhung.

Gruss


Approximate
Shares Beneficiary Owned Percentage of Class
Name Common Stock Common Stock

Executive Officers
And Directors
-------------




All executive officers and
Directors as a group......... 2,512,068 9.39%
(8 persons)


Principal Stockholders,
Other than Executive
Officers and Directors
----------------------


Holger Timm................. 7,758,996 (9) 29.28%
Trabner Strasse 12
14193 Berlin, Germany

Cybermind Interactive Europe, AG 6,477,396 24.44%
Am Borsigturm 48
13507 Berlin, Germany
----------------------------------------------------
Total= 63.11%
----------------------------------------------------
---------------------------------------------------

[heppy]

@Vincente

So kritisch habe ich von Dir bis jetzt noch nie etwas gelesen.
Bist Du von der Story nicht mehr überzeugt?
...und die Kleinaktionäre sind doch jedem Unternehmen egal.
Was soll uns denn noch bei diesem Kursniveau noch passieren.
Ich kann mir vorstellen das das alles von oben so gesteuert
wurde.(Weg mit den Kleinanlegern)
Ich bleibe auf jedem Fall dabei.
heppy

[Vincente_Teranova]

@ Heppy,

es war und ist kritisch solange die Anleihen nicht weg sind.

Auch ich bin nervös.

Ich habe nicht zum jetzigen Zeitpunkt erwartet mit Buchi´s Entschluß.

Die Situation, die WEICHEN müssen bis Oktober entscheiden sein.

So oder so.

Ich glaube schon daran, daß CYN bemüht ist eine einvernehmliche Lösung zu realisieren.

Das man sich mit den Bond´s ein Ei gelegt hat stimm schon auf der anderen Seite darf man NIE vergessen ohne diese hätten wir im Jahr 2000 schon kein Cybernet gehabt.

Zu dem mit so niedrigen Euro / Dolar Kurs hat auch kein Experte gerechnet.

Das was bleibt ist jedoch nicht gerade eine vorteilhafte Komunikation nach außenhin.

Auf der HV kann CYN zeigen was Sie daraus gelert haben.

Mit dem Kleinaktionären war gemeint, daß so etwas wie letztes Jahr nicht mehr passieren kann.
Es haben ca. 400 T an Aktien gefehlt um abstimmen zu können.


Die Zahlen für das 2Q sind so wie erwartet, keine Besonderheiten.


Vincente Teranova.

[hollodeck]

@luckman_ch

Die entscheidende Fußnote
(Hinter Holger Timm steht `ne 9!)

(9) Mr. Timm can be deemed to control Cybermind as a result of his position as Chief Executive Officer and Head of the Managing Board and principal shareholder. Includes 6,477,396 shares of Common Stock held by Cybermind.

Holger Timm kontrolliert über 50% der Cybermind-Aktien!
Er kontrolliert demnach indirekt die Cybernet-Aktien die Cybermind hält.
In Holger`s Aktienpaket (29,28%) sind die Cybernet-Aktien von Cybermind mit enthalten.

Holger Timm ist ein Insider. und müsste doch eigentlich vor einem Kauf auch so ein 144-SEC-Filing abgeben.

Holger Timm kontrolliert seine privaten ZNET-Aktien.
Holger Timm kontrolliert die ZNET-Aktien der Cybermind-AG.

In der Aufstellung kannst du nur entnehmen, das HT (incl. Cybermind) 29,28% der ausstehenden Aktien kontrolliert.

@mäusejäger
Die Einladung ist nicht mehr aktuell. Stimme ich voll zu.
Als BB ging standen wir noch über 70 cent! Und heute?
Wenn BB ausgeschieden ist-- hat er vielleicht die Zeit dazu genützt, seine ZNET-Aktien zu verkaufen, oder so ähnlich?
Schließlich ist er kein Insider mehr, und müsste auch nicht mehr SEC-Filings melden.

@VT
es war doch schon viel kritischer.

Die Bond`s waren sicherlich ein kleines Eigentor,
in meinen Augen primär jedoch wegen der hohen Verzinsung (14%, ab 2004 jährlich grobe 25 Mio € alleine für die Zinsen! ohne Tilgung!)


sicherlich, die Type bei der EZB hat auch erstklassige Arbeit geleistet, (es hätte aber auch in die andere Richtung gehen können) -
aber es sei gesagt, CYBERNET - hat in einem dutzend SEC-Filings darauf hingewiesen, das man keine Währungsabsicherungsgeschäfte macht. Überrascht darf man deshalb wegen der $/€-Verluste nicht sein.

Das es keine vorteilhafte Komunikation nach außenhin ist dürfte auch stimmen. Aber warum soll man offen auf die Analysten zugehen? wenn dann nur solch tolle Presse wie die Todesliste rauskommt?
Diese wirklich negative Presse dürfte doch mehr Schaden angerichtet haben als die z.B. die Anleihen.
Aber wenn ich mir www.cybernet.de incl. der Verlinkungen anschaue, -als Kleinaktionär-- man hat die Möglichkeit sich seriös über das Unternehmen zu informieren.
Wenn ich mir da die Web-Seiten anderen NM-Unternehmen anschaue, selbst wenn ich nur die IT-Unternehmen betrachte-
so schlecht steht Cybernet doch gar nicht mal da.


Ob ihr beschlußfähig sein werdet, weiß ich nicht.
Unterstützen würde ich euch sowieso nicht mehr können.
Aber bei den Q2-Zahlen hab ich zumindest beim Umsatz voll ins Schwarze getroffen. Irgendwie wusste ich das die 10 Mio. nicht erreicht werden, aber das der Umsatz von Q1 übertroffen wird. Die Bandbreite war ja nicht mehr allzu groß.

mfg Hollo

P.S.
find schon komisch das solch "tote" Unternehmen nachwievor Kunden gewinnen können.
http://www.cargo-partner.com/?p=company.offices#
CARGO PARTNER AG; A-2401 Fischamend
(am end bin ich auch. aber zumindest sind für mich endlich die ZNETIMDEPOT-depressionen vorüber.)

[luckman_ch]

21:29 Uhr | Montag, 20. August 2001

------------------------------------------------------------
Swisscom prüft Grossübernahmen
Der Telekommunikationskonzern Swisscom prüft Grossübernahmen im Ausland. Fünf bis zehn Milliarden Franken stehen dafür bereit. Wird kein Objekt gefunden, will der Konzern das Geld in Form eines Aktienrückkaufs den Aktionären zurückgeben.

Wie Swisscom-Konzernchef Jens Alder in einem am Samstag veröffentlichten Interview der «Finanz und Wirtschaft» sagte, ist die «Kriegskasse» zurzeit mit fünf bis zehn Milliarden Franken gefüllt.
Da eine Expansion nur im Ausland möglich sei, stünden Akquisitionen im Vordergrund. Sehr viele Unternehmen stünden zurzeit zum Kauf. Eine Übernahme müsse aber strategisch Sinn machen. Zudem müssten das Unternehmen gut geführt und der Preis vernünftig sein.

[Schumi3]

Interessant jedenfalls, dass im Juli 2 Manager von
KPNQwest übernommen wurden.
KPN will das Webhosting Geschäft ja angeblich verkaufen.

[margit50]

Warum dieser Kursanstieg. Gibt es News?

[schnirchel]

@margit50
Schön das du auch noch bei CYN bist. man ist so nicht ganz allein mit seiner Hoffnung.
Cu

[margit50]

In ganz Deutschland werden IT Techniker gesucht - nicht alle Stellen sind im Internet ausgeschrieben.
Ein Bekannter hat sich beworben und fäng sehr wahrscheinlich schon bald in Ffm oder München an.

[dani16]

Neue Markt steigt ---> CYN steigt wie ungewöhnlich

[Dr.Spezialist]

Schnirchel
Wir vom Schachthread lassen euch auch nicht allein

[Dr.Spezialist]

Zusätzliche Hilfe für Cybernet vom steigenden Euro
Na alle Zeichen stehen doch auf grün..Oder??

[Crowww]

0,9226!!!

[tensor]

Ist das dein Einstandskurs Crowww?

[losty]

seit geraumer zeit schaute ich nur zu, jetzt bin ich auch dabei.
gibt es hier auch nützzliche und seriöse statements

[Dr.Spezialist]

losty
Wo gibt es mehr als hier Zur Zeit gibt es halt nix.

[luckman_ch]

Hab mich mal in das Hauptversammlungsprotokoll von
Cybermind AG hereingelesen.

Zusammenfassend gesagt hat Cybermind nie die Absicht
Aktienanteile von Cybernet über die Börse zu veräussern,
sondern man geht nur von einer ausserbörslichen Ver-
äusserung an einen strategischen Investor aus.

Die Zukunft von Cybernet wird vom Cybermind-Management erfolgversprechend angesehen.



....Wortlaut der Redebeiträge der beiden Vorstände Carsten Dujesiefken und
Karsten Haesen anlässlich der ordentlichen Hauptversammlung der Cybermind AG,
Berlin, vom 19. Juni 2001


Wir haben im vergangenen Jahr selbstverständlich unsere Beteiligungen nach deren
Veräußerungsfähigkeit untersucht. Aus unserer Sicht kamen dabei zwei Gesellschaften in
Frage: die Cybernet und die Artificial Life.
Nach wie vor existiert bei der Cybermind eine deutliche Kopflastigkeit zu Gunsten oder zu
Lasten ihrer Cybernet-Anteile im Portfolio. Obwohl wir im vergangenen Jahr im Vergleich zu
1999 eine deutliche Verringerung der Korrelation beider Aktienkurse zu verzeichnen hatten,
ist der Wert der Cybermind AG, nicht nur aus Sicht unserer Aktionäre, in der Tat noch stark
abhängig von der Cybernet.
Daher ist auch dem Vorstand bewusst, dass es zu den großen und wichtigen anstehenden
Aufgaben gehört, diese Lastigkeit zu verringern. Hierfür stehen verschiedene Optionen offen:

1. Abverkauf der Anteile über den Markt
Aus unserer Sicht verbietet sich bei rationaler Beurteilung eine Veräußerung größerer
Posten Cybernet-Aktien auf diesem Wege. Das derzeitige Kursniveau und die weitere
Belastung desselben durch eine solche Transaktion würden in keinem Verhältnis stehen zu
unseren aktuellen Einschätzungen bezüglich der Kurspotenziale der Gesellschaft. Dabei
lasse ich die Außenwirkung für die Cybernet im Falle einer Veräußerung von Cybernet-Anteilen
durch die Cybermind, zumindest in der jetzigen Situation, einmal völlig beiseite.

2. Die außerbörsliche Veräußerung z. B. an einen strategischen Investor
Grundsätzlich eine gute und richtige Überlegung, die jedoch immer einer wichtigen
Voraussetzung bedarf: Ein solcher Investor muss auch existent sein und ein entsprechendes
Ange-bot machen.
Dabei kann ein solches Übernahmeangebot aus unserer Sicht immer nur in ein
ganzheitliches Konzept für die Cybernet implementiert sein; hierfür, und damit komme ich zu
unserer Einschätzung der aktuellen Situation bei Cybernet, sind aber folgende

Voraussetzungen nötig:
- Das operative Geschäft der Gesellschaft muss in absehbarer Zeit Cashflow positiv
werden, um als Partner, welcher Form auch immer,
interessant zu sein oder zu werden.

4
Nach offiziellen Aussagen der Gesellschaft und anderen externen Einschätzungen sind
wir fest davon überzeugt, dass der Cybernet dieser Schritt in den Break-even gelingen
wird.
- Die nachhaltige Belastung der Gesellschaft im Finanzergebnis, verursacht durch die
ausgegebenen Anleihen, muss bereinigt werden. Hier wissen wir spätestens seit der
letzten Ad Hoc-Meldung der Cybernet um die intensiven Bemühungen der
Verantwortlichen, diese stukturelle Bereinigung vorzunehmen - nach unserer
Einschätzung ebenfalls mit guten Erfolgsaussichten.
Während wir bei der Cybernet AG von Beginn an einig waren, unsere Anteile nur
außerbörslich im Block zu veräußern, derartige Gespräche jedoch nicht vor einem konkreten
Abschluss standen, haben wir bei der Artificial Life durchaus die Möglichkeiten und Chancen
einer börslichen Veräußerung unserer Anteile diskutiert...

[Dr.Spezialist]

Also ich seh da nix positives aber auch nichts negatives.
Der letzte Abschnitt: Wir hatten nie die Absicht, siehst du das wirklich positiv. Ehrliche Frage, ich weiß damit nichts anzufangen. Wo ist der Vorteil bei einer außerbörslichen Abwicklung. Ich meine für Cybermind.

[luckman_ch]

@ Spezi

...betreffend der Anleihengeschichte wird mit einem erfolgreichen Ausgang gerechnet...

Betreffend evtl. Verkauf von einem grösseren Aktienpaket
an einen exesten Investor ist natürlich die Preisfrage
für Cybermind ausschlaggebend.
Für Cybernet kann durch dieses Angebot ein attraktive
geschäftliche Beteiligung (im selben Geschäftsfeld)
an Land gezogen werden.

Gruss

[Dr.Spezialist]

Danke luckman.

[margit50]

Schade, daß kein Handel mehr zustande kommt.
Cybernet wird zu einer langweiligen Aktie. Man ist doch eher ein starkes Auf und Ab gewohnt.

[dreigeh]

hat jemand jetzt mal etwas über buchholz gehört ??

[dreigeh]

hat schon jemand etwas über buchholz gehört ???

[tensor]

Ziemlich wenig Umsatz gestern und heute. Alles wartet. Deshalb habe ich nochmal 2000 Stück im XETRA nachgekauft.

[Schumi3]

ADE: Softwarekonzern Oracle siedelt Internet-Abteilung in Potsdam an
POTSDAM (dpa/bb) - Der US-Softwarekonzern Oracle <ORCL.NAS> <ORC.FSE> will
seine Internetabteilung für Deutschland, Österreich und die Schweiz in
Potsdam ansiedeln. Das bestätigte das brandenburgische
Wirtschaftsministerium am Freitag. Einzelheiten waren zunächst nicht
zu erfahren; sie sollen am Montag auf einer Pressekonferenz
mitgeteilt werden.
Die Oracle Corp. - zweitgrößtes Softwareunternehmen der Welt nach
Microsoft <MSFT.NAS> <MSF.FSE> - hatte im Geschäftsjahr 1999/2000 erstmals mehr
als zehn Milliarden Dollar umgesetzt. Sie steigerte den Umsatz nach eigenen
Angaben auf 10,1 Milliarden Dollar (20,4 Mrd DM/10,6 Mrd Euro)
gegenüber 8,8 Milliarden Dollar im vorangegangen Geschäftsjahr. Der
operative Gewinn stieg um 61 Prozent auf 2,1 Milliarden Dollar.
Oracle verkauft Anwendungs- und Datenbasen-Software an Unternehmen
und hat ein großes Consultinggeschäft. Die Gesellschaft ist vor allem
im elektronischen Kommerz- und Internetbereich sehr stark./DP/aka/

[Schumi3]

Cybernet & Oracle. Die Internet Connection.



Wenn Ihre Applikationen im Internet einer Vielzahl von Kunden zur Verfügung stehen sollen, ist
Cybernet der richtige Partner für Ihr Unternehmen. Als zertifizierter, einziger europaweit agierender
Oracle iHost Partner bietet Ihnen Cybernet die Nutzung von Oracle-Datenbankprodukten auf ASP-Basis
(Application Service Providing) in Verbindung mit den professionellen Cybernet Full Managed Database
Services & Solutions. Mit den skalierbaren iHost-Lösungen adressieren Cybernet und Oracle speziell
folgende Zielgruppen:

Unternehmen, die ihre Datenbank-Dienste outsourcen möchten (Banken, Versicherungen etc.)
Alle Unternehmen mit datenintensiven Applikationen (Medien, Entertainment etc.)
Kleinere Unternehmen, für die Oracle-Investitionen bisher aus finanziellen Gründen nicht in
Betracht kamen
Independent Software Vendors (ISVs),die ASP-Modelle für Ihre Software in Erwägung ziehen und
eine kostengünstige, leistungsfähige Plattform für ihr eigenes Modell kreieren möchten

[DrChess]

"zertifizierter, einziger europaweit agierender..."
Wow, bei manchen Formulierungen könnte einem fast
einer abgehen....

[Cybermausi]

Schaut mal nach FFM ,da will wohl jemand höhere Kurse sehen.

[luckman_ch]

CZERNY VERENA verkauft nicht!!

Die dreimonatige Verkaufsfrist ( Anmeldung 5/22/2001
Stk. 258,460)
ist verstrichen.

Nachzulesen unter:

http://www.nasdaq.com/asp/Holdings.asp?FormType=Form144Histo…

Wieso soll sie auch verkaufen, kurz vor der Party?

[russelnash]

stay cool