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Ad hoc-Service: tiscon AG Infosystems english = - 500 Beiträge pro Seite


ISIN: DE0007458804 | WKN: 745880 | Symbol: TIS
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01.07.11
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Ad-hoc announcement precessed and sent by DGAP. The sender is solely responsible for the contents of this announcement. --------------------------------------------------------------------------------

tiscon founds holding company in Singapore

Langenau, March 12, 2001 - tiscon AG Infosystems and the entrepreneur Andreas Lapp from Stuttgart have joined forces to found TISCON ASIA HOLDING PTE LTD in Singapore, tiscon holds 51 % of the joint venture, while Lapp holds 49%. The new business will focus on the sale and implementation of tiscon's product information systems in the Asia/Pacific region. For over 25 years, Lapp has been active in the Asian market and can thus contribute many business contacts to the joint venture.

tiscon Asia will operate as a holding company. Target is to initially develop regional companies in the ASEAN nations. For that purpose, tiscon and Lapp are already holding discussions with sales partners that are active there. In the second phase, sales activities will expand to other countries in the Asian sphere.

Altogether, tiscon AG Infosystems is investing 500,000 Singapore dollars into the holding. This amount corresponds approximately 600,000 German marks. Within three years, tiscon Asia Holding Pte Ltd. is expected to contribute about 15% of the total sales of tiscon AG.

For more information, please contact:

Friedhelm Weischede tiscon AG Infosystems Lise-Meitner-Str.15 D-89081 Ulm Germany Tel +49-731-95448-182 Fax+49-731-95448-901 f.weischede@tiscon.de

tiscon Shareholders' Hotline Tel.+49-6251-581649 Fax +49-69-959083-99 aktie@tiscon.de www.tiscon.de

end of Ad hoc-announcement, (c) DGAP 12.03.2001 ----------------------------------------------------------------------- WKN: 745880; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München, Stuttgart

120801 Mär 01






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