XXL.EE news: JOINT VENTURE OF XXL.EE AND INFOPISTE - 500 Beiträge pro Seite

[netiman]

25.01.00 15:35:38
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XXL.EE: Joint venture of XXL.EE and Infopiste

AS XXL.EE
ANNOUNCEMENT

JOINT VENTURE OF XXL.EE AND INFOPISTE

AS XXL.EE and leading Finnish internet company Infopiste Oy will
make a joint venture in Estonia with a goal to create, develop and
administrate the Estonian city-portal. Today the two companies
signed the Letter of Intent to provide a framework for negotiations
about establishment of the new company, and to specify its future
activities. The incorporation documents are to be signed within a
week.

Infopiste is a Finnish internet company focused on production and
development of portal content and technological solutions in both
traditional as well as WAP-environments. The company`s main product
is city-portal helsinki.net

XXL.EE is an internet-based IT-company, which main fields of
activity are development of portals and digital media solutions.
XXL.EE`s subsidiary Internetivärav XXL OÜ currently administrates
the first Estonian internet portal XXL.EE.

http://group.xxl.ee

[Stefan Seifried]

26.01.00 15:10:32
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XXL.EE: Co-operation agreement signed

AS XXL.EE
ANNOUNCEMENT

XXL.EE AND INFOPISTE OY SIGNED CO-OPERATION AGREEMENT

On 27.01.2000 AS XXL.EE Group and Infopiste OY concluded an
agreement for establishment of joint venture, where AS XXL.EE owns
49% and Infopiste Oy 51% stake.

The purpose of the joint venture is to create, develop and
administrate the Estonian city-portal. Infopiste OY and XXL.EE
became strategic co-operation partners last fall. The goal of the
new joint venture is to realize the goals of Infopiste Oy in the
Baltic countries and Eastern Europe, a part of the company`s
general strategic goal to become a leading portal developer in
Europe.

XXL.EE will be granted a right to fully exploit all Infopiste
IT-solutions and trademarks in its development activities in both
Estonia as well as neighboring countries.

Infopiste is one of the most technologically advanced portal
developers in Europe. The company focuses on development of mobile
internet solutions (WAP, UMTS). Having currently invested ca EEK 50
million in development of portal technology, Infopiste plans to
make at least EEK 300-400 million worth of additional investments
within the next two years.

Infopiste currently administrates 7 portals, the largest of which
is city-portal helsinki.net. The strategic goal of Infopiste is to
create a chain of city-portals covering the whole Europe. The
company is 80% management-owned; the remaining 20% stake is owned
by CapMan investment fund.

XXL.EE is an internet-based IT-company, focusing on development of
portals and digital media solutions. XXL.EE`s subsidiary
Internetivärav XXL OÜ administrates the first Estonian internet
portal XXL.EE.


Arho Anttila
Chief Executive
XXL.EE
[e-mail]
[phone]

http://www.infopiste.fi
http://group.xxl.ee

[Stefan Seifried]

27.01.00 10:58:42
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XXL.EE: Additional information about co-operation agreement

AS XXL.EE
ANNOUNCEMENT

ADDITIONAL INFORMATION ABOUT CO-OPERATION AGREEMENT CONCLUDED
BETWEEN XXL.EE AND INFOPISTE OY

On 26.01.2000 AS XXL.EE Group and Infopiste OY concluded an
agreement for establishment of joint venture, where AS XXL.EE will
own 49% and Infopiste Oy 51% stake. The new company`s share capital
volume is EEK 400 000.

The new joint venture will create, develop and administrate the
Estonian city-portal. The goal of the joint venture is to realize
the strategies of Infopiste Oy in the Baltic countries and Eastern
Europe, a part of the company`s general strategic goal to become a
leading portal developer in Europe. The current ownership structure
in the joint venture was decided based on Infopiste`s need to
consolidate its holdings in subsidiaries for the planned share
issue. The shareholders have agreed to make all substantial
decisions based on consensus.

The company`s main field of activity is the development and
administration of a vertical city-portal, to be mainly directed to
tourists visiting Tallinn. Portal is focused on production of
content; it will be published on internet as well as in
WAP-environment. The new portal will be launched by the first half
of the current year. XXL.EE`s current portal (www.xxl.ee) will be
fully integrated into the new city-portal. OÜ Internetivärav, the
administrator of the current portal, will be liquidated.

XXL.EE will gain international experience and business model for
operating within a larger structure from strategic co-operation
with Infopiste, also the right to use Infopiste trademark and
access to Infopiste`s IT-solutions. The new company`s ownership
structure will also provide better financing possibilities. XXL.EE
will conduct a share issue worth at least EEK 20 million in March
or April of the current year.

After conclusion of strategic co-operation agreement with
Infopiste, XXL.EE Group will focus on development of the portal and
digital media projects (solutions, consultations). The Estonian
computer selling company and IT-services provider AS PCT Arvutid
will be sold within the next months; SIA PCT Riga will be also
sold or liquidated.


Arho Anttila
Chief Executive
XXL.EE
[e-mail]
[phone]

http://www.infopiste.fi
http://group.xxl.ee

[Glück]

Ich bin vor 10 Tagen ausgestiegen, weil die Wahrscheinlichkeit
hoch war, daß das niemanden in Deut. interessiert.

Glück

[Michael16]

Kann mir einer infos zur der Firma geben !! xxl.ee !!!
DANKE !!!!