euro adhoc: ABIT AG
ABIT AG Wins Development Contract Valued at EUR 1.7 Million (E)

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Meerbusch, 7 January 2003. ABIT AG has won a development contract in the amount of EUR 1.7 million. The contracting party is a well-known German company in the banking industry. As part of the agreement, ABIT will align its solution for credit operations to the individual requirements of the credit process in the client firm and thereby technically enhance its application. Project completion is forecast for the second half of 2003.

+++ Explanatory Information +++

ABIT's browser-enabled software is a credit-management solution for the entire back office area of credit operations - for all sizes of loan exposures and all groups of institutions, suitable for both private and corporate-customer transactions. The browser-supported application obviates the previous requirement of individual installation at each workstation within the company. It will be centrally installed, for instance at data processing centers or group headquarters, and will provide decentralized, structured querying and processing capabilities for data inventories to all employees at connected firms. The software can be integrated into all commonly used system landscapes. The solution's module construction also delivers a high degree of customization possibilities.

Jürgen Baltes, sole member of the board of ABIT AG, stated, "We feel that a contract of this magnitude, especially against a backdrop of general conservatism in IT purchasing, must be viewed as a success and evidence of trust in the quality of our solutions. With this contract, ABIT is expanding its market position within the banking industry as a supplier of solutions to support credit processes. Thus, we have further proof of the success of our strategy of providing a new generation of network-centered applications to the market early, to replace the very successful DOS solutions from ABIT."

end of announcement            euro adhoc 07.01.2003

Further inquiry note: ABIT AG Investor Relations Brigitte Gray Phone.: +49 (0) 2150-9153 898 Fax: +49 (0) 2150-9153 299 Mail: investor@abit.de

Branche: Software
ISIN:      DE0005122501
WKN:        512250
Index:    Nemax All Share
Börsen:  Frankfurter Wertpapierbörse / Neuer Markt
              Baden-Württembergische Wertpapierbörse / free trade
              Bayerische Börse / free trade
              Berliner Wertpapierbörse / free trade
              Börse Düsseldorf / free trade
              Hamburger Wertpapierbörse / free trade
              Niedersächsische Börse zu Hannover / free trade

Weitere Meldungen: ABIT AG

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