AvW Invest AG

euro adhoc: AvW INVEST AG
AvW Invest acquires a new interest in Germany and Australia

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The Austrian company AvW Invest AG has acquired a four per cent interest in the Bavarian IT systems company Cancom (COKG.DE), at a cost of around one million euros.  The Cancom Group is valued at only eleven per cent of the 2006 profits, the price to book ratio is 1.1 and the 2006 price to sales ratio is 0.1.

AvW Invest AG now has a further significant interest in the IT sector, alongside its holding in the Austrian IT company S&T.

AvW Invest AG has also just acquired a 1.5 per cent interest in the Australian silver mine Macmin (MMN.AX), which has developed from a purely exploration company to a production company in the first quarter of 2006.  The silver mine in South Queensland is about to become operational.  The Macmin silver mine is also one of the few silver mines in the world that produces pure silver (so called "silver powder").  A total of around one million Australian dollars was spent on this investment.

At the present time AvW Invest AG has the following stock exchange listed holdings:

Approx. 13 % S&T AG (SNTS.VI) Approx. 12 % Hirsch Servo AG (HISE.VI) Approx. 6 % Cash Financial Services Group (8122.HK) Approx. 5 % Pankl Racing Systems AG (PARS.DE) (AvW Group approx . 21 %) Approx. 4 % Cancom AG (COKG.DE) Approx. 1,5 % Macmin (MMN.AX) Approx. 1 % Equigold (EQI.AX) (AvW Group approx . 2 %) Approx. 1 % Pan Sino (8260.HK) (AvW Group approx . 2 %) Approx. 1 % Pine Technology (8013.HK)

In the real estate sector, a further property has been acquired in Carinthia, more specifically at Velden am Wörthersee.  This brings the total number of properties owned by AvW Invest AG in Austria to eight.

For the current business year, AvW Chairman Wolfgang Auer von Welsbach says that further new investments will be made, the aim being to promote further diversification and in particular to become active in the raw materials sector and in Asia.

The balance sheet figures for the financial year ended will be announced on 29 March 2006.  A further significant rise in net profits is expected for the current year, based primarily on the core business of financial services and the investment banking activity.

About AvW Invest AG: AvW Invest AG is a company of the AvW Group (www.avw.at).  AvW Invest shares are listed on the Vienna stock exchange in the ATX Prime Market (ISIN number: AT0000930409, Reuters: AVWI.VI).  The Austrian company, which has its registered office in Krumpendorf am Wörthersee, specialises in the fields of financial services, participations and real estate.

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ots Originaltext: AvW Invest AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
AvW Invest AG
Nicole Kahn
Investor Relations
Tel.:  04229/3621-25

Branche: Financial & Business Services
ISIN:      AT0000930409
WKN:        892661
Index:    Prime.market
Börsen:  Frankfurter Wertpapierbörse / free trade
              Baden-Württembergische Wertpapierbörse / free trade
              Wiener Börse AG / official dealing

Weitere Meldungen: AvW Invest AG

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