euro adhoc: PANDATEL AG
Board of Directors (Appointments and Changes)
Thomas Becker now sole member of the Management Board - Dr. Elke Jahn and Dr. Niraj Agrawal leave the Management Board

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Hamburg, October 14, 2005, Pandatel AG, (ISIN DE0006916307 - Prime Standard). Thomas Becker, so far Chief Financial Officer, is now sole responsible member of the Management Board for the operative management of Pandatel AG until further notice. Dr. Elke Jahn, so far COO of Pandatel AG, and Dr. Niraj Agrawal, so far CTO of Pandatel AG, leave the Management Board effective October 14, 2005. They both became members of Pandatel AG’s Management Board in July 2004.

In the coming weeks, the Supervisory Board and the Management Board will thoroughly define the position for Pandatel AG and conduct a detailed survey on the strategic perspectives of the company. The environment for the supplier of fiber optic and network technology still looks difficult. In the first half of 2005, Pandatel AG (as reported earlier) suffered declining sales decreasing from EUR 7.4m (H1 2004) to EUR 5.9m (H1 2005). EBIT went down by 29 percent to minus EUR 7.2m.

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ots Originaltext: PANDATEL AG
Im Internet recherchierbar:

Further inquiry note:
Christina Kunze
Tel.: +49 (0)40 644 14 187

Branche: Telecommunications Equipment
ISIN:      DE0006916307
WKN:        691630
Index:    Prime Standard, Prime All Share
Börsen:  Frankfurter Wertpapierbörse / regulated dealing
              Berliner Wertpapierbörse / free trade
              Hamburger Wertpapierbörse / free trade
              Baden-Württembergische Wertpapierbörse / free trade
              Börse Düsseldorf / free trade
              Niedersächsische Börse zu Hannover / free trade
              Bayerische Börse / free trade
              Bremer Wertpapierbörse (BWB) / free trade

Weitere Meldungen: PANDATEL AG i.A.

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