euro adhoc: PANDATEL AG
quarterly or semiannual financial statement
Pandatel cuts loss by half

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Ad hoc disclosure pursuant to Art. 15 WpHG Hanover, 30 August 2006

Pandatel cuts loss by half

In the first half of 2006, revenues amounted to EUR 4.5m compared  to EUR  5.9m in the first half of 2005. But, earnings before taxes improved  from  EUR  minus 6.9m  to  EUR  minus  3.5m.  At 06/30/2006,  liquidity,  including    short-term investments on hand, amounted to EUR 4.7m compared to EUR 7.9m at the  beginning of the year. The decrease of cash is especially due to the payoff of the social plan (close to EUR 2m), as well as the cost associated with exiting  the  former rental agreement for Hamburg locations (EUR 0.8m). The company  has  not  burned significant cash for operational reasons. The company is hoping  for  an  annual turnover of EUR 8.5m regardless the fact that the number of product  models  for sale has been consolidated and decreased from 1,300 to 170 models.

Dowslake Venture Ltd. and the new management have made  reducing  the loss  the top of their priority. They included the company's relocation  to  Hanover,  the shut-down of production facilities and development centers, and the  utilization of internal rationalization potentials. The  number  of  employees  was  reduced from an average of 120 in H1/2005 to 53 for H1/2006.

The company presented more figures at its annual general meeting  on 08/29/2006 and will publish its semi-annual report on 08/31/2006.

About PANDATEL AG: PANDATEL is a German corporation based in Hanover. PANDATEL was formed  in  1987 as Pan Dacom Telekommunikation GmbH. It went public at Frankfurt stock  exchange in November 1999. Majority shareholder is Dowslake Venture  Ltd.  (U.S.A.)  with Dr. Dan D. Yang as CEO. In March 2006, Dr. Yang became also CEO of PANDATEL  AG. PANDATEL is  specialized  in  Ethernet  technologies.  For  further information please visit

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ots Originaltext: PANDATEL AG
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Further inquiry note:
Further information:
insignis GmbH, Agency for Communication
Raik Packeiser
Berliner Allee 9 - 11
30175 Hanover, Germany
Phone: .+49 511 33 65 15 31
Fax +49 511 33 65 15 33

Branche: Telecommunications Equipment
ISIN:      DE0006916307
WKN:        691630
Index:    Prime All Share
Börsen:  Frankfurter Wertpapierbörse / regulated dealing/prime
              Börse Berlin-Bremen / 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

Weitere Meldungen: PANDATEL AG i.A.

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