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euro adhoc: Tomorrow Focus AG
Mergers - Acquisitions - Takeovers
TOMORROW FOCUS AG Takes Over Majority Interest in HolidayCheck AG

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  The issuer is responsible for the content of this announcement.
Strategic Acquisition to Enlarge Transaction Business
Munich, July 7, 2006 - TF Beteiligungs GmbH, a wholly owned
subsidiary of TOMORROW FOCUS AG, is taking over 51% of the Swiss
travel portal HolidayCheck AG, Kreuzlingen, one of the leading online
offers in the German-speaking travel community, and thereby securing
profitable transaction business in the growing travel market.
HolidayCheck was founded in 2003 and runs the leading opinion portal
of that name for travel and vacations. With 1.6 million page
impressions per day, HolidayCheck is one of the most popular travel
pages in the German-speaking area and one of the largest providers of
user-generated travel content. The central component of its operative
business is a hotel evaluation database that grows daily and a
comprehensive archive of photos and information that is provided and
updated by users. HolidayCheck runs its own TÜV-certificated travel
agency that guarantees lowest prices. Last financial year’s net sales
were 4.5 million Swiss francs (EUR 2.9 million) with earnings before
taxes of EUR 2.1 million Swiss francs (EUR 1.3 million).
The first tranche of the purchase price for HolidayCheck AG amounts
to EUR 9.0 million in cash this financial year. In addition, an
earn-out was agreed that will lead to two further payments in 2007
and 2008 if certain contractually agreed targets are reached.
Burda Digital Ventures GmbH, Munich, has acquired at the same time as
TOMORROW FOCUS AG 29% of HolidayCheck AG. HolidayCheck AG’s founders
retain 20% for the time being. TF Beteiligungs GmbH and Burda Digital
Ventures GmbH have agreed on the 20 percent call and put options held
by the founders. TF Beteiligungs GmbH and Burda Digital Ventures GmbH
have, in conjunction with their partnership status and the exercising
of the rights from the purchase contract, agreed on a close
TOMORROW FOCUS AG developed and enlarged travel as a channel in
financial year 2005. The acquisition of HolidayCheck provides
TOMORROW FOCUS with access to highly profitable and strongly growing
transaction business. Expansion of the HolidayCheck business to other
European countries is already in preparation.
end of announcement                               euro adhoc 07.07.2006 07:36:40

Further inquiry note:

Ariane Meynert
Tel.: +49 (0)89 9250 1256

Branche: Software
ISIN: DE0005495329
WKN: 549532
Index: CDAX, Prime All Share, Technologie 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

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