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

Disclosure announcement transmitted by euro adhoc. The issuer is
responsible for the content of this announcement.
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

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Plus de actualités: ABIT AG