04.07.2003 – 15:52

The Fantastic Corporation

euro adhoc: The Fantastic Corporation
Annual & Special Corporate Meetings
Fantastic will focus on U.S. market (E)

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

Fantastic will focus on U.S. market

Zug, Switzerland - July 4, 2003 - The board of the Fantastic
Corporation in Zug (Prime Standard Frankfurt: FAN) today decided to
concentrate the company’s future operations exclusively on the U.S.
market. Research and development, customer support as well as sales
and marketing are already based in San Mateo in the United States.
The management and board consider this to be the best approach to
implement the strategic focus on the US eCDN-Market as announced in
February 2003.

Fantastic already introduced its new eCDN strategy earlier this year
and since then consequently optimized its product portfolio for this
market and reduced its operational costs through restructuring. After
the restructuring that was announced on June 13, 2003 and the shift
to the U.S. are completed, the number of employees will be 16 in
total. Thus, this last restructuring will affect primarily the head
office in Zug.

The company goals for the first half of the 2003 were partially
reached. During the first quarter 2003 operational expenses were
reduced by 41.5 percent compared to the fourth quarter 2002. The
leading industry analyst Gartner Inc. confirmed that Fantastic’s
efforts are internationally recognized by placing the company in its
Magic Quadrant for eCDN. Nevertheless, revenues remained below
expectations.

As a consequence of the shift of business to the U.S. Alain D.
Bandle, CEO and member of the board, will hand over the management
responsibilities to the U.S. and remain as CEO until the end of
September 2003. Andreas Emmenegger, CFO, will remain at the company’s
service until the end of September 2003. Simon Johnson, vice
president sales, will hand over his role to U.S. based Soeren
Lindkvist at the end of July 2003.

"This shift of the company’s business to the U.S. reflects the
consequent implementation of the eCDN strategy I designed," says
Alain D. Bandle. "The market evolves mainly in the U.S., therefore we
will strengthen our sales efforts by hiring two additional sales
managers."

After October 1, 2003, Peter Ohnemus, chairman and co-founder of the
Fantastic Corporation, will act as interim CEO of the company. He
will be supported by two employees for finance, communications and
investor relations tasks.

Considering the company’s financial situation, the board is analyzing
possible alternatives for the future of the Fantastic Corporation.

end of announcement        euro adhoc 04.07.2003

Further inquiry note:

Herr Steinacher Dominik

Branche: Software
ISIN: CH0008310515
WKN: 924382
Index: Nemax All Share
Börsen: Frankfurter Wertpapierbörse / regulated dealing
Niedersächsische Börse zu Hannover / free trade
Berliner Wertpapierbörse / free trade
Bayerische Börse / free trade
Hamburger Wertpapierbörse / free trade
Bremer Wertpapierbörse (BWB) / free trade
Börse Düsseldorf / free trade
Baden-Württembergische Wertpapierbörse / free trade