Corporate | 15 November 2002 12:12

NorCom Info. Tech. AG english

NorCom selling stake in Irish software development company DreTec Corporate-news announcement sent by DGAP. The sender is solely responsible for the contents of this announcement. ——————————————————————————– Munich, November 15, 2002 – NorCom Information Technology AG, Munich, has jettisoned its stake in DreTec Software Ltd., Dublin as part of its consolidation strategy. NorCom held 50% of the Irish software development company’s capital. Following the completion of the deal, NorCom can now only consolidate roughly EUR 3.2 million of the original revenues of EUR 4.3 million projected for DreTec on a prorated 50% basis up until October 31, 2002. Following the Company’s withdrawal from the Italian market at the end of September as previously announced, this decision marks the second step in the strategy made known at its annual general meeting of reviewing all non-German equity holdings. Approx. 750 characters You can download this text straight from NorCom’s Website at: http://www.norcom.de/en/presse/pr_info_2002.htm For further information please contact: NorCom Information Technology AG Christa Maurer (Corporate Communications) Stefan-George-Ring 23 – D-81929 Munich Phone +49-89-939 48 248 – Fax +49-89-939 48 123 press@norcom.de – http://www.norcom.de end of message, (c)DGAP 15.11.2002 ——————————————————————————– WKN: 525030; ISIN: DE0005250302; Index: Listed: Neuer Markt Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, München, Hannover und Stuttgart 151212 Nov 02