Revenio Group Oyj - Company Announcement

EMPLOYER-EMPLOYEE NEGOTIATIONS CONCLUDED WITHIN REVENIO GROUP'S MIDAS TOUCH


Revenio Group Corporation STOCK EXCHANGE RELEASE 4 November 2010 at 12 noon EMPLOYER-EMPLOYEE NEGOTIATIONS CONCLUDED WITHIN REVENIO GROUP'S MIDAS TOUCH SUBGROUP The employer-employee negotiations within Midas Touch Media Oy and Midas Touch Gateway Oy, initiated on 10 September 2010, have been concluded. As a consequence of these negotiations, these companies will run down their operations in Jämsä and Lappeenranta. Consequently, the entire staff at these locations, a total of 85 people, will be made redundant. In the future, the production activities of the Midas Touch subgroup will be concentrated in Iisalmi and Pieksämäki. As the Midas Touch subgroup has for long suffered heavy operating losses, this broad-based restructuring is aimed at achieving a clear improvement in its profitability. The outcome of the negotiations will not affect Revenio Group Corporation's profit guidance for 2010. Revenio Group Corporation Olli-Pekka Salovaara President and CEO For further information, please contact: Olli-Pekka Salovaara, President & CEO, mobile +358 40 5675520 olli-pekka.salovaara@revenio.fi http://www.revenio.fi DISTRIBUTION: NASDAQ OMX Helsinki Financial Supervisory Authority (FIN-FSA) Key media www.revenio.fi Revenio Group Corporation, the parent company of the Finnish conglomerate Revenio Group is listed on the NASDAQ OMX Helsinki. Revenio's subsidiaries share a focus on Finnish specialist expertise and export-based operations. Revenio Group consists of seven independent subsidiaries in five business segments. These subsidiaries are Done Information Oy, Done Logistics Oy, Done Software Solutions Oy, Icare Finland Oy, Boomeranger Boats Oy, Finnish Led-Signs Oy and Midas Touch Oy.