Ad-hoc | 7 August 2000 16:32
Ad hoc-Service: bmp AG
77th investment: workX
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AD-HOC REPORT
Berlin, 7 August 2000
bmp AG takes stake in Business-to-Business purchasing agency workXL AG
Berlin, 7 August 2000 – SDAX-listed bmp AG has taken a 30% stake in workXL AG
(www.workxl.de), founded this June in Berlin. workXL AG will shortly start its
Business-to-Business Internet purchasing services for small and medium-sized
companies.
Their aim is to efficiently streamline the purchasing of business support
services, office supplies and IT products. Users can directly access a range
of high-quality regional and national suppliers, and request quotes via workXL.
Furthermore, workXL is the first to organize purchasing communities for
wide-ranging services, leading to susbstantially cheaper prices. Extensive
support is provided in the shape of topic-relevant information and workXL’s
own purchasing specialists.
The capital influx ensuing from bmp’s stake in workXL AG will mainly be
invested to finance the extension of the range of services on offer and the
launch to market. bmp hopes to use this stake to strengthen its B2B activities
and produce more synergistic effects with its existing investments.
workXL AG is bmp AG’s 77th investment project. bmp AG began its venture capital
operations in Germany, other European countries and the USA in 1997. Since its
establishment, the company has invested around EUR 95 million in venture
start-ups.
Contact:
Alexander Faust
Investor Relations Manager
Charlottenstr. 16
10117 Berlin
Germany
Phone: +49-30-20 30 50
Fax: +49-30-20 30 55 55
Email: afaust@bmp.com
http://www.bmp.com
German Stock Id: 523 540
Outstanding shares: 48.8 million individual shares
Indices: SDAX/SMAX/CDAX
Ende der Mitteilung