Ad-hoc-correction Preliminary Results BRAIN FORCE HOLDING AG: Preliminary Q3, 2007 figures and forecast for Q4, 2007 and FY 2008 Ad hoc announcement transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ------------------------------------------------------------------------------ The Ad-hoc release of BRAIN FORCE HOLDING AG form November, 9, 2007 is a typing error in the table. The correct wording in row 3 is 'EBIT before restructuring and impairment costs' instead of 'EBITDA before restructuring and impairment costs'. The correct Ad-hoc is: In the third quarter of FY 2007 closing on September 30, the BRAIN FORCE Group achieved net sales of EUR 23.7 million, i.e., a YoY growth of 16.8 %. For quarters 1 – 3 this gives net sales of EUR 71.4 million (+ 13.1 %). In the third quarter, the operative EBITDA was EUR -748,000, the accumulated operative EBITDA accounts for EUR 547,000. The operative EBIT before reorganisation and depreciation of company goodwill in Q3 was EUR -1.8 million. This results in an accumulated EBIT of EUR -3.3 million in the first three quarters. After reorganisation and depreciation of company goodwill, which were fully accounted for in quarters two and three as announced, an EBIT of EUR -6.7 million in Q3 and of EUR -17.4 million in the first three quarters was achieved. As a response to changes in market conditions, further depreciations of goodwill totalling approx. EUR 2.4 million were posted in Q3. Thus, the result for the period as at the end of Q3 is EUR -9.6 million, which means a result for Q1 – 3 of EUR -20.3 million. While the equity ratio of the BRAIN FORCE Group is 36 %, the gearing is 27 %, and net indebtedness amounts to EUR 7 million. From today’s perspective, Q4 closing on December 31, 2007 will bring net sales of about EUR 26 million and therefore yield a positive EBIT contribution of about half a million EUR, thereby confirming the effectiveness of our new approach. The operating result for the financial year will thus largely correspond to the expectations of the new management team which have already been published. The turnaround in Q4 which has already begun should be confirmed in the next financial year; the management forecasts an increase of net sales in the range of 5 to 10 percent. From today’s viewpoint, the 2008 EBIT should be between EUR 2 and 3 million. On Tuesday, November 13, 2007, Günter Pridt, CEO of BRAIN FORCE HOLDING AG will explain details of the rationalising measures and of the efficiency increase initiative and present the revised company strategy to investors and analysts as part of the Deutsche Börse Equity Forum in Frankfurt. --------------------------------------------------------------------------- Information and Explaination of the Issuer to this News: in EUR million Q1-3 2007 Q3 2007 Q4 2007e 2007e Q1-3 2006 Revenue 71.4 23.7 26.6 98 63.2 EBITDA before 0.5 -0.7 1.6 2.1 3.8 restructuring EBIT before -3.3 -1.8 0.6 -2.7 restructuring and impairment costs EBIT -17.4 -6.7 0.6 -16.8 1.3 Results for the -20.3 -9.6 -0.2 -20.5 1.4 period Contact: BRAIN FORCE HOLDING AG Martin Kögel Wilhelm-Wagenfeld-Straße 30 D-80807 München Phone: +49 (0) 89 74833-985 Fax: +49 (0) 89 74833-920 mailto: martin.koegel@brainforce.com (c)DGAP 09.11.2007 --------------------------------------------------------------------------- Language: English Issuer: BRAIN FORCE HOLDING AG Wagramer Straße 19 A-1220 Wien Österreich Phone: +43 (1) 2630909-0 Fax: +43 (1) 2630909-40 E-mail: postoffice@brainforce.com Internet: www.brainforce.com ISIN: AT0000820659 WKN: 919331 Listed: Foreign Exchange(s) Wien End of News DGAP News-Service ---------------------------------------------------------------------------