Jena, Germany, March 22, 2007 – Intershop Communications AG (Prime Standard: ISH2) today announced, that ITELLIUM Systems & Services GmbH, the IT service provider of the German QUELLE Group, signed a major contract for services and maintenance for the three following years.
The contract has a volume of 4.8 million EURO services revenues. The services and maintenance revenues will be evenly recognized as from the fiscal year of 2007 to the fiscal year of 2009.
The results for the first quarter 2007 will be announced on April 26, 2007.
Intershop Communications AG (founded in Germany 1992; Prime Standard: ISHA) is an independent, internationally leading provider of omnichannel commerce solutions. The latter are available as cloud-based commerce-as-a-service solutions or as licensed models and combine the expertise from over 25 years of software development for online commerce. Upon request, Intershop orchestrates the entire omnichannel commerce process chain – from the design of online channels to the implementation of software to fulfillment. Around the globe more than 300 enterprise customers run Intershop solutions. Customers include large corporations such as HP, BMW, Würth and Deutsche Telekom as well as medium-sized enterprises. Intershop operates in Europe, the USA and the Asia-Pacific region.
This news release contains forward-looking statements regarding future events or the future financial and operational performance of Intershop. Actual events or performance may differ materially from those contained or implied in such forward-looking statements. Risks and uncertainties that could lead to such difference could include, among other things: Intershop's limited operating history, the unpredictability of future revenues and expenses and potential fluctuations in revenues and operating results, significant dependence on large single customer deals, consumer trends, the level of competition, seasonality, risks related to electronic security, possible governmental regulation, and general economic conditions.