Jena/San Francisco, October 27, 2008 – Intershop Communications AG (Prime Standard: ISH2) won a contract last weekend to provide software and services totaling more than USD 1.7 million. In line with the payment terms, the entire contract volume will be recognized in income in the current quarter. This allows Intershop to extend its comfortable economic situation. This can be seen from an equity ratio during the first half of the year of 53% and unrestricted cash and cash equivalents of around EUR 7.4 million.
This contract gives the Client, a major customer from the U.S.A., additional licenses for the Enfinity Suite 6 e-commerce software worth more than USD 0.4 million. Intershop will provide services for the next three years worth some USD 1.3 million. The Company will support the client with the maintenance, operation, and expansion of its Enfinity system, which is the technical platform for its global sales to business customers.
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.