Jena, June 28, 2006 – Intershop Communications AG (Prime Standard: ISH2) today announced the acquisition of SoQuero GmbH.
SoQuero GmbH, which currently employs 12 staff in Frankfurt am Main, Germany, specializes in online marketing and generated positive earnings in 2005 from revenues of EUR 1 million. Intershop has acquired all the shares of SoQuero GmbH. The purchase price will be paid in cash. The sellers will also receive stock options from the Intershop stock option program to help secure their longer-term commitment to Intershop.
Following consolidation, the revenues generated by SoQuero GmbH for the period January 1 to June 28, 2006 will increase Intershop’s revenues correspondingly. Intershop will announce its second quarter results on July 27, 2006.
Intershop Communications AG (founded in Germany 1992; Prime Standard: ISH2) is the leading independent provider of omni-channel commerce solutions. Intershop offers high-performance packaged software for internet sales, complemented by all necessary services. Intershop also acts as a business process outsourcing provider, covering all aspects of online retailing up to fulfillment. Around the globe more than 300 enterprise customers, including HP, BMW, Würth, and Deutsche Telekom run Intershop solutions. Intershop is headquartered in Jena, Germany, and has offices in the United States, Europe, Australia, and China. More information about Intershop can be found online at www.intershop.com.
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.