Jena, Germany - August 24, 2006 - Intershop Communications AG (Prime Standard: ISH2) today announced that longstanding Intershop customer KarstadtQuelle AG has signed a major contract for additional licenses and services. This will boost the performance of the platforms at www.quelle.de and www.quelle.at, while also accommodating the growing number of online transactions and orders from private users and Quelle stores. It will also facilitate operations during peak periods, such as the run-up to the Holidays, which generate up to 50% of revenues.
Cooperation between Intershop and mail-order specialist Quelle, a wholly-owned subsidiary of KarstadtQuelle AG, began in 2001, when the company's Internet presence was successfully implemented in conjunction with HP Consulting and Itellium, KarstadtQuelle's IT service provider. Items ranging from clothing and multimedia products to sports equipment and household goods are available online at www.quelle.de.
In the future, Quelle's website will offer an even wider range of products, as well as short-term promotions on a limited range of items. By leveraging the Internet, Quelle is able to reach a much larger target audience than through conventional catalog sales.
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.