Novestra increases its shareholding in Mobilestop.com inc.
NOVESTRA INCREASES ITS SHAREHOLDING IN MOBILESTOP.com Inc. Novestra has subscribed for a further 375,143 shares in Mobilestop.com Inc. in a new share issue, thereby obtaining a 6.2% shareholding in the company. Novestra also holds options to subscribe for a further 557,143 shares which would give Novestra a shareholding of 7.9%. "The management resources that Mobilestop has injected recently are improving the conditions for the company's success in a competitive market. It is clear that Mobilestop's new President, Håkan Wretsell, who previously participated in the successful build-up of Ericsson's business in North and South America, believes in the business strategy and the services that Mobilestop will be offering to hardware producers and operators within the mobile phone market," says Novestra's Chairman and CEO Theodor Dalenson. For more detailed information regarding Mobilestop's newly appointed President and CEO, Håkan Wretsell, please see the attached Mobilestop press release. For further information please contact Theodor Dalenson, Chairman and CEO, tel. +46 8 545 017 50. Novestra is one of the leading venture capital investment firms in the Nordic countries, primarily with a focus on companies providing enabling services to the network economy. Novestra's portfolio of companies includes B2 Bredband AB, Comintell AB, Continuum Group Ltd, Fanglobe Inc, IQUITY Systems Inc, Mobilestop.com Inc, Netsurvey AB, PowerNet AB and Qbranch AB. Novestra's shares are listed on the O list of the OM Stockholm Exchange. ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2000/09/11/20000911BIT01030/bit0001.doc http://www.bit.se/bitonline/2000/09/11/20000911BIT01030/bit0002.pdf http://www.bit.se/bitonline/2000/09/11/20000911BIT01030/bit0003.doc appendix