Novestra increases ownership in Comintell

NOVESTRA INCREASES OWNERSHIP IN COMINTELL Novestra has exercised an option to increase its ownership in Comintell Holding AB from 12% to 24% through a new rights issue in Comintell. Comintell is one of Europe's leading providers of software applications and corporate portals for knowledge management with major clients such as Ericsson, Birka Energi, Telia, Tetra Pak and IKEA. On October 17, 2000, Comintell will present Xchanger which is a software application for knowledge management developed by Comintell. "Comintell has had a very positive development since our initial investment and we believe that there will be an increase in demand for the type of software products that Comintell delivers. Lately, we have seen a generally positive business development in several of our portfolio companies. The combination of our balanced portfolio and our advantageous liquidity situation has created a situation where Novestra's business opportunities are better than ever before. The changed market situation over the past two months has only marginally affected Novestra and we still count on a very strong development in value of our portfolio in the months to come," says Thomas Åkerman, President of Novestra. For further information please contact Thomas Åkerman, President, Novestra (phone No. +46 8 545 017 50) or Gabriel Anderbjörk, CEO, Comintell Holding AB (phone No. +46 8 663 76 00). For more information regarding the companies, please see or 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 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 The following files are available for download:

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About STRAXSTRAX is a global company specializing in mobile accessories and connected devices. STRAX is listed on the Nasdaq Stockholm Stock Exchange. STRAX offers proprietary, licensed,partner branded accessories and connected devices. The proprietary brands include XQISIT, GEAR4, Urbanista, THOR, AVO+ and FLAVR. The company furthermore represents over 30 brands. The company sells to a wide channel landscape ranging from telecom operators, specialized mobile and consumer electronics retailers to online, lifestyle, convenience stores and supermarkets. STRAX was founded in Miami and Hong Kong in 1995 and has since grown significantly across the globe. STRAX has 200 employees in 12 countries and its operational HQ and logistics center is based in Germany.