Significant surplus values in its portfolio in relation to book values and a limited need for write-offs in relation to

SIGNIFICANT SURPLUS VALUES IN ITS PORTFOLIO IN RELATION TO BOOK VALUES AND A LIMITED NEED FOR WRITE-OFFS IN RELATION TO SHAREHOLDERS' EQUITY Despite the decline in the stock markets and reduced activities in the venture capital market, AB Novestra 's management currently estimates that the future need for write-offs in relation to shareholders' equity as of September 30, 2000 is less than 10 percent. At the same time, the net asset value of the portfolio is estimated to exceed book values considerably. "The development in most portfolio companies continues to be positive and, even though a few companies may complete transactions at lower valuations, it is generally a matter of exceptions rather than a rule. We also see some future transactions at large surplus values in relation to book values. Today, the net asset value is significantly higher than our book values and we believe that our balanced portfolio has possibilities to develop well over the next 12 to 24 months," Novestra's President, Thomas Åkerman, says. For further information please contact Thomas Åkerman, President, AB Novestra phone No. +46 8 545 017 50 For more information regarding AB Novestra, please see www.novestra.com. 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 Holding 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 http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2000/12/14/20001214BIT00130/bit0001.doc http://www.bit.se/bitonline/2000/12/14/20001214BIT00130/bit0002.pdf

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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.

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