Affärsstrategerna increases in Radio Design
Affärsstrategerna has of December 16, increased its shares in Radio Design, through subscription with and without preference with more than approximately 300 000 shares and 50 000 options, from previous total 40 000 shares. Claes-Göran Fridh has participated in the group called "Wireless Center" which has restructured the direction towards Bluetooth ,Wireless LAN, W-CDMA and WAP. " We look positively at the future possibilities and Radio Design's new CEO, Pål Krüger, has previously created increased shareholder value" says Claes-Göran Fridh, CEO Affärsstrategerna. For more information : please contact CEO of Affärsstrategerna, Claes-Göran Fridh, at telephone no +46-8-662 40 30 or e-mail: cgfridh@astrateg.se Affärsstrategerna i Sverige AB, a company listed on the OM Stockholmsbörsens O- lista, is a venture capital company investing seed/start-up capital in the IT/Telecom and medical technology sectors. Affärsstrategerna currently has 18 investments in its portfolio: Artema, Artimplant, Chemel, Cortree, European Institute of Science, Financial Edge Development, Fingerprint Cards, FreeHand Communication, Game Design, Goseberg Bruk, Megacon, Naty, Radio Design, RS Cordless Technology, Safeplus, Samba Sensors, Skolboken.se, and Web Update. Affärsstrategerna divests in Wireless Solutions. Affärsstrategerna divests its shares in Wireless Solutions to Allgon. Affärsstrategerna receives SEK 32.5 m in a combination of SEK 17.5 m in cash and 100 000 B-shares in Allgon. The book value of the investment is SEK 7 m, thus a profit of SEK 25.5 m, representing an increase of almost SEK 7 per share in Affärsstrategerna. "This transaction gives Affärsstrategerna financial resources that will be used for interesting investments in the year to come", says Claes-Göran Fridh, CEO Affärsstrategerna i Sverige AB". For further information please contact: Claes-Göran Fridh, CEO Affärsstrategerna, phone +46-8-662 40 30 or e-mail: cgfridh@astrateg.se. Affärsstrategerna i Sverige AB, a company listed on the OM Stockholmsbörsens O- list, is a venture capital company investing seed/start-up capital in the IT/Telecom and medical technology sectors. Affärsstrategerna currently has 18 investments in its portfolio: Artema, Artimplant, Chemel, Cortree, European Institute of Science, Financial Edge Development, Fingerprint Cards, FreeHand Communication, Game Design, Goseberg Bruk, Megacon, Naty, Radio Design, RS Cordless Technology, Safeplus, Samba Sensors, Skolboken.se, and Web Update. ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/1999/12/22/19991222BIT01060/bit0001.doc http://www.bit.se/bitonline/1999/12/22/19991222BIT01060/bit0002.pdf