Aspiro AB (publ): Year-end Report 2002

- Net sales totalled SEK 34.2 m (SEK 43.9 m). - The result after financial items amounted to SEK –99.9 m (SEK –220.0 m). - The company’s liquid funds amounted to SEK 7.3 m (SEK 95.9 m). After the end of the period, two cash share issues have provided Aspiro SEK 32.9 m before issue expenses. - During 2002, Aspiro signed 35 (87) new sales agreements with customers in Europe and the USA, including three (18) agreements in the fourth quarter. At the end of the period, Aspiro’s customers base included 29 mobile telecom operators and portals. - The acquisition of Picofun AB, in August, broadened Aspiro’s range of game and entertainment applications and strengthened the company’s customer base with additional 20 operators and mobile portals. - Aspiro was granted company reorganisation in November with the purpose of solving the company’s financial situation. The company reorganisation was repealed on January 31 2003, as the reorganisation process was successfully accomplished. - A restructuring program has decreased the company’s monthly operative expenses to about SEK 2.7 m.