Cell Network AB receives assignment from GE Capital Equipment Finance

Cell Network AB receives assignment from GE Capital Equipment Finance Cell Network AB has received an assignment from GE Capital Equipment Finance AB, Stockholm, to participate in development of an e-business system. Cell Network AB has earlier signed an agreement with General Electric Company (U.S.) pertaining to the development of strategic e- business services in the Nordic market. GE Capital Equipment Finance AB is a leading player in the leasing of information technology (IT) equipment and office equipment. During the autumn Cell Network AB participated in the refinement of an e-business strategy for GE Capital Equipment Finance AB. "With this project we want to strengthen relationships with our dealers and increase our range of services to them," says Lennart Sten, Managing Director of GE Capital Equipment Finance. "This is a first step in a strong program in e-business." "It is very exciting to be able to develop part of the system for the strategy that has been adopted and we see many opportunities for further cooperation with GE Capital Equipment Finance," says Pernilla Röjdmark, Cell Network's key account manager responsible for the strategic cooperation with General Electric. A team of seven persons will work on the assignment which is expected to be carried out over a period of two months. Background information on GE Capital Equipment Finance GE Capital Equipment Finance AB is a part of GE Capital Services, one of the world's leading financing groups. The company now has 145 employees in the Nordic countries. Offices are located in Stockholm, Gothenburg, Malmö, Oslo, Copenhagen and Helsinki. Via GE Capital Services, the company is part of the General Electric Group, whose history began with Thomas Alva Edison's invention of the electric light bulb and the founding of the Electric Light Company in 1878. General Electric today has 293,000 employees and is active in more than 100 countries. The Internet company Cell Network AB (publ) is listed on the OM Stockholm Stock Exchange's O-list and has international operations in several countries. The Group is a leading Internet consulting company for business development based on new digital media and aims to be the European market leader. Customers include General Electric, Telia, Nokia, ABB, Volvo, Telenor, Renault, Saab, Banque Nationale de Paris, Ericsson, Braathens Malmö Aviation, Astra-Zeneca, Procordia, De norske Bokklubbene, Nationalencyklopedin, Svenskt Flyg, Bonnier, Torget (Swedish Post) and Electrolux Home. To subscribe to press releases online, visit www.huginonline.com. For further information, contact: Cecilia Hellman, Corporate Communications, Cell Network AB (publ), +46 31 722 10 09 or +46 739 733 009 Arvid Liepe, Investor Relations, Cell Network AB (publ), +46 8 522 041 85 or +46 709 56 51 85 Pernilla Röjdmark, Key Account Manager GE, Cell Network AB (publ), +46 8 522 041 55 or +46 709 56 51 55 Lennart Sten, Managing Director, GE Capital Equipment Finance AB, +46 8 457 71 28 or +46 706 97 81 70 ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/2000/01/04/20000104BIT00290/bit0001.doc http://www.bit.se/bitonline/2000/01/04/20000104BIT00290/bit0002.pdf