Cell Network signs final contract with Internet company in Italy
Cell Network signs final contract with Internet company in Italy Cell Network AB (publ) has signed final contract on the acquisition of the Internet company WEB Internet Marketing Solutions S.r.l. in Milan, Italy. "WEB has a good position on the Italian market and the acquisition further strengthens Cell Network's coverage of southern Europe," says Marcus Bäcklund, CEO in Cell Network AB. Cell Network has acquired 100 per cent of the shares of WEB. The acquisition is being implemented through a new share issue in Cell Network AB. Cell Network has existing operations in Sweden, Norway, Denmark, France, Spain, UK, Switzerland, Germany and Malaysia. WEB Internet Marketing Solutions S.r.l. WEB was established in 1996 by the brother Franco Ricchiuti and Diego Ricchiuti, whose vision was to become the leading Internet supplier of e- business solution to companies in Italy. Franco Ricciuti is president of the company, which has 20 employees with expertise in strategy, technology and design. Sales are expected to amount to about SEK 5 M in 1999. Customers include the German airline Lufthansa, the food company Kraft Jacobs Suchard, the record company BMG Records, the US insurance company Allstate Insurance, Seagram Italia, Universal Music and Initrade Spa. WEB has produced many awardwinning customer projects, amongst others are Unilevers productsite at www.axeformusic.com - awarded "1998 Best Italian Webbsite" - and Barzaghi Interiors Design at www.barzaghi.it - awarded "1999 Best Italian Webbsite ". WEB has also received first prize in the category "Innovation in Communications" 1999 on behalf of Lufthansa, see www.lufthansa.it. For further information on customers and solutions, visit http://web.webcity.it. Contacts: Arvid Liepe, head of Corporate Communications and Investor Relations, Cell Network AB (publ), Phone +46 8 522 041 85, mobile +46 709 56 51 85 The Internet company Cell Network AB (publ) is listed on the OM Stockholm Stock Exchange's O-list and has international operations in Sweden, Norway, Denmark, France, Spain, United Kingdom, Germany, Switzerland and Malaysia. The Group is a leading Internet consulting company for business development based on new digital media and aims to be one of the market leaders in the world. 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. ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/2000/04/13/20000413BIT01010/bit0001.doc http://www.bit.se/bitonline/2000/04/13/20000413BIT01010/bit0002.pdf