Effnet Group AB reduce the staff

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Effnet Group AB reduce the staff The management and board of Effnet Group AB have in line with the previously communicated program of cost reduction, decided to reduce the staff by 15 people. This will be implemented during the fourth quarter. About Effnet Effnet develops and sells embedded software that increases the efficiency, speed and security of IP traffic on fixed and mobile networks to manufacturers of network products. Effnet techniques enable optimal performance for IP packet processing. The company was founded by leading researchers in the Header Compression field and has operations in Stockholm, Sweden and Tucson, Arizona. Effnet Group AB is quoted on the New Market in Sweden (symbol: EFFN). More information can be found at www.effnet.com. For further information please contact: Göran E. Larsson, CEO Effnet Group AB Tel: +46 8 564 605 50 Mobile: +46 705 65 68 69 Johan Ericsson, CEO Factum Electronics AB Tel: +46 13 36 86 15 Mobile: +46 708 60 48 71 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/10/24/20021024BIT01080/wkr0001.doc http://www.waymaker.net/bitonline/2002/10/24/20021024BIT01080/wkr0002.pdf