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Additional information on Flex-Foot Inc. from Ossur hf.

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At a telephone-meeting with Jon Sigurdsson, CEO, and Arni Alvar Arason, financial manager of Ossur, the following information on Flex-Foot Inc. were revealed. <br>
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The aquisition will be financed with equity capital, loan capital and offering of a new stock-issuance, of which the amount has not yet been decided. <br>
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Capital employed in Flex-Foot at year-end 1999 amounts to USD 13.5 millions. Current assets were USD 7.7 millions and equity ratio was 15.2%<br>
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Research end development cost for the year 1999 was USD 2.1 million or 7.6% of turnover.  Ossur's equivalent percentage was 6.8 for the same period.<br>
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The founder of the company, Van Philips, will continue to work for the company while Robert Fossberg, Director, will resign.  No material changes in the staff are expected.<br>
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