Framfab expands into the United States

Framfab expands into the United States Stockholm, Sweden, December 16, 1999 eBizApps.com's experienced management team will launch Framfab's expansion into the U.S. eBizApps.com was established in May 1999 and has rapidly grown to 15 employees. The Palo Alto based company specializes in eBusiness solutions. eBizApps.com's services include Internet strategy consulting, eBusiness applications development, and backend systems integration. Current clients include Stanford University, WallStreetDirect.com, DaimlerChrysler, PlanetArts.com, and MyTradeIn.com. eBizApps.com is Framfab's first acquisition in the U.S and will be the base for further expansion. With this purchase, and the recently announced acquisitions of Mindfact in Germany and Guide in Sweden, Framfab will have more than 1,500 employees with operations in seven countries. This will make Framfab the world's third largest Internet Professional Services Firm. Framfab acquires 100 percent of eBizApps.com with shares. An additional performance based incentive will also be paid in Framfab shares. The U.S. subsidiary will use the name Framfab. Said Jonas Birgersson, Framfab CEO, "The management team has already proven that they can achieve rapid growth while maintaining high quality and profitability. Their extensive experience in companies like the management consultancy Global Business Network will help Framfab achieve a successful entry into the U.S. The company's strategy and applications development experience will help us better serve our existing base of multinational clients as well as emerging dot coms in the vital U.S. market." In a joint statement by eBizApps.com, Robert Eisenberg, CEO and Ben Fuller, President said, "We are pleased to help Framfab establish a presence in the United States. Their mastery of strategy, applications, and design -- significantly Mobile Internet and Broadband Internet technologies -- will strengthen our position in the U.S. market. Our companies share an entrepreneurial spirit, a global perspective, lean operations, and an emphasis on quality and growth." For further information please contact: Jonas Birgersson, CEO Framfab, +46 70 515 27 62, jonas.birgersson@framfab.se, or Martin Anderlind, VP Market Communications, Framfab, +46 70 658 85 42,martin.anderlind@framfab.se, www.framfab.com Ben Fuller, President eBizApps, +1 650 330 1770, ben@ebizapps.com, www.ebizapps.com Framfab's business concept is to create new business for the network economy through strategic consulting and digital services. Framfab today has over 750 employees (1500 incl. Guide) divided among 21 offices located in Cologne, Copenhagen, Gothenberg, Linköping, London, Lund, Malmö, Paris, Stockholm, Uppsala and Västerås. Framfab is the general supplier of Internet services to Volvo Car Corporation, the Volvo Group, Vattenfall, IKEA and Electrolux. Among other clients are 3M, AstraZeneca, AXA, Ericsson, France Telecom, The Red Cross, The SAAB Group, Tele Danmark and Unibank. Framfab is listed on the Stockholm Stock Exchange's "O" list (ticker FTID). ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/1999/12/16/19991216BIT00240/bit0001.doc http://www.bit.se/bitonline/1999/12/16/19991216BIT00240/bit0002.pdf