Ambio signs agreement with Vasakronan

Ambio signs agreement with Vasakronan Ledstiernan Mobile Ventures' portfolio company Ambio AB has signed an agreement with Vasakronan for the management of fault reports for Vasakronan's property portfolio in Luleå. Briefly, Ambio's business concept is to help landlords manage their properties more efficiently and assure the quality of their management. Ambio also has an option to manage fault reports for Vasakronan's entire property holdings throughout Sweden. "We've been operating the system on a trial basis for some time and are very satisfied with the results so far," says Bengt-Olov Bredberg, Vasakronan's market area manager in Luleå. "Vasakronan focuses on tenant benefit, and by using FOCUZ, Ambio's proprietary system, we can improve our service even further. Tenants can easily send in fault reports, and then keep a check on whether they have been dealt with. Those of our tenants who have been given training in the system have responded very favourably. FOCUZ also generates first-rate fault statistics which enables us to trace and deal with the more common types of faults quite easily, and thereby eventually reduce fault rate," continues Bredberg. Ambio, which recently changed its name from CareTec AB, has developed FOCUZ, a data processing system that integrates property data and presents it on the Internet or on a WAP phone. Property service personnel in the field can send and receive maintenance instructions and operational data on-line. FOCUZ also enables financial specialists and administrative managers to monitor costs, maintenance work, and the management situation. Ledstiernan's wholly owned incubator, Ledstiernan Mobile Ventures, is one of the main shareholders in Ambio with an equity interest of 25 per cent. The other shareholders are the company's three founders: Björn Lindgren, president, Anders Toresson, and Janne Bäcklund. For further details, please contact: Arne Nabseth, COO Ledstiernan Mobile Ventures: +46-70-606 18 36 Björn Lindgren, president Ambio: +46-70-587 97 93 (mobile) Bengt-Olov Bredberg, Market Area Manager Vasakronan (Luleå): +46-70-529 65 98 Ledstiernan is building Europe's leading Seed and Venture Capital Company with a special focus on Wireless Applications and Mobile Internet ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2000/11/24/20001124BIT00600/bit0001.doc http://www.bit.se/bitonline/2000/11/24/20001124BIT00600/bit0002.pdf