New Wave Group AB establish a subsidiary company in Frande

New Wave Group AB establish a subsidiary company in France New Wave Group AB establish a subsidiary company in Lyon, France. The company will operate from April 1, 2000. The Managing Director will be Mario Bianchi, also Managing Director for New Wave's subsidiary company in Italy. France is one of the biggest profile markets in Europe. The company will initial operate only at the profile market. The brand Clique will be distributed from the start. Distribution of further brands for the profile market will start from 2001. For further information, please contact; Managing Director, CEO, Torsten Jansson, 0708-99 80 50, 033-22 58 50 Financial Director, CFO, Jörgen Bender, 0708-99 80 55, 033-22 58 50 Borås January 17, 2000 New Wave Group AB (publ) Torsten Jansson Managing Director ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/2000/01/17/20000117BIT00490/bit0001.doc http://www.bit.se/bitonline/2000/01/17/20000117BIT00490/bit0002.pdf