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New Managing Director of Resco continues development of the only full-range Internet consulting company in Sweden

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New Managing Director of Resco continues development of the only full-range Internet consulting company in Sweden Torstein Johansen will take over as Managing Director of Resco at an Extraordinary General Meeting on 25 October 1999. On the same date, Kjell Jacobsson, outgoing Managing Director of Resco will take over the role as Executive Chairman of the Company. "This is a natural step in Resco's development," says Kjell Jacobsson, one of Resco's founders. "I will continue my involvement in the Company in the role of Executive Chairman. My main focus will be work on structural matters and acquisition as well as Resco's continued expansion abroad." At the end of the summer, a merger was carried out between Resco and Reference, one of Sweden's most prize-winning web bureaux. As a result, a company was created which will offer the market a unique combination of in- depth knowledge within business/operations development and web design as well as systems integration and business systems. "Our greatest advantage vis-à-vis our competitors is that the new Resco has precisely the distribution of skills that is demanded in large procurements of business-critical solutions," says Resco's Managing Director elect, Torstein Johansen. "My vision for the new Resco is to create the most innovative and successful Internet company in Sweden, concludes Torstein Johansen, who was previously Managing Director of Mind Innovative. The changes on the Board of Directors mean that Kjell Jacobsson will succeed Björn Ogard as Chairman. Mats Ohlson, a founder of Reference, will be appointed Board Member and at the same time, Kjell Strömlid will end his involvement on the Resco Board. For further information, please contact: Kjell Jacobsson +46 8-519 030 00 kjell.jacobsson@resco.se Torstein Johansen +70-665 65 10 torstein.johansen@resco.se Resco in brief At the end of the summer, Resco, one of Sweden's largest IT consulting companies within the business systems and operations development segments, merged with one of the most prize-winning web bureaux in Sweden, Reference. As a result, one of the largest full-range Internet consulting companies in Sweden was created with 410 employees. Resco has been quoted on the O list of the Stockholm Stock Exchange since 1996. ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/1999/10/08/19991008BIT00300/bit0001.pdf http://www.bit.se/bitonline/1999/10/08/19991008BIT00300/bit0002.doc