Resco and SandellSandberg sign Letter of Intent:

Resco and SandellSandberg sign Letter of Intent: Resco and SandellSandberg are to combine their strengths within communication, business systems and technology Resco AB and the communication bureau, SandellSandberg, are signing a Letter of Intent regarding a merger. Resco, which has 440 staff, and SandellSandberg with 48 staff will together offer a unique combination of expertise within communication, business systems and technology. In 98/99, SandellSandberg reported sales of SEK 53.8M, (bureau income of SEK 32M) and a profit of SEK 11.3M. Payment will be made with 525,000 newly-issued Resco shares. The deal will affect Resco's result positively in the year 2000. Final agreement is expected to be signed in April. The deal is subject to customary due diligence and the approval of the Annual General Meeting. With the deal, the merged companies will consist of nearly 500 individuals with spearhead expertise in system integration, business systems, business development, market communication and design. "SandellSandberg has a broader view on communication than traditional advertising agencies. Precisely like us, they have understood that today's challenge is to view the customers' operations from an overall perspective," says Torstein Johansen, Managing Director of Resco. "At an early stage, Resco has dared to mix spearhead expertise within areas of expertise such as the web, business systems and system development. We will not only be the best by mixing different disciplines, our areas of expertise will also be outstanding within the respective niche. Through the strengthening with SandellSandberg, we are now strengthening the communications segment still further," says Torstein Johansen. "Developments within the new economy demand that you contribute a number of different skills to solve the assignments from an overall perspective. Resco complements our business concept "to build and communicate strong and sustainable identities" by expanding the companies' business opportunities in depth. We ourselves have seen how synergies arise when we combine advertising, branding and architecture. Together with Resco we will be able to offer our customers new opportunities which nobody else will be able to offer," says Ulf Sandberg of SandellSandberg. For further information, please contact: Resco switchboard +46 8-51 90 30 00 Torstein Johansen, Managing Director, Resco,+46 706-65 65 10 Fredrik Härén, Head of Information, Resco +46 705-86 18 18 fredrik.haren@resco.se Ulf Sandberg, SandellSandberg, +46 709-63 27 22 Thomas Sandell, SandellSandberg, +46 709-63 27 23 Joakim Uebel, Managing Director, SandellSandberg+46 709-63 27 25 About Resco Resco is one of the largest full-range Internet consulting companies in the Nordic countries. The Company combines the ability of the modern web bureau to communicate with extensive and in-depth expertise within operations development, business systems and system integration. With specialists in business systems, system integration, market communication, web technology and competence management, Resco has a unique position on the Nordic IT/Internet market. With the deal with SandellSandberg, Resco has 490 employees (450 in Resco and 40 in associated companies). Resco was established in 1982. In 1996, Resco was quoted on the O list of the OM Stockholm exchange. About SandellSandberg SandellSandberg combines advertising, architecture and the common areas that lie in between. The business concept is to build and communicate strong and sustainable identities. SandellSandberg, which was formed in 1995, is a young company which represents extensive knowledge as a result of the previous experience of the founders. The company is now operating internationally for, among others, MEXX, EF, SAAB, IKEA. Ulf Sandberg is Art Director, formerly of Hans Brindfors Annonsbyrå, including three years in the role of Managing Director. He is, among other things, known for the launch of the SAAB 900 Pripps Blå. He is currently responsible for MEXX's trademark advertising worldwide. Thomas Sandell, Arkitekt SAR and SIR (Chairman of SAR) is one of the best- known architects and designers. He is well-known for buildings and interior design as well as furniture design with principals such as IKEA, SAAB, Moderna Museet, Arkitektur Museet. Joakin Uebel, Managing Director, is a lawyer and market economist. He previously worked for ten years in Beijer Capital and Servisengruppen. SandellSandberg currently consists of 48 staff who are involved with strategic advertising, architecture, interior design, product design, web design, corporate identity and packaging design. SandellSandberg is also a stakeholder in Brand Management, the first concentrated coonsulting company focused on trademark processes. The largest customers are MEXX International, Twilfit AB, FLT Media, Protect Data, Net Insight, EF Langauge Center (Boston), EHPT, IKEA of Sweden, NCC AB, SAAB Italia. ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/2000/03/27/20000327BIT01090/bit0001.doc http://www.bit.se/bitonline/2000/03/27/20000327BIT01090/bit0002.pdf