DONE SOLUTIONS CORPORATION?S FURTHER REPORT ON CASH FLOW ADEQUACY FOR NEXT 12 MONTHS STATED IN Q1
Done Solutions Corporation Stock Exchange Release November 1, 2004, at 10:00 a.m.
DONE SOLUTIONS CORPORATIONS FURTHER REPORT ON CASH FLOW ADEQUACY FOR NEXT 12 MONTHS STATED IN Q1-Q3/2004 INTERIM REPORT Below is a more detailed report on the Groups cash flow adequacy for the next 12 months: 1) On September 30, 2004, the Group reported liquid assets of EUR 0.4 million, while they stood at EUR 0.5 million at 1 p.m. on October 29, 2004. Cash flow from business operations for the last 12 months was EUR 0.0 million. 2) Of the Group companies, Done Logistics Oys value of outstanding orders, based on the guidelines issued by the Accounting Board, rose from EUR 1.1 million on June 30, 2004, to EUR 2.1 million on September 30, 2004. On October 29, 2004, its value of orders came to EUR 2.5 million. Cash flow generated by the larger order book will be recognized as income during the next 12 months. At the same time, Done Logistics will continue to pursue a rigorous cost-control policy. 3) During the last 12 months, other Group operations have generated positive cash flow, which is expected to continue during the next 12 months. 4) On September 30, 2004, the Group posted working capital of EUR 0.6 million. 5) Based on an agreement with financiers, the Groups EUR 0.9 million loan from financial institutions, included in short-term liabilities stated in the Q1-Q3/2004 Interim Report, will not fall due in 2005. As stated in its Interim Report of October 29, 2004, the Group expects to generate a positive cash flow from business operations and hold adequate liquid assets during the next 12 months. Done Solutions Corporation Board of Directors For further information, please contact: Pekka Pystynen, President and CEO, tel. +358 (0)205 253427, gsm +358 (0)50 0508 962, pekka.pystynen@donesolutions.com Mika Söyring, Controller, tel. +358 (0)205 253425, gsm +358 (0)40 7770 033, mika.soyring@donesolutions.com http://www.donesolutions.com Distribution Helsinki Exchanges Major media With its shares having been quoted on the Helsinki Stock Exchanges NM List since 2001, Done Solutions is organized into the three following business units: Done Logistics provides comprehensive logistics systems, based on automated materials-handling and supporting information systems; Providor Logistics specializes in distribution and warehousing services; Done Information provides multilingual documentation services. The Groups largest customers are based in the Nordic countries, Central Europe and the United States.