DONE SOLUTIONS CORPORATION AGREES ON SETTLEMENT WITH DONE LOGISTICS AB'S BANKRUPTCY ESTATE
Done Solutions Corporation Stock Exchange Release, April 7, 2006, at 4:50 pm
DONE SOLUTIONS CORPORATION AGREES ON SETTLEMENT WITH DONE LOGISTICS AB'S BANKRUPTCY ESTATE Done Solutions Corporation has today reached a settlement with the bankruptcy estate of Done Logistics AB, a subsidiary of Done Solutions Corporation in Sweden. The bankruptcy estate demanded a payment of a maximum amount of SEK 30 million (about EUR 3.2 million) from Done Solutions Corporation. According to the settlement, Done Solutions Corporation makes a one-time payment of EUR 0.2 million (about SEK 1.9 million) to the bankruptcy estate. As a part of the settlement, Done Solutions Corporation continues the dispute between the bankruptcy estate of Done Logistics AB and Arla Foods AB over a supply agreement. Arla Foods AB's claim lodged against Done Logistics AB's bankruptcy estate comes to around EUR 1.0 million and the claim filed by Done Logistics AB's bankruptcy estate against Arla Foods AB totals approximately EUR 0.6 million. Done Solutions Corporation has agreed in 2001 to grant a reguarantee to Done Logistics AB for the performance guarantee granted by SEB and Construction Dexion AB, related to the supply agreement in question. Done Solutions Corporation Pekka Pystynen President and CEO For further information, please contact: Pekka Pystynen, President and CEO, tel. + 358 (0)205 253427, gsm +358 50 0508 962, pekka.pystynen@donesolutions.com http://www.donesolutions.com Distribution Helsinki Exchanges Major media With its shares having been quoted on the Helsinki Stock Exchange's NM List since 2001, Done Solutions is organized into three business areas: Services (Done Information) provides multilingual documentation services; Systems (Done Logistics) provides comprehensive logistics systems, based on automated materials- handling and supporting information systems; and Health Care (Tiolat) provides iCare-tonometers for eye specialists and opticians. The Group's largest customers are based in the Nordic countries, Central Europe and the United States.