net.IPO Makes First-Year Profit

[London, ENGLAND] European Internet investment bank
net.IPO Aktiengesellschaft
announced Friday a preliminary operating income before tax
of DM 3.2 million (US $1.56 million) in its first complete
fiscal year to the end of March 2000.

In the year in question, net.IPO handled 20 initial public
offerings and two capital increases on the Neuer Markt,
and one other IPO on the Swiss New Market. It derived income
from commission, investment, and interest amounting to DM 10
million (US $4.80 million).

Stefan Albrecht, chief executive officer of net.IPO, said
he was very satisfied with the results.

“We will expand our successful business model in this second
stage of growth to achieve a complete coverage throughout Europe.
To this end we have already established net.IPO-Frankreich and
net.IPO-Italien as the basis for future growth,” said Albrecht.

In June, a huge placement of Deutsche Telekom shares opened
a new chapter in net.IPO’s new issue business, effectively
establishing the first Pan-European Internet issuing platform.

For the first time, private investors in Germany, France, and
Italy were able to subscribe for shares via
netIPO.de,
netIPO.fr, and
netIPO.it.

net.IPO has achieved its key position in Europe largely
by extending its reach through various financial information
service providers, such as Wallstreet-Online in Germany,
FinanceNet in France, and SoldiOnline in Italy.

net.IPO is currently expanding into Spain where it
has a tie-up with Web Financial Group.

By means of its strategic alliances, net.IPO has
attracted over 0.8 million private investors in
addition to its user base in Germany of 115,000
members.

The outlook remains good, according to net.IPO. It
reports a sharp increase in the placed new issue volume
for the first months of the current fiscal year.