In the third quarter of 2001, ComROAD increased its turnover by more than 110 %

In the third quarter of 2001, ComROAD increased its turnover by more than 110 %
Unterschleissheim (Germany), October 23, 2001 — In the third quarter of the business year 2001, ComROAD AG, (Neuer Markt: RD4), worldwide leading provider of telematic networks, reached a turnover of € 27.9 million — this equals an increase of more than 110 % compared to the same period in the previous year.
With the company stepping up its marketing activities at the trade fairs "Internationale Funkausstellung" (International Radio and Television Exhibition in Berlin, August 2001), "Internationale Automobilausstellung" (International Automobile Exhibition) and "EyeforAuto" telematics congress (Frankfurt, September 2001), the "ITS (International Transport Services) World Congress" in Sydney, SYSTEMS in Munich (October 2001) as well as a road show in China, a great number of major new orders could be generated in cooperation with ComROAD's 36 GTTS partners, 3 distributors and 800 dealers.

As a result, the Board of Management expects that the company will reach the turnover of € 95 million targeted for the business year 2001.

The final quarterly performance as well as the reporting about the period ending on September 30, 2001, will be announced on November 5, 2001.

 


ComROAD Aktiengesellschaft, established in 1995, is the worldwide leader for the development and commercialization of telematic networks . Through the integration of globally available technologies such as GPS (Global Positioning System), GSM (Global System of Mobile communication) and web-based information systems, the company has created a worldwide network of telematic services, already being installed in 33 countries. This includes applications in the telematic sector, such as security monitoring, fleet management, off-board navigation and road assistance, the provision of communication and information services as well as web-enabled office applications for mobile use. Via its headquarters in Unterschleißheim near Munich and further sites in Sarasota, USA, and Hongkong, China, ComROAD ensures 24/7 operation of telematic control centers in three major world time zones. For the business year 2001, the company which is listed at the German Stock Exchange (Neuer Markt:RD4) expects a turnover of Euro 95 million. For further information please visit www.comroad.com

 
Contact:
ComROAD AG
Dipl. Ing. Bodo A. Schnabel
CEO
Edisonstr. 8
85716 Unterschleissheim
Germany
Tel.: +49-(0) 89-315 719-0
Fax: +49-(0) 89-315 16 94
Email:
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Media Relations
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