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ecotel communication ag: ecotel transfers to the Prime Standard
ecotel communication ag / Miscellaneous
Release of a Corporate News, transmitted by DGAP - a company of EquityStory
AG.
The issuer / publisher is solely responsible for the content of this announcement.
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Transparency disclosure in accordance with Article 17 (2) of the Terms and
Conditions for the Regulated Inofficial Market of the Frankfurt Stock
Exchange:
Düsseldorf, August 08, 2007
ecotel communication ag has completed the already announced transfer to the
Prime Standard. On Monday, August 06, 2007, ecotel’s share capital
consisting of 3.900.000 shares has been admitted to trading in the Official
Market (Amtlicher Markt) of the Frankfurt Stock Exchange with
simultaneousadmission to the sub-segment of the Official Market with
additional post-admission obligations (Prime Standard). Listing takes place
today. In connection with the transfer to the Prime Standard, no public
offer was made.. ecotel is the fourth company, which has realised the
transfer to the Prime Standard since the existence of the Entry Standard.
'We are happy about the successful transfer to the Prime Standard and
regard this as consequeantial step of ecotel’s stock exchange history.
Since our IPO in March 2006, we have already complied with various
'Official Market' reporting and governance requirements beyond the Entry
Standard guidelines. Now we have to comply with all transparency
requirements of the Prime Standard and open our company for a broader
investor base. We also respond to the growing importance of the capital
market for our future business, especially with regard to the ongoing
consolidation of the telecommunication market', says Peter Zils, CEO of
ecotel.
The prospectus required for the transfer of the shares to the Prime
Standard is available on ecotel’s web site (www.ecotel.de).
About ecotel communication ag:
As a telecommunications company that operates throughout Germany, ecotel
communication ag specialises in the requirements of small and medium-sized
enterprises. In its core 'Business Customer Solutions' division, ecotel
offers innovative voice, data and value added services including direct
connections as a full, low-cost package from a single source. Since
acquiring Tiscali Nacamar GmbH in March 2007 (now operating under nacamar
GmbH), ecotel also has professional data services such as secure networking
of corporate locations (VPN) in its portfolio and operates its own German
backbone network including a data centre in Frankfurt. The Company now
provides more than 45.000 business customers from all sectors throughout
Germany with standardised and individual telecommunications solutions.
In its second division 'Resale' the company provides telecoms carrier
services to other telecoms operators and non-industry distributors as well
as wholesale services. In addition, ecotel operates a state-of-the-art
Wholesale platform for the inter company trade of telephony minutes with
over 90 national and international carriers and broadens its value chain
for the core business 'business customers'.
ecotel was founded in 1998 and is headquartered in Düsseldorf. At present,
the group has over 230 employees. It is among the fastest growing
technology companies and was ranked 8th and 38th in 2005 and 2006 in the
Deloitte 'Technology Fast 50' competition.
Please note:
This publication does not constitute an offer for the sale of shares in the
company or a solicitation of an offer for the purchase of shares in the
company. Furthermore this publication shall not constitute a securities
prospectus. This document must not be distributed outside of Germany, in
particular not in the United States of America, Canada, Australia or
Japan.
Press contact:
ecotel communication ag
Wirtschafts- und Finanzmedien
Annette Drescher (Assistentin des Vorstandes)
Tel.: 0211-55 007-740
Fax: 0211-55 007 5 740
Email: presse@ecotel.de
Fachmedien
Alexandra Rath
Tel.: 0211-55 007-310
Fax: 0211-55 007 5 310
Email: presse@ecotel.de
Further information: www.ecotel.de.
DGAP 08.08.2007
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Language: English
Issuer: ecotel communication ag
Prinzenallee 9-11
40549 Düsseldorf
Deutschland
Phone: +49 (0)211 55 00 7300
Fax: +49 (0)211 55 00 75300
E-mail: info@ecotel.de
Internet: http://www.ecotel.de
ISIN: DE0005854343
WKN: 585434
Indices:
Listed: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in
Berlin, Stuttgart, München, Düsseldorf
End of News DGAP News-Service
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