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Varetis AG sells business unit "DA-solutions"


Munich, November, 2nd, 2005 - Today, Varetis AG has signed an agreement to sell its subsidiary Varetis Solutions GmbH to an affiliate of the US telecommunications and information service provider Volt Information Sciences Inc. (NYSE: VOL). The purchase price amounts to Euro 20.8 millions. The sale is subject to approval by the shareholders' meeting of Varetis AG and the purchaser's board of directors. Now, Varetis AG will focus completely on its consumer services: the Internet directory service GoYellow and the telephone directory services of its subsidiary Telix AG.

In the first nine months of the current business year 2005 Varetis AG (the divested business unit included) realized a turnover of Euro 15.1 millions (30.09.2004: 11.6 mio.). On September, 30, 2005, the result before interest and taxes (EBIT) adds up to minus Euro 16 millions (30.09.2004: -1.8 mio.).

The revenues of the subsidiary's sales will be used for the further market positioning of the Internet portal GoYellow and the telephony services. The intended offering of a bearer bond issue will therefore not take place.
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Publisher Contact Information:

varetis AG
+49 (0)89 45566-186
anja.meyer@varetis.de

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