Adera Venture Zone Is Investing In Mobigolf; Mobile Internet Services for Golfers.Business Editors/High-Tech Writers STOCKHOLM--(BUSINESS WIRE)--Feb. 22, 2000 Adera Venture Zone is now able to present its first portfolio company. Mobigolf will make it possible for all golfers to book tee-off times, obtain local weather reports and to access other interesting information directly via the mobile phone. Mobigolf has a co-operation agreement with Ericsson in order to reach Mobigolf's primary customer group - mobile operators. Mobigolf's services will be based initially on the web services (1) Loosely, any online service delivered over the Web. Such usage appears in articles from non-technical sources, but not in IT-oriented publications, because definition #2 below describes the correct use of the term. which the Halmstad company Epani offers golfers. Epani has developed the OnTee time booking service and is a partner in successful national golfing web companies in five countries with svenska golf.se as the most well-known. The concept has been launched in 5 European European emanating from or pertaining to Europe. European bat lyssavirus see lyssavirus. European beech tree fagussylvaticus. European blastomycosis see cryptococcosis. countries in cooperation with the countries' national golf federations and local telecommunication telecommunication Communication between parties at a distance from one another. Modern telecommunication systems—capable of transmitting telephone, fax, data, radio, or television signals—can transmit large volumes of information over long distances. companies. Mobigolf will now develop a similar concept for mobile Internet Refers to gaining access to the Internet using a lightweight, handheld device. See Mobile IP, PDA, smartphone and mobile TV. access. A first version of Mobigolf will be launched in Sweden when the golf season starts at the beginning of May. The rest of Europe will follow thereafter. Adera Venture Zone will initially invest approx. SEK SEK In currencies, this is the abbreviation for the Swedish Krona. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 7 million in Mobigolf in two different steps and will thereby own 50% of the company. The remaining shares will be owned by Epani AB. Adera Venture Zone will contribute capital and business development expertise while the Adera e-business agency will handle system development and the development of trademarks. "Mobigolf is a good example of a growth company in which we aim to invest and develop within the framework for Adera Venture Zone. There is a large but well-defined target group which is financially strong and interested in new technological products and services. Moreover the company has a clear expansion strategy and a strong sales position thanks to the co-operation with Ericsson", says Rolf Jansson, Chairman of Adera Venture Zones and Group Managing Director of Adera. Adera Venture Zone is a venture capital company which evaluates and invests in new business ideas in the new e-conomy, and supports entrepreneurs in the initial critical stage of the company's life. The company was founded in December 1999 with the aim of rapidly designing and building robust and scalable systems and long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. sustainable trademarks. 19% of the shares of the company are owned by Adera AB (publ) e-business agency, which is also a "preferred partner". Epani AB is a leading company in the field of golf and the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the , with business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets in Europe and the US (www.epani.se). For more information please contact: Rolf Jansson, Group Managing Director of Adera and Chairman of Adera Venture Zone, on phone +46 31 701 67 00 Dan Persson, Managing Director of Mobigolf, on phone +46 703-72 72 72 Adera AB (publ) is Europe's first e-business agency. We create business value for our clients by bringing together areas of expertise in our own organisation which are vital in order to be able to compete successfully in the new business logistics; management, marketing/communication and IT- /Internet expertise. Today, Adera has 450 employees and offices in Goteborg, Stockholm, Ljungby, Varnamo, Copenhagen, Amsterdam, Antwerp, Munich and Dallas. Aderas shares have been listed on the O list of Stockholm stock exchange The Stockholm Stock Exchange (Swedish: Stockholmsbörsen) is a stock exchange located in Stockholm, Sweden. Founded in 1863 [1] it is the primary securities exchange of the Nordic Countries. since 10th of June 1999 (www.aderagroup.com) Please visit http://www.bit.se for further information The following files are available for download To receive a file transmitted over a network. In any communications session, "download" means receive, and "upload" means send. The download/upload often implies a big/little scenario, in which data is being downloaded from the "big" server into the "little" user's computer. : http://www.bit.se/bitonline/2000/02/22/20000222BIT00860/bit0001.doc http://www.bit.se/bitonline/2000/02/22/20000222BIT00860/bit0002.pdf |
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