Bure and Pricoa Strengthen Buyonet Still Further.Business Editors STOCKHOLM--(BUSINESS WIRE)--Feb. 29, 2000 Bure Bure can be:
In currencies, this is the abbreviation for the U.S. Dollar. 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. 6M in Buyonet International Inc. Bure invests USD 1M. After the implemented new share issue, Bure's direct ownership amounts to 23 percent. Following exercising of warrants and conversion, Bure's ownership in the company could increase to 35 per cent. The new share issue will primarily be used for Buyonet's continued expansion and investment in becoming the leading global supplier of software via 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 . Buyonet has successfully utilized the opportunity to distribute software via the Internet at low cost. The company offers an extensive product range, an opportunity to pay via the Internet and immediate transfer of the software to the buyer's computer. Buyonet has tailored the offer to various geographic markets, with sites and products available in a large number of languages. Payment can be made in 28 different currencies. Buyonet has customers in more than 130 countries and generates more than half of its income outside Europe. "Since our initial involvement in Buyonet about a year ago, we have actively followed the company's development. Forrester Research's ranking of Buyonet as one of the ten best e-commerce e-commerce, commerce conducted over the Internet, most often via the World Wide Web. E-commerce can apply to purchases made through the Web or to business-to-business activities such as inventory transfers. sites in Europe confirms our opinion on the company's potential to become one of the world's leading suppliers of software via the Internet. We are very pleased that Pricoa shares our opinion. With the current development, the company will be one of the hottest listing objects on the stockmarket over the next year," says Ulf Ivarsson, Executive Vice President of Investment AB Bure. Pricoa Capital Group Ltd is a subsidiary of Prudential Prudential is the name of two different companies and buildings named after them: Companies:
In currencies, this is the abbreviation for the Euro. 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. 575M have been carried out. "Pricoa's confidence and decision to invest in Buyonet in collaboration Working together on a project. See collaborative software. with Bure is further proof of our business model. We are now the leading supplier of software via the Internet outside North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . Now we will get resources for an increased offensive," says Freddy Tengberg, President of Buyonet. "The new share issue will help us to achieve a more rapid position on the important US market, We already have a strong brandname in Europe and are regarded as one of the leading e-commerce sites. The company was included in the group of 15 companies which was specifically identified by Boston Consulting Group, among a selection of more than 500 in the recently launched `e-retailing in Europe' study," says Jonas Nordlund, Chairman of Buyonet. Gothenburg, 29 February 2000 Investment AB Bure (publ) http://www.bure.se http://www.buyonet.se 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/2000/02/29/20000229BIT01240/bit0001.doc http://www.bit.se/bitonline/2000/02/29/20000229BIT01240/bit0002.pdf |
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