Day Software Announces Sale of UK Subsidiary MarketingNet Ltd.Focus on core business and UK sales growth through channel partners BASEL, Switzerland & NEWPORT BEACH Newport Beach, residential and resort city (1990 pop. 66,643), Orange co., S Calif., on Newport Bay and the Pacific Ocean; inc. 1906. It is a popular seaside resort and yachting center. Manufactures include electrical and medical equipment, computers, boats, and adhesives. , Calif. -- Day Software (SWX SWX Swiss Exchange (trademark of SWX Swiss Exchange) SWX SolidWorks (3D solid modeling CAD software) SWX Splitter / Wave Division Multiplexer :DAYN)(OTCQX:DYIHY), a leading provider of global content management software, today announces the completion of the sale of MarketingNet Ltd, a UK company active in the agency services business, to WAA (Wide Area Adapter) Any of a variety of ports or adapters that connect to a wide area network (WAN), including RS-232, RS-422 and V.35. Ltd, also a UK company. This sale marks the completion of Day's efforts to refocus its UK operations on its core business and drive UK expansion through a channel-driven model. Day Software acquired MarketingNet Ltd in October 2000. All existing customers of MarketingNet Ltd will stay with MarketingNet Ltd, which will be owned by WAA Ltd. Commenting on the completion of the sale, Day's CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Erik Hansen said "As the agency services business is not part of our core business, we are delighted that we have been able to complete the sale of MarketingNet Ltd to WAA Ltd as this ensures a good future for MarketingNet's customers as well as ensures that as many staff of MarketingNet as possible have been able to keep in employment." As a result of the sale completion, Day are anticipating non-cash charges in its 31st December 2008 results relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc Goodwill as well as cash charges relating to discontinuing operations such as leases, staff costs, and legal costs. Day Software's core operations in the UK carried out by Day Software Ltd are not affected by this announcement. About Day (www.day.com) Day is a leading provider of integrated content management, portal and digital asset management software. Day's technology Communique provides an easy-to-understand, quickly applicable framework for standardising and managing all business data, systems, applications and processes via the web. Day is an international company established in 1993 and listed on the SWX Swiss Exchange SWX Swiss Exchange An all-electronic securities exchange formed from the 1995 merger of exchanges in Geneva, Basel, and Zurich. The exchange offers trading in equity securities, investment funds, exchange-traded funds, bonds, Eurobonds, and options. since April 2000. Day shares are also traded over the counter (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). ) in the form of American Depositary Receipts American Depositary Receipt (ADR) Certificates issued by a US depository bank, representing foreign shares held by the bank, usually by a branch or correspondent in the country of issue. (OTCQX:DYIHY). Day's customers are some of the most important global corporations and include Audi, Daimler, Deutsche Post World Net, Deutsche Bank, InterContinental Hotels Group InterContinental Hotels Group (IHG) (LSE: IHG NYSE: IHG) is a multinational company which operates several hotel brands. The largest hotel company by number of rooms (556,000 as of March 2007 [1]), its headquarters are in Windsor just outside Greater London and , McDonald's and Volkswagen. Warning Regarding Forward-looking Statements This press release may contain forward-looking statements about future events or the future development of Day Software Holding AG and its subsidiaries ("the Company"). Terms such as "expect", "assume", "intend", "believe", "want" and any variations of these terms or similar expressions are used to make forward-looking statements. These statements are subject to change, and Day cannot necessarily provide information about such changes. Of course, actual events or results can deviate significantly from the forward-looking statements. The company's share is not listed on any stock exchange in the US, and the company does not file any documents (e.g. 10-K and 10-Q) with the US Securities and Exchange Commission SEC under the Securities Exchange Act of 1934. |
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