GRAPHISOFT Lists Shares on Frankfurt Neuer Markt; Offering to Strengthen Company's Position in World Markets.BUDAPEST, Hungary--(BUSINESS WIRE)--June 11, 1998--Graphisoft(R), a leading provider of CAD software solutions for the architectural profession and building industry, began trading its shares Monday, June 8, on the Neuer Markt of the Frankfurt Stock Exchange Frankfurt Stock Exchange The largest of Germany's eight securities exchanges, operated by Deutsche Borse AS. under the symbol GPH GPH Gallons Per Hour GPH Gospel Publishing House (Pentecostal Christian publisher) GPH Grams Per Hour GPH Good Payment History GPH Generalized Proportional Hazard(s) GPH Gnome Phone . The initial public offering of 2.3 million shares, including the underwriters' over-allotment, represents about 22% of the company's 10,581,500 outstanding shares. The offering was made by Graphisoft NV, the Netherlands-based holding company for the Graphisoft Group and underwritten by Deutsche Bank Deutsche Bank AG (IPA: /'dɔɪ.tʃə/[1]) (ISIN: DE0005140008, NYSE: DB) (English: German Bank , Hambrecht & Quist Euromarkets and Daiwa Europe Limited. Initial pricing of the shares was DM40 (about US$22.50). "We are facing increasing challenges and increasing opportunities in the world marketplace," reports 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. and company president, Gabor Bojar. "New capital resources and other benefits of being a publicly listed company will contribute significantly to achieving our goals. Graphisoft plans to employ its virtual building concept and powerful object technology to expand its presence throughout the entire building industry." Founded in 1982 in Budapest, Hungary, Graphisoft is today ranked by Dataquest as one of the world's largest AEC AEC US Atomic Energy Commission Noun 1. AEC - a former executive agency (from 1946 to 1974) that was responsible for research into atomic energy and its peacetime uses in the United States Atomic Energy Commission CAD software developer for personal computers. Graphisoft's revenues have grown, and it has been profitable, every year of its 16-year history. Between 1993 and 1997, revenues grew from DM14.7M (US$8.2M) to DM38.4M (US$21.5M), while operating income Operating Income The profit realized from a business' own operations. Notes: This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit. grew from DM1.7M (US$0.9M) to DM10.4M (US$5.8M), representing compound annual growth rates Growth Rates The compounded annualized rate of growth of a company's revenues, earnings, dividends, or other figures. Notes: Remember, historically high growth rates don't always mean a high rate of growth looking into the future. of 27% and 57% respectively. Graphisoft maintains its headquarters and R&D in Budapest and operates seven subsidiary sales and marketing offices in Munich, San Francisco, Tokyo, Hong Kong, London, Madrid and Dubai. The Graphisoft group of companies is owned by Graphisoft NV, incorporated in the Netherlands. Graphisoft's flagship product, ArchiCAD(R), is known around the world as a leading CAD software solution for the architectural profession and building industry. Winner of the 1997 European Union European Union (EU), name given since the ratification (Nov., 1993) of the Treaty of European Union, or Maastricht Treaty, to the European Community Information Technology Prize and the Software Publishers Association's 1997 Codie Award for Best Groupware, ArchiCAD is used by more than 45,000 design professionals worldwide. Graphisoft sells and supports ArchiCAD through its seven subsidiary offices in more than 80 countries and 22 languages. The Neuer Markt (http://www.neuer-markt.de) is a new trading market established in Germany in March 1997 as a segment of the Deutsche B-rse for the listing of high growth and technology companies. Shares on the Neuer Markt are traded exclusively on the floor of the Frankfurt Stock Exchange, the fourth largest exchange after New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Tokyo and London. This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities of the Company in any jurisdiction in which such offer or solicitation would be unlawful. CONTACT: Graphisoft Deborah Parker Wong, 415/453-3698 dpw@medialinkgroup.com |
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