28.09.2007 – 15:14

Amitelo AG

AMITELO AG presents its Half-Yearly Figures

Zürich (euro adhoc) -

Stable sales, new CFO appointed, Ernst & Young selected as auditors 
Zurich, 28th September 2007. AMITELO AG, supplier of 
telecommunications services, released today its half-yearly report to
30th June 2007.

  ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
  the content of this announcement.

finances/finances

In the first half of 2007, revenue increased by
22% growth to EUR 27.74 million (vs. EUR 22.78 million first half 
2006). Due to the difficult circumstances in the reporting period, 
EBIT earnings before interest and tax amounted to EUR 2.1 million 
down from EUR 2.78 million recorded in the same period last year.

With the appointment of Ms. Christine Bogner as the new Chief 
Financial Officer of AMITELO AG, this important vacancy in the Group 
will be filled by 15th October 2007. Ms. Bogner brings wealth of 
experience and competence to AMITELO. She joins from the former BenQ 
Mobile Group where she has had responsibility in a senior role within
the Finance department. Prior to this assignment Ms. Bogner spent 
several years in the finance units of SIEMENS Mobile Com Devices in 
Munich.

One of the world's leading international auditing companies, Ernst & 
Young AG based in Zurich, has agreed to become the statutory auditor 
of AMITELO AG and its main subsidiaries. At an extraordinary meeting 
of shareholders to be held this October, it will be proposed that 
Ernst & Young already take over the statutory auditing of the 2007 
annual accounts of AMITELO AG as well as of the consolidated accounts
for the Group.

In addition to these important steps, the ongoing analysis of the 
Group's restructuring is progressing well. More detailed information 
in this regard can be found in the half-yearly report.

For the complete 2007 financial year, AMITELO AG expects to achieve 
revenue in the range of EUR 63 million, resulting in an EBIT of 
approximately EUR 4.4 million.

"We are convinced that we are on the right path in terms of 
restructuring AMITELO AG. Now that we have stabilised both sales and 
earnings in what was for us a very difficult first six months of 
2007, coupled with the outlook for the year as a whole, it makes us 
feel very confident about the further development of the company," 
commented Jan Malkus, CEO of AMITELO AG.

AMITELO AG: AMITELO AG (www.amitelo.ag) based in Zurich is a 
technology company operating on an international level and 
specialising in fast-growing telecommunications fields such as VoIP, 
internet via satellite, broadband services,  billing and IP call 
centre solutions. Mobile wireless services (in Iceland) have also now
been added to this range. The Group's corporate activities focus on 
internet telephony (VoIP) and innovative telecommunications 
technologies for use in the most diverse markets and regions of 
Europe, Africa and South America. The aim here is to tap into new 
markets in the future as well. In this regard Amitelo AG pursues an 
aggressive growth strategy in which both organic and inorganic growth
are closely linked together, making a clear contribution to achieving
the turnover and earnings targets the Group has set for itself.

end of announcement                               euro adhoc 28.09.2007 14:40:54

Further inquiry note:

AMITELO AG
Investor Relations
ir@amitelo.ag

Branche: Telecommunications Equipment
ISIN: CH0003307706
WKN: A0F5YA
Börsen: Börse Frankfurt / free trade/entry standard