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Abonner PANDATEL AG i.A.

PANDATEL AG i.A.

euro adhoc: PANDATEL AG
quarterly or semiannual financial statement
Pandatel cuts loss by half

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
30.08.2006
Ad hoc disclosure pursuant to Art. 15 WpHG
Hanover, 30 August 2006
Pandatel cuts loss by half
In the first half of 2006, revenues amounted to EUR 4.5m compared  to
EUR  5.9m in the first half of 2005. But, earnings before taxes
improved  from  EUR  minus 6.9m  to  EUR  minus  3.5m.  At
06/30/2006,  liquidity,  including   short-term investments on hand,
amounted to EUR 4.7m compared to EUR 7.9m at the  beginning of the
year. The decrease of cash is especially due to the payoff of the
social plan (close to EUR 2m), as well as the cost associated with
exiting  the  former rental agreement for Hamburg locations (EUR
0.8m). The company  has  not  burned significant cash for operational
reasons. The company is hoping  for  an  annual turnover of EUR 8.5m
regardless the fact that the number of product  models  for sale has
been consolidated and decreased from 1,300 to 170 models.
Dowslake Venture Ltd. and the new management have made  reducing  the
loss  the top of their priority. They included the company's
relocation  to  Hanover,  the shut-down of production facilities and
development centers, and the  utilization of internal rationalization
potentials. The  number  of  employees  was  reduced from an average
of 120 in H1/2005 to 53 for H1/2006.
The company presented more figures at its annual general meeting  on
08/29/2006 and will publish its semi-annual report on 08/31/2006.
About PANDATEL AG: PANDATEL is a German corporation based in Hanover.
PANDATEL was formed  in  1987 as Pan Dacom Telekommunikation GmbH. It
went public at Frankfurt stock  exchange in November 1999. Majority
shareholder is Dowslake Venture  Ltd.  (U.S.A.)  with Dr. Dan D. Yang
as CEO. In March 2006, Dr. Yang became also CEO of PANDATEL  AG.
PANDATEL is  specialized  in  Ethernet  technologies.  For  further
information please visit www.pandatel.com
end of announcement                               euro adhoc 30.08.2006 14:41:59

Further inquiry note:

Further information:
insignis GmbH, Agency for Communication
Raik Packeiser
Berliner Allee 9 - 11
30175 Hanover, Germany
Phone: .+49 511 33 65 15 31
Fax +49 511 33 65 15 33
Email raik.packeiser@insignis.de

Branche: Telecommunications Equipment
ISIN: DE0006916307
WKN: 691630
Index: Prime All Share
Börsen: Frankfurter Wertpapierbörse / regulated dealing/prime
standard
Börse Berlin-Bremen / free trade
Hamburger Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Niedersächsische Börse zu Hannover / free trade
Bayerische Börse / free trade

Plus de actualités: PANDATEL AG i.A.
Plus de actualités: PANDATEL AG i.A.