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ots Ad hoc-Service: TELES AG <DE0007454902> Strengthening of the Sales Force for skyDSL Services

Berlin (ots Ad hoc-Service) -

The sender is solely responsible for the contents of this
announcement.
As part of its reorientation
towards the development and marketing of innovative and profitable
value-added Internet services, the TELES Group is also developing and
securing highly competitive distribution channels for these services,
at present particularly for its broadband Internet service skyDSL.
The acquisition of the Apple retail chain GRAVIS several months ago
marked the first step in this direction. The management board has now
decided on a further, similar measure: The takeover of the mainstream
wholesaler MORE!. This acquisition is still subject to approval by
Teles AG's supervisory board. More detailed information will be
published after completion of the takeover.
Whereas Apple retailer GRAVIS achieves over DM 100 million in
annual revenues with its 22 sales outlets in all German business
centers, the PC accessory wholesaler MORE! services over 6,000
independent outlets throughout Germany, thereby achieving annual
revenues of over DM 200 million - in both cases with the low profit
margins usual in distributions. The utilization of these outlets for
the sale and support of TELES' high-margin value-added Internet
services will significantly improve the profitability of both
companies.
Lucrative profit margins of the value-added Internet services
will, however, be achieved above all by the development and marketing
companies within the TELES Group. A further increase in revenues in
the near future is now secured through the new distribution channels
to the PC and Apple user markets.
An outline of the significance of the new distribution channels
for this year's business development of the TELES Group will be
included in the group's business report for the 2nd quarter 2000 at
www.teles.com (publication expected 1st August 2000).
Prof. Sigrarn Schindler CEO of Teles AG
End
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Original content of: Teles AG, transmitted by news aktuell

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