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ots Ad hoc-Service: TELES AG <DE0007454902> New TELES with New Transparency

Berlin (ots Ad hoc-Service) -

Ad hoc-announcement edited and sent by DGAP. The sender is solely
responsible for the contents of this announcement.
In the Neue Markt an apparently
unique initiative is taken to optimise the investor relations of a
company and thus increase the transparency of that company's capital
market position: TELES has just opened an Investor Relations Forum in
the Internet on its home page www.teles.de for public but
nevertheless professional debate with the CEO regarding the whole
company - both the current business situation and future development
perspectives of TELES. Until now such comprehensive and in-depth
discussions had only been held in confidential one-on-one meetings
between the CEO and analysts or fund managers.
As an indispensable basis for the professionality of this public
debate, TELES has made accessible on its website its road show
presentation. Included in the road show presentation of a company is
a structural sketch of its development plan for the coming two years,
which is the basis of all one-on-one meetings.
To ensure that the company is professionally presented, this
public forum making TELES structurally completely transparent, must
be moderated by TELES with several respects. In particular, only
persons whose identity is known are allowed active participation in
the forum - i.e. the establishment of discussion subjects and the
posting of questions and comments on these subjects - even if these
persons only wish to appear in the forum under an alias. TELES will
respect any such wish for anonymity. In comparison, read-only access
to the forum is available any time to anyone.
TELES will also moderate the forum with respect to the number and
quality of articles and their authors. Priority will be given to
institutions recognised on the international capital market. A
significant number of these are expected in the forum, which will
therefore be held in German and English.
After the reorganisation of TELES in favour of highly innovative
value-added Internet services during the last months (see
www.teles.de for more information), a broad and lasting marketing
campaign for them will launched in November. The road show
presentation shows that this marketing campaign promotes already the
new development strategy for TELES and illustrates the associated
revenue and EBIT expectations. However, the real strengths of this
new company strategy and the probability of its success can only be
demonstrated convincingly in professional discussion with all
interested investors and analysts and the documentation thereof in
this new forum. The forum is thus to win the money markets for the
new TELES company strategy without delay, if possible before
implementation of the strategy begins with the marketing campaign.
The press conference at the start of this marketing campaign with
VOBIS is planned for the beginning of November. TELES' interim report
for the 3rd quarter 2000 is expected to be available shortly before -
its completion was somewhat more complicated than usual due to the
acquisition of MORE! AG, which has only recently been finalised.
Prof. Sigram Schindler CEO of TELES AG
End
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