Bluehill ID AG
BLUEHILL ID ISSUES NEW SHARES FOR ITS ACQUISITIONS
Bluehill ID AG / Acquisition/Capital Increase Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- BLUEHILL ID ISSUES NEW SHARES FOR ITS ACQUISITIONS St. Gallen, 24 January, 2009 – Bluehill ID AG (Symbol BUQ.F / BUQ.DE; www.bluehill-id.com) announced today that it has issued 1,447,297 new shares in fulfillment of the share portion of the consideration of completed acquisitions. This brings the total number of outstanding shares of Bluehill ID AG to 26,712,297. Bluehill ID had acquired 91.3% in Arygon Technologies AG and 95% in ACiG AG and increased its position in Scolis Technologies from 19.6% to 100%. Arygon Technologies is first mover in NFC / Mifare RFID reader technology and project services. Arygon develops and produces Multi-ISO and NFC reader modules for payment, ticketing, transport, access, industrial and NFC applications. Arygon also offers reader engineering services and supplies high-quality RFID cards, key fobs and wristbands to its customer base. Arygon pursues strategic partnerships and cooperates with major industry players and organizations. Scolis Technologies is headquartered in Singapore with its core R&D team located in Chennai, India, and focuses on developing and manufacturing leading-edge e-Passport, access control & NFC enabled readers and modules as well as secure identification solutions. Scolis solutions are based on contact and contactless smartcard technology and RFID readers for applications requiring critical performance criteria. Bluehill ID entered the company as an investor in April 2008 and after few months of excellent collaboration; the founding investors and managers had agreed to exchange their holding in Scolis for shares in Bluehill ID in accordance with a pre-agreed formula. ACiG AG was founded in 2007 and is headquartered in Mainz in Germany. The company is a supplier and distributor of RFID & smart card components such chips, modules, inlays, microcontrollers and other RFID and NFC components. As such, ACiG shall support Bluehill ID group companies on global supply chain development and sourcing. ACiG is equally active in business development and in project work based on RFID systems and applications, specifically in the healthcare and industrial sectors. About Bluehill ID AG Bluehill ID AG is an international operating company with headquarters in Switzerland and listed on the Frankfurt Stock Exchange (ISIN CH0031958629; Symbol BUQ). Bluehill ID is dedicated to the responsible use and development of RFID and other automatic identification technologies. These technologies are used in the fields of security, identification, tracking and further growing applications. The business model of the company is based on combining disciplined acquisitive growth with sustainable organic growth from portfolio companies. Contact Fabien B Nestmann Tel: +41 44 78 38 043 eMail: fbn@bluehill-id.com 26.01.2009 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: Bluehill ID AG Dufourstr. 121 CH-9001 St. Gallen Schweiz Phone: +41 44 783 8043 Fax: +41 44 783 8040 E-mail: contact@bluehill-id.com Internet: www.bluehill-id.com ISIN: CH0031958629, CH0038439490 WKN: A0MUR7 Listed: Open Market in Frankfurt End of News DGAP News-Service ---------------------------------------------------------------------------
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