Videonize PLC
Mailperfect Holding PLC Acquisition By Financial Investor
Mailperfect Holding PLC / Acquisition/Restructure of Company 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. ---------------------------------------------------------------------- Moving images are the core business of Mailperfect group. With the Videonize technology, MailPerfect Holding PLC is determined to secure a share in email communication market. ZHT Holding S.A. took over 17 million of 18 million ordinary shares of MailPerfect Holding PLC. In the course of this acquisition, the previous director of the company, Mr. Uwe Schmidt, made available his office with immediate effect. The same applies to the previous Chairman of the Supervisory Board Edgar Seiz. Hermann Niesig and Russel Fryer were appointed as new directors. Hermann Niesig is Managing Director of a media agency and for years has consulted companies in the field of new media and e-commerce as Senior IT Consultant. Russel Fryer is an experienced CFO with comprehensive experience in the fields of interim management and turn-around situations. Both directors will implement the new business plan and the upcoming restructuring measures. In the course of the acquisition, the new Board also decided to change the name from MailPerfect Holding PLC to Videonize PLC. Uwe Schmidt keeps the rights to the name of Mail Perfect and accepts the task of distributing Videonize as licensee on the American market. For this reason, all assets, software rights and rights to the name of Mail Perfect Corporation - a wholly-owned subsidiary of MailPerfect PLC - will be transferred to Videonize PLC. The new management now implements the marketing of the product in the fields of consumer, OEM, ISV and viral marketing. The new website was published on May 16, 2008. The launch of the latest version Videonize 2.0 is planned for June. With the change of the software from the old Clipstream technology to a new flash-based version the availability will be increased by 50% to more than 90%. As soon as Videonize 2.0 is available, the software will be placed at the disposal of every user as freeware financed by advertising. 'This is the breakthrough in the consumer area in order to achieve a market penetration. This year, we will increase the reach of Videonize in Germany by targeted campaigns.' says Hermann Niesig. The new management currently prepares the balance sheet for 2007 as well as a current business report. There are also preparations for an annual general meeting so that the shareholders before long will have the opportunity to get a general idea. The operative headquarters now are located in Düsseldorf and can be contacted as follows: Videonize PLC (Deutschland) Schadowstr. 11e 40212 Düsseldorf Phone: 0800 996 3 996 anfrage@videonize.de 21.05.2008 Financial News transmitted by DGAP ----------------------------------------------------------------------
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