NascaCell Technologies AG
NascaCell Technologies AG increased revenues in 2006 by 50 %
NascaCell Technologies AG / Final Results Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- Munich, April 18, 2007 – In 2006, NascaCell Technologies AG achieved total revenues (sales and other revenues) of € 840 thousand. This reflects an increase of 50 % compared with the NascaCell IP GmbH business year 2005. Sales revenues increased by € 233 thousand to € 405 thousand, other revenues, mainly grant support, by € 50 thousand. The full year net loss was € 1.21 million, including extraordinary items of € 258 thousand in connection with the stock exchange listing. As of December 31, 2006, NascaCells cash, cash equivalents and short term investments totalled 1.95 Mio. Euro. 'In 2006, we achieved our operating goals and important corporate milestones', stated Dr. Ernst Böhnlein, Chief Executive Officer of NascaCell Technologies AG. These objectives include service agreements with AstraZeneca and Bayer CropScience and the broadening of the technology platform through the acquisition of the MicrobodyTM technology. Based on the beginning of 2007, NascaCells Management expects a further revenue increase in 2007. About NascaCell Technologies AG – www.nascacell.com NascaCell Technologies AG, based in Munich, is a global leading provider of a new generation of biomolecules. With the innovative Aptamer and MicrobodyTM technologies, the company supports customers in the target validation and drug discovery R&D areas. NascaCell also develops a line of products and drug development candidates based on the Microbody™ technology. Contact: InvestorPress GmbH Georg Breu Phone: +49(0)89 55 96 98 75 info@investorpress.de DGAP 18.04.2007 ----------------------------------------------------------------------
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