euro adhoc: JoWooD Productions Software AG / Board of Directors (Appointments and Changes) / JoWooD Productions Software AG: All motions at shareholders’ assembly approved by unanimous decision JoWooD presents Strategy for the next years (E)

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JoWooD Productions Software AG’s shareholders approved all motions presented at today’s annual general assembly by unanimous vote.

The annual results are discussed and carried forward on new account.

The shareholders’ assembly approves the following personnel changes to JoWooD’s advisory board. Mag. Josef Nothdurfter and Mr. Gerhard Auer retire from the advisory board. They are succeeded by Dr. Michael Drexel and Mag. Karl-Heinz Bohl. Dr. Drexel’s nomination reflects in particular the significant increase of JoWooD’s free float as a result of 2003’s capital increases.

Mag. Bohl currently holds the position of COO of the operator of Salzburg Airport. Dr. Drexel leads his own law-firm in Graz.

JoWooD presents strategy

JoWooD’s current positioning within the interactive entertainment industry was discussed in the light of major market trends. The resulting strategic consequences were analyzed.

JoWooD increased its already considerable share of the German interactive entertainment market. With 4,22 % of the market for PC entertainment software, JoWooD ranks fifth place (2002 sixth place). However JoWooD’s share of the global market for PC entertainment software is only approx. 0,8%. In addition, JoWooD, has had almost no presence within the Console sector. Thus, JoWooD’s share of the overall global market for electronic entertainment is only in the range of a tenth of a percent.
However, the reasons for JoWooD’s weak international market position have nothing to do with the quality of JoWooD’s product line-up. JoWooD titles received multiple international awards from the special interest gaming press and performed successful within the company’s core regions.

Strategic partnership for market development

The management board believes that a strategic alliance with a partner from the US will set the necessary foundation for selective growth at healthy profit margins. The management board presents the structure of this partnership which will be accompanied by a capital transaction and co-publishing activities. JoWooD will also intensify its own international marketing efforts. This transaction will be prepared within the second quarter of 2004. An extraordinary shareholders’ assembly is therefore likely to be scheduled within this quarter. In order not to affect ongoing negotiations, no name was presented. More detailed statements should be released during the coming weeks.

JoWooD expects a substantial increase of its market share in the US, the world’s largest single market for electronic entertainment.

Further inquiry note:
JoWooD Productions Software AG
Dr. Michael Pistauer, Vorstand.
Karin Kraberger, Investor Relations
Tel.: +43 (0)3614 2966 1015
mailo:investor@jowood.com
http://www.jowood.com
Tel: 0043 3614 2966-1015
FAX: 0043 3614 2966-1023
Email: investor@jowood.com

Emittent: JoWooD Productions Software AG Bahnhofstrasse 22 AT-4802 Ebensee Tel: 0043 3614 2966-1015 FAX: 0043 3614 2966-1023 Email: investor@jowood.com WWW: http://www.jowood.com ISIN: AT0000747357 WKN: 074735 Indizes: ATX Prime, ViDX, WBI Börsen: official dealing Wiener Börse AG; free trade Berliner

end of announcement euro adhoc

Wertpapierbörse, Bayerische Börse, Baden-Württembergische Wertpapierbörse, Frankfurter Wertpapierbörse
Branche: Software
Sprache: Englisch

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