OPEN Business Club AG:OPEN Business Club AG acquires Neurona, the Spanish market leader for online business networking
07-06-22

OPEN Business Club AG / Acquisition

Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Hamburg, June 22, 2007 – OPEN Business Club AG (ISIN: DE000XNG8888),
operator of the international networking platform XING (www.xing.com), has
acquired a 100% interest in Neurona (www.neurona.com), the largest contact
network for business professionals in Spain and Latin America with over
835,000 members. Until the takeover, Neurona was operated by the Spanish
company 'Grupo Intercom Factory, S.L.' which is involved in projects in the
fields of technology and online business in Spain and holds numerous active
participations in other Internet firms.

The purchase of Neurona coupled with the takeover of eConozco in March 2007
means that the Spanish market is now the second key market – besides the
German-speaking world – where OPEN Business Club AG has secured clear
market leadership over its global competitors.

Members currently use Neurona free-of-charge. With integration into the
XING Web site, OPEN Business Club AG nevertheless expects existing Neurona
members to become increasingly willing to pay for the comprehensive
functionalities of XING Premium Membership.

The multilingualism of Neurona — the site is available in Spanish, Italian
and English — coupled with the wide base of active members in Spain and
Latin America are positive factors in the planned integration onto the XING
platform. Ferran Aznar, Managing Director and Co-Founder of Neurona, will
manage Neurona operations as a subsidiary company of OPEN Business Club AG
in the interim working with a team of eleven employees, and assume
responsibility for Neurona’s role in the integration. The actual
integration on to the XING platform is scheduled to begin at the end of
2007 and is expected to be completed within a twelve-month period.

All parties involved in the acquisition have agreed not to disclose
financial terms of the transaction.


Cautionary note regarding forward-looking statements
This press release notice contains forward-looking statements concerning
the operations, business development, membership growth and financial
results of OPEN Business Club AG and/or the industry in which the Company
operates. These forward-looking statements are generally indicated by terms
such as 'estimate', 'anticipate', 'expect', 'assume', 'intend', 'predict',
'plan', 'strive', 'should', 'could', 'would', 'will' and similar phrasing.
Forward-looking statements contained in this press release, including
assumptions, estimates and opinions by the Company or information provided
by third parties, are based on the current plans, estimates, assumptions
and forecasts, and may entail uncertainties and risks. A variety of
different factors could lead to actual results, trends and conditions that
differ significantly from the forward-looking statements contained in this
press release. The Company does not assume any liability for this
eventuality and cannot guarantee that the information upon which the
forward-looking statements are based is correct and complete, nor is the
Company, its subsidiaries and affiliated companies liable for the future
correctness of the statements outlined in this press release. Information
and statistics from external sources should not be interpreted as
information and statistics that have been verified by the Company. The
Company, its subsidiaries and affiliated companies are not obliged to
update any forward-looking statements.

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Information and Explaination of the Issuer to this News:

About XING:
XING makes your professional network an active part of your life. Far more
than a directory of business contacts, XING enables its members to discover
professional people, opportunities and privileges through its unique
discovery capability and advanced contact management tools.

With the successful IPO of XING in December 2006 as the first Web 2.0
company to go public, OPEN Business Club AG has had a long-term impact on
the social networking trend amongst professionals. By focusing on the
target group 'business people worldwide', the company is able to offer
tailored features, thereby making networking and contact management
simpler. Besides Headquarters in Hamburg, XING AG is represented by offices
in Barcelona (eConozco), Beijing and Zurich.


Daniela Hinrichs
VP Corporate Communications
Gänsemarkt 43
20354 Hamburg
Tel. +49 40 419131-19
Fax +49 40 419131-11


DGAP 22.06.2007 
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Language:     English
Issuer:       OPEN Business Club AG
              Gänsemarkt 43
              20354 Hamburg Deutschland
Phone:        +49 (0)40 419 131-10
Fax:          +49 (0)40 419 131-11
E-mail:       investor-relations@xing.com
Internet:     www.xing.com
ISIN:         DE000XNG8888
WKN:          XNG888
Indices:      
Listed:       Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in
              Berlin-Bremen, Düsseldorf, München, Stuttgart
 
End of News                                     DGAP News-Service
 
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