TIME MAGAZINE EUROPE SELECTS THE FANTASTIC CORPORATION AS ONE OF EUROPE'S 50 HOTTEST TECHNOLOGY FIRMS
Zug (Switzerland), June 21, 2000 - Time Magazine Europe this week has named The Fantastic Corporation as one of the 50 hottest technology companies in Europe, and one of the top 9 hottest European software companies.
"To identify the pioneer firms of the new economy in Europe, TIME scoured the Continent for those with the most promising products, services and business models. Consulting venture capitalists, investment bankers and technology experts, we looked for companies with the biggest potential rather than the largest market cap..." writes Jennifer L. Schenker, Senior Technology Writer for TIME.
The results are based on information gathered from Credit Suisse First Boston, Durlacher Research, E-Challenge, Europe Unlimited, Forrester Research, Gartner Group, Goldman Sachs, IDC, Ovum and an independent telecoms analyst.
"This is an important endorsement of Fantastic, its technology, achievements and vision by a major international publication and industry experts", said Reto Braun, Chairman and CEO of The Fantastic Corporation. "We are well on our way for this vision to become reality", Reto Braun continues.
Operating on a secure liquidity of more than 123 million US dollars (per March 31, 2000), Fantastic's healthy financial state is allowing Fantastic to aggressively pursue its plans to expand activities in the Asia Pacific, European, and North American markets. Fantastic's 1st quarter net cash burn was 9.9 million dollars. A planned follow-on offering in the second quarter was postponed. "Since the Company has more than sufficient funds for working capital, there was no need to proceed with the offering under last month's market", said Marina Speck, CFO of Fantastic.
Major investors in Fantastic include ETF, Vice Chairman Peter Ohnemus, T-Venture (the Venture Capital arm of Deutsche Telekom) and Reuters, which together account for approx. 41 % of Fantastic's shares. "Each of our primary investors have the utmost confidence in us - since the IPO little or nothing was sold through the stock market", said Mrs. Speck.
Please check the following link from TIME Magazine for further information about the top 50 european technology companies: www.time.com/time/europe/specials/eeurope/field/top50.html
The Fantastic Corporation (Zug, Switzerland) is the leading provider of end to end software solutions for broadband data broadcasting. This is an emerging communications technology which combines point-to-multipoint digital broadcasting with point-to-point Internet connectivity, in order to deliver rich interactive media content to PCs, digital set-top boxes or handheld devices (including 3G mobile phones) over any broadband IP network.
By merging the inherent bandwidth and speed benefits of broadcasting technologies with the interactivity of the Internet, broadcast data provides superior content distribution and interaction in an increasingly IP-centric world. Fantastic's end to end software supports the rapid growth of the "data broadcast" industry.
Fantastic's customers are typically in two categories. The first includes network operators, satellite companies and any other company providing broadband data transmission services. The second category is content providers, such as media or entertainment companies, or any organisation wishing to transmit large volumes of digital data to target receiver groups quickly and efficiently.
Fantastic is a public company, quoted on the Frankfurt Stock exchange using the symbol: FAN
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For further information, please contact:
The Fantastic Corporation
Cornelia von Dewitz
Public Relations
Tel +41 41 728 87 82
Fax +41 41 728 86 58
c.vondewitz@fantastic.com
PR-Agency:
Prime Communications
Markus Stadler
Tel. +41 1 287 36 30
Fax +41 1 287 36 99
mstadler@prime-com.net
Or visit our web site at www.fantastic.com
The Fantastic Corporation is a registered trademark. Channel Management Center (CMC), Channel Editorial Center (CEC), CEC Master, and MediaSurfer are trademarks of The Fantastic Corporation.
Zug (Switzerland), June 21, 2000 - Time Magazine Europe this week has named The Fantastic Corporation as one of the 50 hottest technology companies in Europe, and one of the top 9 hottest European software companies.
"To identify the pioneer firms of the new economy in Europe, TIME scoured the Continent for those with the most promising products, services and business models. Consulting venture capitalists, investment bankers and technology experts, we looked for companies with the biggest potential rather than the largest market cap..." writes Jennifer L. Schenker, Senior Technology Writer for TIME.
The results are based on information gathered from Credit Suisse First Boston, Durlacher Research, E-Challenge, Europe Unlimited, Forrester Research, Gartner Group, Goldman Sachs, IDC, Ovum and an independent telecoms analyst.
"This is an important endorsement of Fantastic, its technology, achievements and vision by a major international publication and industry experts", said Reto Braun, Chairman and CEO of The Fantastic Corporation. "We are well on our way for this vision to become reality", Reto Braun continues.
Operating on a secure liquidity of more than 123 million US dollars (per March 31, 2000), Fantastic's healthy financial state is allowing Fantastic to aggressively pursue its plans to expand activities in the Asia Pacific, European, and North American markets. Fantastic's 1st quarter net cash burn was 9.9 million dollars. A planned follow-on offering in the second quarter was postponed. "Since the Company has more than sufficient funds for working capital, there was no need to proceed with the offering under last month's market", said Marina Speck, CFO of Fantastic.
Major investors in Fantastic include ETF, Vice Chairman Peter Ohnemus, T-Venture (the Venture Capital arm of Deutsche Telekom) and Reuters, which together account for approx. 41 % of Fantastic's shares. "Each of our primary investors have the utmost confidence in us - since the IPO little or nothing was sold through the stock market", said Mrs. Speck.
Please check the following link from TIME Magazine for further information about the top 50 european technology companies: www.time.com/time/europe/specials/eeurope/field/top50.html
The Fantastic Corporation (Zug, Switzerland) is the leading provider of end to end software solutions for broadband data broadcasting. This is an emerging communications technology which combines point-to-multipoint digital broadcasting with point-to-point Internet connectivity, in order to deliver rich interactive media content to PCs, digital set-top boxes or handheld devices (including 3G mobile phones) over any broadband IP network.
By merging the inherent bandwidth and speed benefits of broadcasting technologies with the interactivity of the Internet, broadcast data provides superior content distribution and interaction in an increasingly IP-centric world. Fantastic's end to end software supports the rapid growth of the "data broadcast" industry.
Fantastic's customers are typically in two categories. The first includes network operators, satellite companies and any other company providing broadband data transmission services. The second category is content providers, such as media or entertainment companies, or any organisation wishing to transmit large volumes of digital data to target receiver groups quickly and efficiently.
Fantastic is a public company, quoted on the Frankfurt Stock exchange using the symbol: FAN
--------------------------------------------------
For further information, please contact:
The Fantastic Corporation
Cornelia von Dewitz
Public Relations
Tel +41 41 728 87 82
Fax +41 41 728 86 58
c.vondewitz@fantastic.com
PR-Agency:
Prime Communications
Markus Stadler
Tel. +41 1 287 36 30
Fax +41 1 287 36 99
mstadler@prime-com.net
Or visit our web site at www.fantastic.com
The Fantastic Corporation is a registered trademark. Channel Management Center (CMC), Channel Editorial Center (CEC), CEC Master, and MediaSurfer are trademarks of The Fantastic Corporation.
