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Every month TOMORROW FOCUS AG issues several up-to-the-minute press releases. Keep up with what is going on at TOMORROW FOCUS AG in the way of new developments, cooperation arrangements and business transactions.
Press Archiv
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May 10, 2010
TOMORROW FOCUS AG increases revenue by 44.5 percent in the first quarter of 2010 – earnings up year on year despite extensive investment
Munich, Germany, 10 May 2010 – TOMORROW FOCUS AG, one of Germany’s foremost listed internet media groups, continued its growth path also in the first quarter of 2010.
March 24, 2010
TOMORROW FOCUS AG achieves further growth in revenue and earnings in 2009 despite global financial crisis
Munich, 24 March 2010 – TOMORROW FOCUS AG, one of Germany’s foremost exchange-listed internet media groups, maintained its established track record of growth in 2009, a year dominated by the global financial crisis.
January 25, 2010
Marketing joint venture between G+J Electronic Media Sales (EMS), IP Deutschland, SevenOne Media and TOMORROW FOCUS is launched under "AdAudience" name Frank Herold to head new company for marketing to target groups
Munich, January 25, 2010. At a joint press conference today, marketing companies G+J Electronic Media Sales (EMS), IP Deutschland, SevenOne Media and TOMORROW FOCUS announced the founding of AdAudience GmbH. The EU Commission approved the four marketers’ joint venture on January 22. All four hold equal parts of the new company, based in Düsseldorf. Frank Herold, hitherto Director Sales at IP Deutschland’s Interactive operation, will become AdAudience’s Managing Director. He will be building up a high-impact marketing team over the next few months.
November 23, 2009
Award proceedings – Higher Regional Court upholds TOMORROW FOCUS AG appeal
Munich, Germany 23 November 2009 – In a decision dated 4 November 2009, the Hanseatic Higher Regional Court in Hamburg, Germany, ruled that the share exchange ratio applied to the merger agreement in 2001 between TOMORROW Internet AG and TOMORROW FOCUS AG (trading at the time under the name FOCUS Digital AG) was not inappropriate.
October 14, 2009
TOMORROW FOCUS AG completes successful capital increase
Munich, Germany, 14 October 2009 – On 15 September 2009, TOMORROW FOCUS AG announced its intention to increase the company’s share capital by 12.5 percent or EUR 5,890,265 by drawing on its authorised capital to issue 5,890,265 new shares in exchange for cash contributions under a non-public offer.
September 14, 2009
TOMORROW FOCUS AG acquires 100 percent stake in EliteMedianet GmbH
Munich, Germany, 14 September 2009 – TOMORROW FOCUS AG acquired the remaining 36.93 percent of the shares in EliteMedianet GmbH from the former shareholders at identical economic conditions. Of these shares, 20 percent were acquired from founders Arne Kahlke, Sören Kress and from EliteMedianet Beteiligungs GbR, and a further 16.93 percent from Burda Digital Ventures. The purchase price is about EUR 13 million. The acquisition of the shares is subject to the availability of financing and the approval by the companies’ boards, which will shortly be confirmed.
August 03, 2009
TOMORROW FOCUS AG achieves substantial growth in first half of 2009 with revenue up 14 percent and EBIT up 30 percent
Munich, Germany, 3 August 2009 – TOMORROW FOCUS AG, one of Germany’s foremost listed internet media groups, continues to expand. According to its provisional results for the first half year, revenue, EBITDA and EBIT are all well above the equivalent figures for the first six months of 2008.
March 30, 2009
TOMORROW FOCUS AG announces definitive results for 2008
Munich, Germany, 30 March 2009 – As shown by its definitive results for 2008, TOMORROW FOCUS AG was able to increase consolidated revenue for 2008 by 2.9 percent from EUR 74.9 million to EUR 77.1 million despite the difficult market situation.
February 12, 2009
TOMORROW FOCUS AG increases stake in HolidayCheck AG by a further 14 percent – company founders remain on board with 6 percent
Munich, Germany, 12 February 2009 - TOMORROW FOCUS AG today boosted its stake in the travel and holiday portal HolidayCheck Ltd., which is based in Bottighofen, Switzerland, by acquiring a further 14 percent of the shares through its subsidiary TF-Beteiligungs GmbH. The purchase price of EUR 21.6 million will be paid in three instalments - 60 percent immediately, 30 percent on 12 February 2010 and the remaining 10 percent on 12 February 2011. The purchase price includes an accumulated pro rata entitlement to draw profits and cash.
December 5, 2008
Jörg Trouvain appointed new CEO of HolidayCheck AG
Munich (Germany) and Bottighofen (Switzerland), 5 December 2008