No. of Recommendations: 1 Acquires Digiweb A/S

COPENHAGEN, Denmark--(BUSINESS WIRE)--Feb. 1, A/S (Nasdaq: ENON - news; Warrant: ENONW), a European-based Internet solutions integrator, Tuesday announced it has acquired Digiweb A/S (, one of Scandinavia's premier Web-hosting and domain name registration companies.

Digiweb operates a fully automated domain name registration and Web-hosting service for more than 14,000 accounts, mostly for small businesses.

``This acquisition expands's Web-hosting customer base by more than ten fold and enhances's leadership in European domain name registration services,' said Aldo Petersen, chief executive officer for ``We have followed the development of Digiweb, particularly its recent expansion, and we consider it an industry leader when it comes to innovation.

``Digiweb's automated domain name registration system is one of the most technologically advanced in Europe, and we plan to integrate it into our product offering almost immediately.'

``Digiweb has experienced rapid growth, especially most recently, and we see this merger as a way to continue it,' said Jan Johnassen, chief executive officer of Digiweb.

``We think the combination of the two organizations and the different product offerings will help us establish an even stronger position in Scandinavia and give us a competitive advantage competing elsewhere in Europe, especially in marketing to small businesses. We know the people at and are looking forward to working with them.'

Under the terms of the acquisition, has acquired ownership of Digiweb for 400,000 Danish Ordinary Shares. is in the process of preparing financials for Digiweb which meet the requirements of U.S. GAAP, but has not yet completed doing so.

The unaudited revenues for Digiweb for calendar year 1999 were approximately $1.4 million (U.S.), based upon currently prevailing rates of exchange. Along with creating a stronger market position within the Internet services industry, the acquisition gives the ability to sell its products to the Digiweb customer base.

Noting the importance of being traded on NASDAQ, Petersen commented that, ``In today's world, it is very hard to hire such an extremely talented and experienced group of people as the one we have just added to our team.

``We took advantage of being one of only four Danish companies on NASDAQ and followed the U.S. model of using stock to appeal to the entrepreneurial nature of the founders of Digiweb.'

Digiweb A/S is independent of similarly named College Park, Md.-based Digiweb Inc. (; subsidiary of Interliant Inc., Nasdaq: INIT). The two companies maintain a customer referral relationship.

Founded in 1986, is a European-based European Internet solutions integrator with offices in Denmark, France, Norway, Sweden, and the U.K.

Combining diversified Internet, media and telecommunications products and services, equips small- to medium-sized European companies with Internet business solutions, including domain name registration, Internet access, print and electronic media placement, Web site design and hosting, and telephony offerings, among others. also offers several consumer-oriented Web sites, including a leading Internet portal, Web search engine, online magazine, Internet shopping mall, e-retailer of music, and travel agency.

Except for historical information contained herein, this news release contains forward-looking statements that are dependent on risks and uncertainties including such factors, among others, as the pace at which new markets develop, the highly volatile stock price, the intense competition from much larger companies, the lack of positive cash flow or earnings and the need for additional cash, technological risks, patent risks and the company's possible inability to implement timely responses to market conditions.

Further information on is contained in the publicly filed disclosures available through the SEC's Public Reference Branch or from the company's Investor Relations Department.

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