Nanostart AG Announces Provisional Figures for the 2005 Financial Year; Publication Pursuant to Section 12, Sub-Section 2 of the Guidelines for the Open Market of the Frankfurt Stock Exchange
The Frankfurt-based nanotechnology investment company Nanostart AG can look back on a successful financial year in 2005.
“The 2005 financial year was the year of new beginnings for Nanostart AG. Although we are currently in the cost-intensive investment phase, we again recorded a net income at the close of the 2005 financial year”
In the course of the past financial year, the company's Portfolio division significantly increased its investments in aspiring nanotechnology companies. The five investments added to the portfolio in 2005 include, among others, the German ItN Nanovation GmbH and the US-American NanoOpto Corporation. Having taken over VentureTech Equity-Partners GmbH in the autumn of the last year, Nanostart AG now also owns a 100-percent subsidiary which, in addition to nanotechnology investment business, will in future also operate in the high-tech venture capital segment. For the first time in 2005, Nanostart AG posted income from long-term equity investments in this segment amounting to EUR 1.9 million (fiscal 2004: EUR 0.0 million).
With EUR 0.6 million (fiscal 2004: EUR 0.4 million), the Financial Services division, through which Nanostart AG provides advice to companies investing in the nanotechnology sector, contributed significantly to the gross revenue in fiscal 2005. Through the acquisition of an additional advisory mandate for a new nanotechnology investment fund in December 2005, this division of Nanostart AG is also poised for future growth.
"The 2005 financial year was the year of new beginnings for Nanostart AG. Although we are currently in the cost-intensive investment phase, we again recorded a net income at the close of the 2005 financial year," explains Marco Beckmann, CEO of Nanostart AG. "With our expansive corporate strategy, we are pursuing very high goals. The fact that we are able to work at a profit even in the investment phase is what makes our business model stand out and is not only in the interests of our shareholders, but also a clear advantage over our competitors."
The full annual report of Nanostart AG is expected to be published at the end of May 2006 and can then be viewed on our website under http://www.nanostart.de.
About Nanostart AG:
Nanostart AG is a listed nanotechnology investment company whose activities are divided into two areas: one of its focuses is investing in fast-growing nanotechnology companies; its other key area of activity is advising companies in the financial industry on investments in the nanotechnology sector.