STOCKHOLM, Sweden, Aug. 29, 2002 (PRIMEZONE) -- Effnet Group AB has passed resolutions at the extraordinary general meeting of shareholders held today, in accordance to the board of directors' proposal, to reduce the Company's share premium reserve by SEK 175 million. The resolution was conditional upon approval being obtained by the court in accordance with the stipulations of the Swedish Companies Act.
About Effnet
Effnet develops and sells embedded software that increases the efficiency, speed and security of IP traffic on fixed and mobile networks to manufacturers of network products. Effnet techniques enable optimal performance for IP packet processing. The company was founded by leading researchers in the Header Compression field and has operations in Stockholm, Sweden and Tucson, Arizona. Effnet Group AB is quoted on the New Market in Sweden (symbol: EFFN). More information can be found at www.effnet.com.
For further information please contact: Magnus Ryde, Chairman Effnet Group AB +1-408-262-3448, +1-408-221-8941, +46-(0)70-222 0611
Goran E. Larsson, Vice Chairman Effnet Group AB +46-(0)8-564 605 50, +46-(0)705-65 68 69
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