DGAP-News: OpenLimit Holding AG: Preliminary Results 2008 - Strong Growth in 2008

OPENLiMiT Holding AG / Preliminary Results

03.03.2009 

Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------

Baar, Switzerland — 3 March 2009 — Swiss OpenLimit Holding AG, a leading
provider of electronic identity and signature solutions, has concluded 2008
with the best revenue and profit results in the company's history. Based on
the preliminary results, OpenLimit was able to increase revenue by 46% from
CHF 4.85m in 2007 to CHF 7.06m. The revenue in the 4th quarter reached CHF
4.69m, an increase of 29% in comparison to the same period 2007, and equals
66% of the total revenue for the year. The revenue development 2008 is the
same as in previous years. Through company produced additions to software
development, total income for the year reached CHF 9.32m (compared to 2007:
CHF 6.57m), an increase of 42%. The positive development shows clearly that
the market acceptance for the OpenLimit products has again increased
substantially, as well as the willingness of businesses and public entities
to invest in legally-binding electronic processing.

OpenLimit continued to invest in additional personnel resources and
marketing in 2008. The number of employees augmented by 15 to 46 employees
by the year's end. Operational expenses, as a result, increased from CHF
4.71m to CHF 5.92m.  EBITDA increased by 84% from CHF 1.85m in 2007 to CHF
3.40m in 2008. EBIT also improved from CHF 0.85m in 2007 to CHF 2.01m, even
though depreciation increased in comparison to the previous year, reaching
CHF 1.39m. OpenLimit was profitable for the second year in a row with net
profit reaching CHF 1.60m or 17% of total income.

The economic conditions in 2009 bear significant uncertainties and
currently do not enable a forecast for the year. OpenLimit completed
development of two new products for electronic archives in December 2008
and plans to release its certified OpenLimit middleware technologies in
2009. OpenLimit thus has new technologies, which are very timely in regard
to current market developments. Based on the savings potential of OpenLimit
technologies and the fast return-on-investment for customers, OpenLimit is
confident that these arguments are stronger than the potential investment
delays as a result of the current economic environment.

The final figures for the year 2008, as well as additional information
pertaining to the course of business, will be released with the Annual
Report on April 7, 2009. 
About OpenLimit
OpenLimit is an internationally recognized leading solution provider of
electronic identity and signature software, headquartered in Baar,
Switzerland, and with a wholly-owned subsidiary in Berlin, Germany. The
components of the solution can be easily integrated into existing
applications, enable media-consistent workflows and the efficient
management of electronic documents in all business areas. OpenLimit holds
the very first certification recognizing world-wide compliance with the
international security standard Common Criteria EAL 4+, guaranteeing the
highest degree of security and legal validity currently achievable.
Additional information may be found on the company website:
www.openlimit.com


Legal Disclaimer:
This press release contains forward-looking statements. Forward-looking
statements are statements which do not describe actual facts from the past;
they also comprise statements about our assumptions and expectations. Every
statement in this press release which reflects our intentions, assumptions,
expectations or forecasts (together with the assumptions that give rise to
our views) constitutes a forward-looking statement. These statements refer
to plans, estimates and forecasts which are currently available to the
management of OpenLimit Holding AG. Thus forward-looking statements only
refer to the day on which they were made. We shall accept no obligation to
adjust and/or publicize such adjusted statements in the light of new
information or future results.
DGAP 03.03.2009 
---------------------------------------------------------------------------
Language:     English
Issuer:       OPENLiMiT Holding AG
              Zugerstrasse 76 b
              6341 Baar
              Schweiz
Phone:        +41 41-560-1020
Fax:          +41 41-560-1039
E-mail:       investor@openlimit.com
Internet:     www.openlimit.com
ISIN:         CH0022237009
WKN:          A0F5UQ
Listed:       Regulierter Markt in Frankfurt (General Standard);
              Freiverkehr in Berlin, München, Stuttgart
End of News                                     DGAP News-Service
---------------------------------------------------------------------------