Nexus Retains Net Sales but Profit Falls -- Action Plan to be Implemented

Linkoping, SWEDEN

LINKOPING, Sweden, April 25, 2002 (PRIMEZONE) -- Nexus has retained its level of net sales from the first quarter 2001, but profit has fallen to SEK -2.9 million before depreciation, SEK -4.9 million before goodwill amortisation, and SEK -10.8 million after financial items.

In order to counteract the deterioration in profit and the general insecurity in the market Nexus is carrying out an action plan that will result in annual cost savings of SEK 30 million.

Savings for 2002 will amount to approximately SEK 15 million, including a reduction in structural costs.

The effect on profit will be evident during the fourth quarter.

For the year as a whole, the company anticipates growth and a positive profit level.

Further comments and information will be given at the previously announced financial hearing today.

For further information please contact:

Mikael Jacobsson, CEO, Technology Nexus AB, +46 706 47 58 10, +46 13 35 74 15, e-mail:

Facts on Technology Nexus AB

Technology Nexus AB (publ.), listed on the O-list of the Stockholm Stock Exchange, has specialised in the development and supply of secured IT solutions to improve clients' profitability. Nexus works not only with end-clients, but also as a development partner for clients with very high quality requirements. Nexus' vision is to be a leading partner for secured solutions in the digital economy. Nexus has around 420 employees, with offices in Stockholm, Gothenburg, Uppsala, Linkoping (head office), Umea, Karlstad, Vasteras, Borlange, Hamburg, Paris, London, Madrid, and New Jersey. More information is available at E-mail:

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