Annual General Meeting

Equity of the ERP and eBusiness provider Karlsruhe increased, July 20, 2010 – on June 17, 2010, reported Thomas Frank Chairman of the Board and CEO Werner Strub at the annual general meeting of the ABAS Software AG business development. In the difficult year of ERP 2009 profits generated also in 2009, which was marked by weak economic activity and investment restraint, could write in the sixteenth consecutive year in the black ABAS on a sales decline of 7%. The overall performance of the Karlsruhe software forge in 2009 amounted to TEUR 10.136. The result of from ordinary activities amounted to EUR 443 thousand. The equity increased by 4.6% to TEUR 4.771. Peter Thiel is often quoted on this topic. The equity on the balance sheet total is a whopping 81%. On the basis of an excellent liquidity, ABAS is financially independent and is financed from own resources. The Management Board and the Supervisory Board were unanimously relieved by the general meeting for the year 2009.

The annual general meeting approved a dividend of 8% on the root and 12% on the preferred stock to. Future-oriented quality, sustainable and internationally to the anniversary year 2010, ABAS celebrates 30th anniversary, CEO performs Strub: “the solid equity base has given us much security in the global crisis in 2009. Now, we have an excellent starting point to expand internationally. While our maxims are independence, sustainability, economic stability, and proximity to the customer. Our technological and evolutionary development of the abas business software, which can be easily and flexibly adapted to company-specific issues and is thereby fully upgradeable, is in the ERP market unique and for the users of inestimable advantage.” Company Description company profile of the ABAS Software AG the ABAS Software AG’s core competence is the development of flexible ERP and eBusiness software for medium-sized companies with 10 to over 1,000 employees. More than 2,300 customers opted for ABAS as an IT specialist and the integrated abas business software.