Shareholder's Meeting 2006 of ABAS Software AG

On July 21, 2006 the shareholders, the CEO and the Supervisory Board of ABAS Software AG met for the shareholders' meeting in the Renaissance Hotel, Karlsruhe. Chairman of the Supervisory Board, Peter Walser, and Chairman of the Executive Board, Werner Strub, reported on the business trend of the ABAS Software AG to the shareholders which were present.

Growth in sales revenue, sales figures and profit
The year 2005 which was characterized by a worldwide reflation, also was one of the most successful ones in the company history of the ABAS Software AG from Karlsruhe. The sales revenue, sales figures and the profit were increased considerably compared to the previous year. As in the past twelve years ABAS was again able to remain in the black in 2005. The overall performance of the Karlsruhe software provider rose by 8% to TEUR 8386 in 2005. The operating profit was increased by 170% to TEUR 754. The equity capital was increased by 15% and is now TEUR 3067. The equity capital amounts to a lofty 74% of the balance sheet total. In comparison: medium-sized business' in Germany have an average equity capital of only 18%. On the basis of excellent liquidity, ABAS is financially independent and finances itself using its own resources. Confidence in the CEO and the Supervisory Board was unanimously confirmed in the shareholders' meeting for 2005. The annual shareholders' meeting approved a distribution of company profits as follows: 8% for the common shares and 12% for the preferred shares.

International success made in Germany
The ABAS Software AG develops its abas Business Software in the technology region Karlsruhe, in Germany. The software is being represented in 22 countries by a network of certified partners. The abas Business Software is a great success worldwide and stands for quality, competence, innovation, modern technology, service and a high level of customer satisfaction. With foresight the abas CEO Werner Strub emphasizes: "ABAS is setting the course for healthy growth in the future. Elementary further development of the abas Business Software, as for instance in the areas eBusiness and Automotive, find a ready market and the evolutionary system approach guarantees above average customer satisfaction.

ABAS Software AG
Südendstr. 42
76135 Karlsruhe
GERMANY
Tel. 49 721-9672301
Fax 49 721-679651
info@abas.de
www.abas.de

Company profile of the ABAS Software AG
The core competence of ABAS Software AG is the development of flexible ERP and eBusiness software for medium-sized companies with up to 1,000 employees. More than 1,700 customers throughout the world have opted for both ABAS as IT specialist, and for the integrated abas Business Software. The company ABAS that was once characterized by students has now become a group of companies. ABAS Software AG in Karlsruhe employs about 85 people, together with over 50 abas partners worldwide that is a total of approx. 545 employees. The abas software partners provide on-site support and a range of services including implementation, hardware and network support, customization and a helpdesk and ensure short reaction times and high service quality. International partners in Germany, Austria, Switzerland, Hungary, Poland, Rumania, Bulgaria, Turkey, the Czech Republic, France, Spain, Egypt, Italy, Saudi Arabia, Jordan, United Arab Emirates, Iran, Indonesia, Malaysia, China, Hong Kong, Australia, and the USA represent the ABAS Software AG throughout the world.

abas Business Software – product profile
The brand name abas Business Software includes the products abas ERP for production, abas Trade for trade and service companies and the eBusiness solution abas eB. abas Business Software (ERP, PPC, MRP, eBusiness), a solution for medium-sized companies, is flexible, adaptable and future-proof. The clear structure and well thought-out implementation strategy of the system enables a short implementation period, as well as a trouble-free integration into the company structure. Specific adaptations can be integrated with very little effort. With every upgrade new functions and technologies are constantly added to the standard software. As a result, abas users are always using the most up-to-date product. abas Business Software can be run using Linux, Unix and Windows. ABAS has supported the open source operating system Linux since 1995. Approximately 80% of over 1,700 abas installations are based on Linux.
abas Business Software - range of services: Sales/sales order processing/shipping, purchasing/purchase order processing, warehouse management, scheduling, logistics, materials management/MRP, production/PPC, financial accounting, fixed asset accounting, cost accounting, controlling, eBusiness, etc.

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