ad pepper media announces interim figures for third quarter of 2007

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Nuremberg, Amsterdam, Netherlands, 21 November 2007

ad pepper media International N.V. was able to increase sales by 20% to kEUR 12,014 in the 3rd quarter of 2007 compared with kEUR 10,015 for the corresponding period of the previous year. The gross margin rose to kEUR 5,305 (Q3/2006: kEUR 4,941). EBITDA in the completed three months amounted to kEUR 1,895 (Q3/2006: kEUR 790). EBT for the 3rd quarter of 2007 was kEUR 1,232 (Q3/2006: kEUR 614).

Cash and cash equivalents increased over the previous quarter by some EUR 1.0 million to EUR 15.7 million; this figure does not include the approx. EUR 4.3 million to be transferred by Google in the coming weeks as a further milestone payment (dMarc Broadcasting), which in accordance with IFRS will affect 3rd quarter results.

In operational terms, the 3rd quarter was still geared to the roll-outs of Webgains and mediasquares and further investment in new technologies and products. Worth mentioning in this connection are the market launch of our semantic targeting technology iSense in Germany and the integration of Emediate ad server technology into the entire ad pepper network.

A cost reduction and efficiency optimization programme has also been implemented, in the course of which higher provisions were necessary for personnel adjustment measures. Together with extraordinary depreciation on intangible assets (self-produced software) and receivables, the figures for the third quarter include total nonrecurring expenses of EUR 1.5 million.

The full quarterly report will be published on 29 November 2007 and will then be available for downloading at:

Q3/2007 Q3/2006 Diff.  Q1-Q3/ 2007 Q1-Q3/ 2006 Diff.
Sales kEUR 12,014 10,015 +20% 36,021 30,188  +19%
Grossmargin   kEUR 5,305 4,941 +7% 17,503 14,808 +18%
EBITDA kEUR 1,895 790 +140% 4,624 8,421 -45%
EBIT kEUR  1,161 399  +191%  2,812  7,163 -61%
EBT kEUR 1,232 614 +101% 3,226 7,651 -58%

For further information:
Jens Körner (CFO)
ad pepper media International N.V.
Tel.: +49 911 929057-0
Fax: +49 911 929057-157

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Thank You!

ad pepper media managed its successful IPO at the end of 2000 as one of the last companies of the so-called Neuer Markt. This was followed by one of the worst economic crises in decades, with the dot-com bubble bursting and the 9/11-driven recession starting in 2001.

It’s now been almost 20 years since we took this daring step, and we haven’t just been resting on our laurels in the meantime. In fact, with record results and a squeaky-clean balance sheet, we’re in a healthier position today than ever before. Two decades of experience as of one of the leading performance marketing companies in Europe have also made us vigilant and prepared us for future economic headwinds.

This is something we are proud of: However, this success also makes us humble well knowing that currently many companies are struggling to survive. And with many people fearful of losing their jobs (or even their lives), we don´t think it´s the right time to celebrate. Nevertheless, we would like to say a big THANK YOU to our employees, stakeholders and everyone else who has stood by us and believed in us from the very beginning.