ad pepper media continues its successful Q1 course and registers the best half-year results in the Company’s history

Nuremberg, Amsterdam, The Netherlands, 31 July 2006

The Company’s positive and dynamic Q1 development has continued in the current 2006 financial year. Besides a further sustainable improvement in turnover and gross profit, newly acquired technologies were successfully in-tegrated and are already positively contributing to the company’s perform-ance.

For the second quarter of 2006, ad pepper media registered a turnover of 10,910 TEUR, an increase of 70 percent compared to the same period of the previous year (6,411 TEUR). Through the targeted and efficient usage of the proprietary webstats4U network, gross profit for Q2 also increased by 104 percent from 2,689 TEUR to 5,474 TEUR. Also, earnings before interest and taxes (EBIT) significantly increased in Q2 from –477 TEUR to 517 TEUR. Thus, consolidated earnings improved to 381 TEUR from the –278 TEUR in Q2 of the previous year.

The Company’s growth and the dynamic of the market are also reflected in the half-year results. Turnover generated in the first half-year 2006 amounted to 20,173 TEUR. This corresponds to a 70 percent increase in turnover, compared to the first half-year 2005 (11,861 TEUR); in the same period, gross proft increased by 95 percent to 9,867 TEUR (previous year: 5,073 TEUR). EBIT for the first half of 2006 amounted to 6,764 TEUR, com-pared with -500 TEUR in the same period of the previous year. Consolidated earnings for the first six months of 2006 are reported at 6,466 TEUR (previ-ous year: -122 TEUR).

As of June 30th, 2006, the Company disposes of liquid resources, including short-term liquidisable securities, amounting to 24.9 million EUR. The change in liquidity compared to December 31st, 2005 results primarily from the sale of shares in dMarc and Falk eSolutions AG, as well as the acquisition of Crys-tal Reference Systems Ltd in Q1/2006 and the acquisition of Webgains Ltd. during the past quarter.

The complete six-month report will be published on 23 August, 2006 and will be available from this date on for down-loading at: www.adpepper.com.

Key figures for 2006/2005, in accordance with IFRS:

* including short-term liquidisable fixed asset securities