Fabasoft AG  / Key word(s): Statement

27.05.2015 21:30

Dissemination of an Ad hoc announcement, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Fabasoft Swiss AG has participated in the tender procedure of the Swiss Federal Chancellery for the service contract (1432) 104 WTO GEVER. The principal announced on May 27th, 2015 that Fabasoft would not be awarded the bid. Fabasoft has the right to appeal to the Federal Administrative Court against this contract award decision. After having obtained consultation, Fabasoft will file such appeal with the Federal Administrative Court. Whether and what impact this decision by the principal will have on Fabasoft AG's Swiss business initially depends on the outcome of review proceedings of this tendering award. Furthermore, it should be noted that in accordance with the tender conditions, the project implementation from the contract award is still subject to the obtaining of financing. According to an announcement by the Federal Chancellery, the decision about the financing of the project will not be made until after the summer of 2015. Finally, it should be noted that according to the schedule currently being pursued by the principal, the introduction of the new GEVER products is not expected to be completed until 2018.

27.05.2015 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      Fabasoft AG
              Honauerstraße 4
              4020 Linz
              Austria
Phone:        +43 732-606162-0
Fax:          +43 732-606162-609
E-mail:       leopold.bauernfeind@fabasoft.com
Internet:     www.fabasoft.com
ISIN:         AT0000785407
WKN:          922985
 
Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Stuttgart, München, Hamburg, Düsseldorf  
End of Announcement DGAP News-Service  

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