DGAP-News: LetsBuyIt Group AG / Key word(s): Miscellaneous Letsbuyit Group AG decides to change to the Entry Standard 02.03.2012 / 11:00 --------------------------------------------------------------------- Corporate News from 2 March 2012 Letsbuyit Group AG decides to change to the Entry Standard - Change to a higher segment by autumn of 2012 - The preparation of a security prospectus will be linked with the change to the Entry Standard - Intensification of the capital market communication Zurich, 2 March 2012. LetsBuyIt Group AG, parent company of the website LetsBuyIt.com, operating a fully automated online price comparison portal with social shopping services, intends to change from the First Quotation Board to the Entry Standard at the stock exchange in Frankfurt. One the one hand, LetsBuyIt Group AG takes account of the increased interest of institutional investors by changing to the Entry Standard, which is accompanied by extended transparency obligations. On the other hand, the company forestalls the closing of the First Quotation Board in fall of 2012 by the Deutsche Börse AG. In addition, LetsBuyIt Group AG will prepare a security prospectus, which shall be completed in summer of 2012 and submitted to Bafin. Renell Wertpapierhandelsbank AG will consult and assist the company during the submission process. The date of the segment change will presumably take place in autumn of 2012. The change to the Entry Standard will be accompanied by an intensification of the capital market communication. Therefore, LetsBuyIt Group AG wants to prepare in addition to an interim report as part of the extended duties to disclose, the company will participate in capital market conferences as well as increase the dialogue with institutional investors. The company furthermore intends to publish all corporate publications in the German and in the English language. 'We see the integration of our company in the Entry Standard as a first step within the frame of a purposeful expansion of our capital market and investor relations activities. Our objective is a continuous and transparent dialogue with the capital market participants,' says Izzet Guney, chairman of the board of LetsBuyIt Group AG. About Letsbuyit LetsBuyIt.com is a platform that provides online price comparison and social shopping services. LetsBuyIt has three different website versions and is currently active in France, Germany and United Kingdom. The Company currently offers more than 50 million products from over 1,500 different online merchants. LetsBuyIt makes continuous and live updates to its product database and indexes new merchants and their products daily. LetsBuyIt enables customers to purchase products at the lowest possible price whilst providing the best online shopping experience. The Company aims to become a leading shopping portal and e-commerce community meeting point. LetsBuyIt's point of difference and distinctive features are its social tools which give customers the opportunity to exchange opinions on their buying experience, and views on the quality of various products. The company identifes behavioural experiences of its members to develop its cutting edge online experience. For Further Information, please Contact: pr@letsbuyit.com LetsBuyIt Group AG Emmanuel Noirhomme, Manager Phone: +33 1 83 64 77 38 Leander (Investor Relations and Media Relations, UK) Christian Taylor-Wilkinson Phone: +44 (0)7795 168 157 Stoffels Kommunikation (Media Relations, Germany) Herbert Stoffels Phone: +49 40 398 077 131 End of Corporate News --------------------------------------------------------------------- 02.03.2012 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- 159117 02.03.2012
DGAP-News: Letsbuyit Group AG decides to change to the Entry Standard
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