euro adhoc: PANDATEL AG / Financial Figures/Balance Sheet / Pandatel announces annual figures for fiscal year 2006

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annual report

28.03.2007

Hanover, PANDATEL AG (ISIN DE0006916307), listed on the
Frankfurt Stock Exchange (General Standard). In fiscal year 2006,
PANDATEL generated sales of Euro 9.1m compared to Euro 12.8m in
fiscal year 2005. Sales are in line with forecasts made in mid
2006. EBT increased from Euro minus 15.1m 2005 to Euro minus 6.3m
2006. Cash position amounted to Euro 2.3m at 31 December 2006
(Euro 5.1m at 31 December 2005). In addition, short term
investments totaled Euro 2.9m (Euro 2.9m at 31 December 2005). The
decrease in cash is especially attributable to executing the social
plan (Euro 2.0m) and the cash outflow associated with exiting
the former rental agreement for Hamburg locations (Euro 0.8m).
No significant operational cash flow before these extraordinary
items exists and PANDATEL expects sales of Euro 7.1m in 2007.

Dowslake Venture Ltd. and the management, now serving the company for
one year, concentrated mainly on preserving financial resources and
minimizing losses. Mainly, the measures included the company's
production transfer to China, adapting the number of employees to
the expected sales and streamlining the product portfolio.

The company will present additional figures in its annual report
2006 to be published shortly.

About PANDATEL AG: PANDATEL is a German corporation based in Hanover.
PANDATEL was formed in 1987 as Pan Dacom Telekommunikation GmbH. It
went public at Frankfurt stock exchange in November 1999. Majority
shareholder is Dowslake Venture Ltd. with Dr. Dan D. Yang as CEO. In
March 2006, Dr. Yang became also CEO of PANDATEL AG. PANDATEL is
specialized in Ethernet technologies. For further information please
visit www.pandatel.com

end of announcement euro adhoc 28.03.2007 17:34:03
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ots Originaltext: Pandatel AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
insignis GmbH, Agency for Communication
Raik Packeiser
Berliner Allee 9 - 11
30175 Hanover, Germany
Phone: .+49 511 33 65 15 31
Fax +49 511 33 65 15 33
Email raik.packeiser@insignis.de

Branche: Telecommunications Equipment
ISIN: DE0006916307
WKN: 691630
Index: Prime All Share
Börsen: Frankfurter Wertpapierbörse / regulated dealing/prime
standard
Börse Berlin-Bremen / free trade
Hamburger Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Niedersächsische Börse zu Hannover / free trade
Bayerische Börse / free trade