ad pepper media announces its figures for the first quarter of 2008

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Nuremberg, Amsterdam, the Netherlands, 13 May 2008 – ad pepper media International N.V. opened the new business year 2008 with an impressive increase of 14.8% in revenues to EUR 13,032 k (Q1/2007: EUR 11,349 k) and earnings before interest, taxes, depreciation and amortisation (EBITDA) of EUR 482 k (Q1/2007: EUR 1,972 k). Earnings before taxes (EBT) amounted to EUR -208 k after EUR 1,627 k in Q1 2007. Earnings per share (EPS) amounted to EUR -0.02 (Q1/2007: EUR 0.14).

First quarter earnings were enhanced by a final milestone payment of EUR 1,005 k arising from the sale of Falk eSolutions to DoubleClick. Revenues and earnings were however, influenced by the impact of foreign currency exchange rates between Euro and US dollar as well as the British pound.

The complete month report will be published on 21 May 2008 and will be available from this date on for downloading at: www.adpepper.com.

Key Figures for Q1/2008 compared to Q1/2007:

    Q1/2008 Q1/2007 Change
in %
Turnover EURk 13,032 11,349 +14.8%
Gross margin EURk 5,698 (43.7%) 5,936
(52.3%)
-4.0%
Operating costs EURk 6,089 4,490 +35.6%
EBITDA EURk 482 1,972 -75.6%
EBIT EURk -391 1,446 -127.0%
EBT EURk -208 1,627 -112.8%
Net gain EURk -207 1,521 -113.6%
Earnings/share
(undiluted)
EUR -0.02 0.14 -114.3%
Cash and cash
equivalents
EURk 16,250 19,767 -17.8%
Shareholders equity EURk 56,182 55,041 +2.1%
Total assets EURk 67,435 69,562 -3.1%

Jens Körner (CFO)
ad pepper media International N.V.
Phone: +49 (0) 911 929057-0
Fax: +49 (0) 911 929057-157
E-mail: ir@adpepper.com