SOURCE: ClickandBuy

August 28, 2009 08:12 ET

New Shareholder Structure at ClickandBuy

Norbert Stangl, founder and chairman of the supervisory board of ClickandBuy, sells his shares in FIRSTGATE Holding AG

KÖLN, GERMANY--(Marketwire - August 28, 2009) -

London/Zug, 28 August 2009 - Norbert Stangl, founder and formerly majority shareholder of the ClickandBuy group, has sold his stake in the parent company, FIRSTGATE Holding AG, Zug, to his co- shareholders T-Online Venture Fund, Intel Capital, and two Swiss family offices. Confidentiality regarding the acquisition price was agreed. The new Chairman of the Supervisory Board is Dr. Peter-Paul Stengel, who has actively supported the company at supervisory board level since its establishment.

Stangl, who founded ClickandBuy at the end of 1999 and within eight years made the company a leading European internet payment service, is happy about things: "ClickandBuy is the only payment service, next to PayPal, to manage to play a leading role in the internet payment market at international level."

Stangl adds: "Over the last few years, ClickandBuy has developed into a well-established company: With a transaction volume of over one billion euros, 12,000,000 end customers, and more than 14,000 merchants, ClickandBuy has acquired a sound position in the internet. These are merely some of the many reasons why renowned sellers such as iTunes, Musicload, Redcoon, AOL, Autoscout 24, and Electronic Arts (EA) etc. place their trust in the service expertise and wide experience of ClickandBuy. But speaking for myself, after 10 years on board, it's time for me to do something new. With Charles Fraenkl, Group CEO of ClickandBuy at the helm and flanked by financially powerful investors, the company's future is in good hands."

The new and previous shareholders wish to push the development of ClickandBuy along and, to this end, seek strategic cooperations with renowned international e-commerce companies. Patrick Meisberger, Fund Manager T-Online Venture Fund, comments: "ClickandBuy has enormous potential. We are convinced of our growth prospects. ClickandBuy is the clear alternative to PayPal, and with customers such as Apple iTunes or McAfee, we are very soundly positioned."

Norbert Stangl, internet pioneer and serial entrepreneur, having already established Strato AG in Berlin, has written internet history for a second time with ClickandBuy. Stangl's new project is also likely to be very successful: Via the platform, Stangl offers internet surfers the possibility of automatically recording thousands of music titles played on what are meanwhile more than 20,000 internet radios and, as MP3s, transfer these titles to the PC or mobile media players. This is legal, says Stangl, as opposed to file sharing networks. MarmaladeTunes costs EUR 2.99 per month and, how else could it be, is paid for via ClickandBuy exclusively throughout Europe.

About ClickandBuy

ClickandBuy is one of the leading payment services in the internet. The international full-service e-payment and billing provider has had its most successful year in its company history. Having doubled sales with dealers and end customers (= total transaction volume) to EUR 922 million in 2008, the ClickandBuy Group seeks to achieve similar growth in 2009. Over 14,000 providers use ClickandBuy for their e-commerce, retail, online entertainment, and paid content billing, including Apple iTunes, Electronic Arts (EA), T-Online Gamesload, Softwareload und Musicload, Medion, AOL, Telefónica, Orange, Tiscali, Redcoon, Home of Hardware, Nero, SanDisk, Meetic, Parship, AutoScout24, ADAC, RTL, MTV, Playboy, and, etc. Online shops can benefit considerably by using ClickandBuy, increasing their sales by 150%, according to the latest survey conducted by E-Commerce-Center Handel in Cologne (ECC). The internet payment service founded by Norbert Stangl in 1999 is operated by ClickandBuy International Ltd. As an e-money institution licensed by the UK's Financial Services Authority (FSA), ClickandBuy offers its customers 47 national and international modes of payment throughout 30 countries.

ClickandBuy - Media Contacts

Andreas Horst * Director Corporate Communications * ClickandBuy International Ltd. * Lincoln House 137 / 143 Hammersmith Road * London * W14 0QL * Phone: +44 (0) 20 7605 06 84 * E-mail: *

This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

Copyright © Hugin AS 2009. All rights reserved.

Contact Information