Eastpoint buys Affiliator.com

Eastpoint AB: (publ) is officially finished with the acquisition of Affiliator AB.

NGM: EAST B

Eastpoint AB: (publ) is officially finished with the acquisition of Affiliator AB. Affiliator helps companies to market their products via the Internet. Together with Affiliator will Getupdated (Daughter Company to Eastpoint AB) become a complete Internet marketing company with products like Search Engine Marketing, Banner Network and also affiliate marketing. The agreement was signed Jan 31/2007 and acquisition follow through in process February 1/2007, (a month earlier then announced).

The acquisitions amounted to 10 500 000 SEK with payment amount to 70 000 000 newly emitted shares. The board has the authority for this through the share holders meeting. In addition Eastpoint will pay turnover related fees after every 6 respective 12 months. The cost for this is a maximum of 2MSEK cash payment. The three principals hold a technical option with a two year currency, corresponding 1,0% of the present number of shares which amounts to 1 090 873 138.

Affiliator is a young technical company with its own build affiliate technology and a fast growing network of affiliates. Both founders follow Eastpoint with the acquisition and they will continue to pass knowledge within the group.