Readsoft AB

Readsoft AB (STO:RSOFB) ReadSoft has received an order from a large pharmaceutical company in the U.S. The solution from ReadSoft, which is integrated with the company's SAP system, will automate and optimize the handling of tens of thousands invoices annually. The order is worth approximately USD 265,000.

Readsoft AB (STO:RSOFB) ReadSoft has received an order worth approximately USD 550,000 from one of the world's largest manufacturers of equipment for electrical power distribution, industrial control and automation. The solution from ReadSoft will automate and optimize supplier invoice processing and will also integrate with the SAP® system that is presently being deployed at the customer. The agreement covers the processing of hundreds of thousands invoices annually throughout the company's U.S. operations.

Readsoft AB (STO:RSOFB) Rémy Cointreau Group has decided to invest in ReadSoft's invoice processing solutions for SAP® to make their invoice processing more efficient. The agreement covers the processing of approximately 70,000 invoices annually at the group's French offices. The new, automated work process will be put into production during April 2009.

Readsoft AB (STO:RSOFB) A world leading chemical company in Germany has decided to invest EUR 325,000 in ReadSoft's invoice processing solutions for SAP®. The solution from ReadSoft will automate and optimize supplier invoice processing at one of the company's European Shared Service Centers and will also integrate with the customer's SAP system. The roll-out of the solution is expected to start before the end of this year and covers the processing of almost one million invoices annually.

Readsoft AB (STO:RSOFB) Total E&P Indonesie, a subsidiary of the multinational oil and gas company Total, is investing in electronic invoice processing from ReadSoft. The agreement covers the processing of approximately 72,000 invoices annually and is the first deal that ReadSoft closes on the Indonesian market. The new, entirely automated, work process will be put into production during the fourth quarter of 2008.

Readsoft AB (STO:RSOFB) One of Sweden's and Europe's largest energy companies has chosen to invest more than EUR 220,000 in ReadSoft's CLASSIFY and INDEX solutions. Together the solutions will be used to automate the handling of over half a million documents annually. In addition to its cost-saving benefits, the investment provides the company with the ability to more effectively serve its customers.

Readsoft AB (STO:RSOFB) Focuses operations in response to weakend market * The turnover for the first nine months increased by 11% to SEK 401.8 (362.7) million * Results EBITDA for the first nine months was SEK 7.6 (4.7) million * Results per share for the first nine months were SEK -0.64 (-0.12) * The turnover for the third quarter increased by 2% to SEK 127.9 (125.9) million * Results EBITDA for the third quarter was SEK 3.8 (3.0) million * Results per share for the third quarter was SEK -0.36 (-0.14) * Cash-flow from the current business for the first nine months was SEK 52.0 (19.6) million * ReadSoft has decided to focus its development resources on three product areas and to implement a savings program to cut down costs by SEK 40-45 million. The total non-recurring costs for these actions are estimated at SEK 20 million. SEK 10.8 million will be charged to the third quarter earnings and is write-downs for activated software development costs.

Readsoft AB (STO:RSOFB) The ongoing global financial crisis makes future market predictions very difficult. Therefore ReadSoft has decided to take action and focus its development resources on three product areas; SAP, Oracle and Capture. At the same time, a savings program in order to cut down costs by SEK 40-45 million is put into action. These measures include a staff reduction of 50-60 employees. The total non-recurring costs for these actions are estimated at SEK 20 million. Approximately half will be charged to the third quarter earnings, and the rest to the fourth quarter earnings 2008.

Readsoft AB (STO:RSOFB) ReadSoft has won a major deal with one of the most recognized and successful public transportation brands in the U.K. The agreement covers the processing of approximately half a million invoices annually. The ReadSoft solution will automatically process invoices within the customer's Oracle system. The value of the agreement is EUR 390,000 and the major part of this is licenses.

Readsoft AB (STO:RSOFB) ReadSoft now releases a new, ground-breaking piece of software called REPORTER. The software gives users immediate access to statistics and reports regarding their invoice processing.