2010-02-22

Transferator acquires 20% of the Swedish earphone producer Jays AB

Transferator AB (publ) invests in the Swedish earphone producer Jays AB. This investment, followed at Jays by new directed share issue offered both to the existing shareholders of Transferator AB and the public, will gain capital to fund the further development of continued international launch of Jays product line.

Transferator AB, a Swedish investment company, has acquired 20% of the outstanding shares in Jays AB from venture capital fund Creandum. Jays AB is now with a broaden shareholder base facing a new share issue prior to a stock market listing of the Jays shares. Prior the new share issue Transferator will own 20%, Creandum 20% and Transferators shareholders, through a share distribution, app. 27% of Jays AB. The rest part of Jays AB is owned mostly by personnel and management. More details such as record day, conditions etc. regarding the share distribution in Jays AB offered to Transferators shareholders are to be announced shortly by Transferator AB.

-Jays has not only built a strong brand in only three years but also gained trust of both critics and consumers with its products and achieved international recognition. We are impressed that Jays, applying pure Nordic design, smart technical choice and high quality could rapidly manage to take an international position, comments Jakob Johansson, CEO Transferator.

-We are in a phase of high expansion. Jays´ products are sold today in 20 countries and we are about to launch a strong and broad product line and expand even further internationally. This venture will contribute to a strong alliance between Transferator and Jays in just the right time, says Rune Torbjörnsen, CEO Jays AB.

For more information, please contact:

Rune Torbjörnsen, CEO Jays AB
Cell: +46 (0) 733 730 770
E-mail: rune.torbjornsen@jays.se

Jakob Johansson, CEO Transferator AB (publ)
Cell: +46 (0) 735 060707
E-mail: jakob.johansson@transferator.com