KORES Central Europe Press release 18.11.2009

updated 22.12. 2009

Kores Holding Zug AG (Zug, Switzerland) has bought back the strategically important Kores trademark rights for Germany, United Kingdom and Ireland, Scandinavia as well as for some Asian and African markets from Turbon International AG.

After 54 years these Kores brands have returned to Kores Holding Zug AG, by October this year. Taking the challenge, the Kores Group has now optimal conditions to find supranational partners, new distributors and developing the brand throughout Europe, the Middle East, the Americas and Russia.

The family owned company, KORES Holding Zug, which has been founded in 1887 in Vienna, Austria, is today managed by the third generation of the family, CEO Mr. Peter Koreska. With its variety of products, in the segment of school and office supplies and hardcopy, Kores Holding Zug is the worldwide biggest private establishment in this segment.

Today the Kores group has over 900 employees worldwide and reached a turnover of 60 million euros in the year 2008.