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Human Solutions looks back on a successful 2003

In spite of the sluggish state of the economy, the first quarter of 2004 shows above-average figures

Kaiserslautern, 2nd June 2004 Ė Human Solutions GmbH continued its remarkable business development in 2003, showing EBIT (earnings before interest and taxes) of 198,000 Euros, compared to last yearís figure of 16,000. Operating income rose by 10% to 6,202,000 Euros and the company achieved a more positive cash flow of 788,000 Euros in its day-to-day business operations.

"2003 was a very successful year for us from an operative standpoint. Thanks to the expansion of sales and distribution, the optimization of internal processes and consistent product and project management, we were able to show a marked improvement on the previous year's operating performance", said Dr. Andreas Seidl, Managing Director of the Human Solutions GmbH, commenting on the annual financial statement.

Consistent orientation on the demands of target markets remains a decisive factor in the company's success. Human Solutions' innovations and developments lead swiftly and dependably to marketable products and solutions.

The company's subsidiary, Human Solutions of North America, Inc. also ended the business year 2003 on a high note. Sales increased by 73 % to $1,081,000.

"Together with Europe, North America has become an important sales market for us. We succeeded in making a breakthrough, above all in the armed forces sector", said Mr. Seidl, commenting on the company's North American business development.

EBIT also improved in the USA, rising to $202,000 from last year's figure of $85,000. The business year ended with a net income of $51,000.

The figures for the first quarter of 2004 also confirm the remarkable business development of the company. In comparison to the previous year, operating income (313,000 Euros) for the first three months is up 34%, while the EBIT (353,000 Euros) is showing an increase of 150%. In addition, the company increased its sales and distribution staff by 5 new employees.

"The first quarter of 2004 was an all-time best for us", said the Managing Director.

Human Solutions GmbH

The Human Solutions GmbH is a worldwide software and system house with around 75 employees in Kaiserslautern, Germany and Detroit, USA. The company develops and sells hardware and software solutions for body scanning, ergonomics and simulation applications. Human Solutions GmbH has over 300 customers, including famous names like DaimlerChrysler, BMW, Volkswagen, Airbus Industries, the German Federal Army, Karstadt and C & A of Hamburg, windsor, van Laack and many more.

Our Performance Spectrum: Ergonomics, Simulation and Body Scanning

For the past 15 years, Human Solutions has offered solutions for the capture of the electronic measurement data and the simulation of human beings. Over 70% of all automotive manufacturers worldwide use the human model RAMSIS for the ergonomic calculation of movement sequences.

RETAILOR is a worldwide, unique data platform created to sell high quality menswear and ladies' wear through the retail trade. This innovative system links automated body measurement (using a 3D Body Scanner) with computer-supported product selection and immediate order dispatch - simply yet powerfully. Since the effort of cutting individual made-to-measure clothing no longer exists, the retail trade can offer customized clothing from renowned manufacturers at ready-made prices.

Press Contact:

Human Solutions GmbH

Alexandra Kadel

Europaallee 10

67657 Kaiserslautern

Tel. 49 (0)631-303 5600

Fax 49 (0)631-303 5700

Press Contact

Eva Fröhlich
Phone: +49 (0)631 343 593 73