Option NV announced that it is shipping AT&T Inc.'s first ever mobile broadband USB-modem with integrated GPS. The AT&T USBConnect Velocity is the premier mobile broadband USB modem offered by AT&T today, offering mobile users 3 great features in one device: built-in GPS, microSD storage up to 32GB and mobile broadband access on the AT&T 3G network. The built-in aGPS features open the door to location-based applications like MicrosoftTM Streets & Trips and Google Earth. The AT&T USBConnect Velocity lets connect to the nation's fastest 3G network spanning more than 320 major US cities at 3G speeds while easily switching to AT&T more than 20.000 Wi-Fi hotspots when needed with qualified DataConnect plan and Wi-Fi enabled laptop. Going overseas poses no problems either as Velocity offers global compatibility with quad band 3G and 2G support.

Option NV reported earnings results for the fourth quarter and full year ended December 31, 2009. Total revenues for the fourth quarter of 2009 were EUR 19.4 million compared with EUR 70.2 million realized in the fourth quarter of 2008. Revenues for the quarter were originally in line with expectations above EUR 20 million, however in January, one customer that had purchased EUR 913k of goods in the quarter ran into financial difficulty and the decision was made to accept the units back into inventory rather than risk non-payment. These revenues had to be removed from the final result. The company reported the quarterly negative EBIT amounted to EUR 27.2 million compared negative EBIT of EUR 19 million during the corresponding period in 2008. Net loss for the fourth quarter of fiscal year 2009 amounted to EUR 27.9 million or EUR 0.66 loss per basic share. This compares with a net loss of EUR 13.3 million, or EUR 0.32 loss per basic share in the fourth quarter of 2008. Total revenues for the full year 2009 were EUR 147.1 million, a decrease of 45.1% compared with EUR 268.1 million revenues realized during the comparable period in 2008. The company reported its negative EBIT decreased to EUR 54.4 million or 36.9% on total revenues during the full year 2009, including the year to date restructuring charge of EUR 9.3 million, compared with and negative EBIT of EUR 29.3 million in 2008. The company reported its net loss decreased to EUR 53.7 million, or EUR 1.27 loss per basic share. This compares with a net loss of EUR 19 million, or EUR 0.46 loss per basic share in 2008. The 2009 net result was positively impacted by taxes of EUR 7.3 million and negatively impacted by a finance result of EUR 6.7 million.

Option NV, Annual General Meeting, Apr 30, 2010, at 10:00 CET-Central European.

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