Nextrom announces its third quarter order intake and sales

During the third quarter of 2005 the net order intake amounted to CHF 7.1 million (2004: 5.0 million) and sales to CHF 2.9 million (2004: 9.9 million).

On a cumulative basis, the net order intake for the first nine months amounted to CHF 11.1 million (2004: 17.0 million) and sales to CHF 16.1 million (2004: 17.8 million). The order backlog at the end of September was of CHF 7.1 million (end of September 2004 also CHF 7.9 million).

Nextrom presented a restructuring plan on October 3, 2005 and informed that the implementation of the restructuring is delayed due to a court order. Nextrom expects said order to be lifted and to be in a position to proceed with the restructuring within the next few days.

For further information please contact:

Mr. Lorenzo Schmid, Chairman of the Board
Phone +41 41 368 98 38
lorenzo.schmid@mindsetholding.ch

About MINDSET HOLDING AG:

MINDSET HOLDING AG is the listed entity of mindset ag

mindset is a new type of automobile that sets itself apart – both technically and aesthetically – from conventional automotive concepts. Mindset is the first European electric vehicle that was designed fundamentally for everyday use. It stands out for its high level of energy efficiency. The development and marketing of the zero-local-emission-vehicle mindset constitutes the core activity of the company.

The market for a reliable, zero-emission-vehicle based on proven technology has been long documented and is being supported at government level. The pent-up demand from the public for a “politically-correct car” is enormous.

To change your user profile or to unsubscribe from our mailing list, please send an email to investor@mindsetholding.ch. For more information about MINDSET HOLDING AG and further press releases, please visit our website www.mindsetholding.ch. For more information about mindset ag, please visit our website www.mindset.ch.

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