Public Companies and Communication

As you may already know, public companies enjoy a great deal of media attention, and are often the subject of rumors. This applies to XING as well. In the interest of informing shareholders, listed companies frequently disperse press releases or ad-hoc releases to share recent developments. We will continue to do this in the future as well.

We wish to inform our members that a report today circulated by dpa-afx contained major inaccuracies. There has never been a controversy within the company about the use of member information. Furthermore, as the founding spirit behind the leading European online network, Lars enjoys the absolute confidence of the Executive and Advisory Boards. Looking at the recent figures, we see that concurrent to its 5th year of successful operations, XING reported record returns in number of members, revenues and profits. We now have over 6.5 million members in over 190 countries around the world, with offices in Hamburg, Barcelona, Istanbul and Beijing.

In general, we at XING do not comment about rumors circulating in the media concerning changes to the composition of the Boards. For the record, dpa-afx has since corrected the earlier report.