Novestra AB Decides Not to Finance Diino Systems AB

Novestra AB announced that the Company has decided not to give long-term financing to the Company's portfolio company Diino Systems AB. Diino Systems AB worked for development of a platform solution for Swisscom's online backup, storage and file-sharing software. The service Diino Systems AB developed, is finished and commissioned. Because Swisscom has changed its strategy for its product segment, the company has decided not to launch the newly developed service by Diino Systems AB and not to further invest in the company. Because of this, the Company has decided that Diino Systems AB because of its limited opportunity to develop, will not receive funding and there is a risk of Diino Systems AB's liquidation or bankruptcy.