Anoto Group AB negotiates unpaid debt with Livescribe

1/7/2009 10:34 AM EST

Lund, 7 January 2009 – At the beginning of 2007 Anoto phased out its operations in the US,”Content and Applications”, by transferring the business unit to Livescribe Inc. This agreement included amongst other things that the buyer was to pay 2,5 MUSD by the end of 2008.

As a result of the delayed launch of Livescribe’s “Pulse-pen” and difficulties with a new share issue at the end of 2008, Livescribe has asked for a respite for payment. Negotiations have started and a settlement is expected within a few weeks.



For more information:

Anders Norling, CEO
Anoto Group AB
+46 733 45 14 98

Anoto Group AB may be required to disclose the information provided herein pursuant to the Securities Markets Act. The information was submitted for publication at 16.30 on January 7th, 2009.