Effnet Group AB reduce the staff

10/4/2002 7:00 AM EST

The management and board of Effnet Group AB have in line with the
previously communicated program of cost reduction, decided to reduce the
staff by 15 people.

This will be implemented during the fourth quarter.

About Effnet
Effnet develops and sells embedded software that increases the
efficiency, speed and security of IP traffic on fixed and mobile
networks to manufacturers of network products. Effnet techniques enable
optimal performance for IP packet processing. The company was founded by
leading researchers in the Header Compression field and has operations
in Stockholm, Sweden and Tucson, Arizona. Effnet Group AB is quoted on
the New Market in Sweden (symbol: EFFN). More information can be found
at www.effnet.com.

For further information please contact:
Göran E. Larsson, CEO Effnet Group AB
Tel: +46 8 564 605 50
Mobile: +46 705 65 68 69


Johan Ericsson, CEO Factum Electronics AB
Tel: +46 13 36 86 15
Mobile: +46 708 60 48 71