SHS VIVEON AG continues to enjoy on-track growth in H1 2008

SHS VIVEON AG / Half Year ResultsRelease of a Corporate News, transmitted by DGAP - a company of EquityStoryAG.The issuer / publisher is solely responsible for the content of this announcement.----------------------------------------------------------------------o Output in continued operations up 16% to EUR 12.7 milliono   EBITDA at previous year's level of EUR 0.3 million o    Consolidated earnings significantly improved in continued operationsMartinsried, August 28, 2008 – SHS VIVEON AG, one of the leading providersof IT solutions for customer management successfully continued its on-trackgrowth in its continued operations in the first half of 2008. TheMunich-based software and consulting company increased total output by 16%from EUR 10.95 million in H1 2007 to EUR 12.66 million. The business up forsale in Spain (see ad hoc disclosure dated July 16, 2008) was reclassifiedin the six-month financial statements (IFRS) as discontinued operations,resulting in a correspondingly lower output at SHS VIVEON Group level.In its continued operations, SHS VIVEON AG recorded an EBITDA of EUR 0.35million, and thus at approximately the same level as in the previous year(EUR 0.34 million). The slightly lower EBITDA margin was primarily due tothe increased costs of hiring staff. Dirk Roesing,  SHS VIVEON AG's CEO, commented: 'Expanding our highly-qualified workforce was our clearobjective in the second quarter. We believe that the dynamic growth on theGerman market will continue, and we want to benefit from these growthopportunities in the second half of the year!'Consolidated earnings from continued operations totaled EUR -0.25 millionafter the end of the first six months of 2008 – a significant improvementcompared to H1 2007 (EUR -1.04 million). Earnings were depressed by thescheduled amortization of intangible assets in connection with theacquisitions of Systech Software GmbH and Viveon AG totaling EUR 0.54million, which were executed for the last time in fiscal year 2008. As aresult, earnings per share from continued operations totaled EUR -0.02(previous year: EUR -0.07). 'The planned sale of our Spanish business andour clear focus on the German-speaking region will provide us with thefoundations to record sustained, positive results again,' said DirkRoesing, looking to the coming fiscal year.In contrast, the discontinued operations recorded a substantial loss of EUR-12.3 million. This is due to factors including the lower output for theSpanish business, and also to the fact that SHS VIVEON AG – as alreadyannounced – has written down the goodwill for SHS Polar in the amount ofEUR 11.0 million in connection with the planned divestiture.The half year financial report 2008 of SHS VIVEON AG is available fordownload on the Investor Relations section on the company’s Websitewww.shs-viveon.com. SHS VIVEON AG is a pan-European business and IT consulting firm forcustomer management solutions, with a range of products specializing incustomer risk management. SHS VIVEON AG, based in Martinsried (by Munich),is listed in Frankfurt Stock Exchange’s Prime Standard and has a presencein four European countries with four subsidiaries and eight locations: SHSVIVEON GmbH (D), SHS VIVEON Schweiz AG (CH), SHS Polar SistemasInformáticos S.L. (E) and SHS VIVEON Iberia S.L. (E). SHS VIVEON is one ofEurope’s leading providers for customer management with around 500employees and in excess of 150 customers in 15 countries, of which 30% areincluded in Fortune 500 International. SHS VIVEON’s customers includewell-known companies from the financial services, industrial and retail andtelecommunications segments, including BayWa, BMW Financial Services,Credit Suisse, Daimler, Deutsche Telekom, Ingram Micro, RaabKarcher, o2Deutschland, Orange, SüdLeasing and Telefonica. Further information on thecompany can be found at: www.The-Customer-Management-Company.comSHS VIVEON AGWolfgang BrandTel.: +49 (0)89 - 747257-0Email: Investor.Relations@SHS-VIVEON.comcometis AGUlrich WiehleTel.: +49 (0)611 - 205855-11Email: wiehle@cometis.de27.08.2008  Financial News transmitted by DGAP---------------------------------------------------------------------- Language:     EnglishIssuer:       SHS VIVEON AG              Fraunhoferstraße 12              82152 Martinsried bei München              DeutschlandPhone:        +49 (0)89 747-257-0Fax:          +49 (0)89 747-257-10E-mail:       investor.relations@shs-viveon.comInternet:     www.shs-viveon.comISIN:         DE0005072409WKN:          507240Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr              in Berlin, Hannover, München, Hamburg, Düsseldorf, Stuttgart End of News                                     DGAP News-Service ---------------------------------------------------------------------------