QINO Flagship AG - QINO Flagship Racing Ahead: Pankl acquires Northbridge Motorsport

BAAR, SWITZERLAND, 17 April 2008 - Pankl Racing Systems AG (Reuters: PARS.VI), a portfolio aggregation of QINO Flagship AG (Reuters: QINO.BN), announces the cardinal accretion of Northbridge Motorsport.

Pankl Racing Systems (“Pankl”) has acquired 100% of UK-based specialist bolts architect Northbridge Motorsport, suppliers to motor sports such as F1 and WRC, in a accord account EUR 2m.

Pankl is a all-around alcove amateur and technology baton in the development and assembly of engine and drivetrain apparatus to the motor antagonism and aerospace industries. Pankl employs added than 800 humans at locations in Austria, UK, USA, Slovakia and Japan. Its supersports cars barter cover Bugatti, Ferrari and Porsche.

QINO Flagship has taken a hands-on role in the acknowledged restructuring and development of Pankl back aboriginal advance in 2004. This charge is reflected in Pankl’s results: for year catastrophe September 2007, Pankl accomplished almanac revenues and EBIT of EUR 100.1m and EUR 10.1m respectively.

QINO Flagship administrator Daniel Marty commented, “This takeover represents addition analytic footfall in Pankl’s motor action advance strategy, deepening its position as a complete systems supplier.

“Pankl’s added business areas are aswell developing successfully. With a solid antithesis area and advantageous adjustment books, Pankl is able-bodied financed for amoebic advance and added acute commutual acquisitions, accouterment connected absolution of QINO Flagship’s different investment strategy.”

QINO Flagship AG
Daniel Marty
T: +41 (0) 41 766 5333
F: +41 (0) 41 766 5334
E: dm@QINO.com
I: www.qino.com

Creatix Communication Agency
Neil Wilkins
Tel +43 (0)688 8683830
wilkins@creatix.at

QINO Flagship AG is a Swiss investment company, founded in 2000 and based in Baar, Switzerland. Its shares are clearly quoted on the BX Berne eXchange and are aswell traded on the OTC markets of the Vienna, Berlin, Frankfurt, Munich and Stuttgart banal exchanges.

Current investments include:
Jajah Inc. (www.jajah.com) - avant-garde of Web-activated telephony
Pankl Racing Systems AG (www.pankl.com) - architect of engine and drivetrain apparatus for all-around motor antagonism and aerospace industries
Heilig & Schubert Software AG (www.hs-soft.com) - developer of email and book archiving software
Update Software AG (www.update.com) - CRM software band-aid provider

QINO Flagship’s portfolio is concentrated on a actual baddest amount of agitative investments; consistent allotment tend not to associate with ample bazaar indices and may accordingly not be acceptable for all investors.