Stockholm IT Ventures AB: STOCKHOLM IT VENTURES AB APPOINTS WAYNE LOCHNER AS GROUP CHAIRMAN

Nacka Strand (pta017/07.06.2017/11:15 UTC+2) STOCKHOLM IT VENTURES AB APPOINTS WAYNE LOCHNER AS GROUP CHAIRMAN

Nacka Strand, Sweden; June 7, 2017; Stockholm IT Ventures AB has appointed Wayne Lochner as Group Chairman. Mr Lochner began his career in Asia as a financial broker for United News and Media before being appointed as CEO for the Middle East and Asia and Australia regions. After 20 years living and working in Asia, he returned to the UK and founded Affinity Internet Holdings Ltd. ("Affinity") in 1995 with the aim of establishing a company that specialised in the provision of branded fixed mobile and internet services through a revolutionary 'White Label' concept. This led to the establishment of strategic partnerships with Cisco, Cable and Wireless, Fujitsu, Vodafone and BT, and through this concept, Affinity became one of the fastest growing listed companies in the UK, with the share price rising from seventy pence to over eighty pounds sterling in nine months under his guidance. In June 2000 Mr Lochner won the Ernst & Young award for 'London's E-Business Entrepreneur of the Year' and in 2001 he was selected as a finalist at the Alternative Investment Market (AIM) Awards in the 'Entrepreneur of the Year' category. Following a number of entrepreneurial ventures he co-founded Fantrac Global Ltd. which has been recently acquired by Stockholm IT Ventures AB.

Stockholm IT Ventures AB

Stockholm IT Ventures AB heads a technology group currently operating throughout Europe, focussed on the monetisation of e-platforms, social media and e-merchandising. Within the group, Pimboo is based in Estonia and the Ukraine and utilises the skills of some of the most highly experienced e-commerce specialists in Europe to allow users to both create and monetise their e-platforms around the globe. Fantrac Global Ltd. is the social media division that allows any celebrity, team or franchise from the world of entertainment, music and sport to monetise their existing social media following. It does this through tailored relationships with major brands like Mastercard, Amazon and Dentsu Aegis Corporation and by creating new and unique ways for each celebrity to interact with their fans.

This release contains forward-looking statements based on current experience, estimates and projections of the management board and currently available information. They are not guarantees of future performance. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. Many factors could cause the actual results, performance or achievements of Stockholm IT Ventures AB to be materially different from those that may be expressed or implied by such statements. These factors include those discussed in Stockholm IT Ventures AB's public reports. Forward-looking statements therefore speak only as of the date they are made. Stockholm IT Ventures AB does not assume any obligation to update the forward-looking statements contained in this release or to conform them to future events or developments.

For further information, please contact:

Stockholm IT Ventures AB
Vikdalsgränd 10A
S- 131 27 Nacka Strand
Sweden

Wayne Lochner

Email: wayne@myfantrac.com
Tel.: +44 207 148 6214
Cell: +44 7956173408

or

Edward Pfeiffenberger
Mathias Schmid

Concord Capital AG
Münchener Strasse 10
60329 Frankfurt am Main
Deutschland

Tel: +49 69 27138790
Email: info@concordcapital.de

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