TrustBuddy International (TBDY)

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TrustBuddy experience a significant increase during the second quarter Guiding TrustBuddy International AB
09:00


TrustBuddy International AB
Company Announcement

TrustBuddy experience a significant increase during the second quarter
Guiding TrustBuddy International AB

Stockholm, 2012-06-26 09:00 CEST (GLOBE NEWSWIRE) -- TrustBuddy continue to
grow and has during the second quarter had a significant increase of both
turnover and loans.

TrustBuddy has delivered over budget with 5, 10 and 11 percent during the first
three months of 2012. During the second quarter the company continues to have a
strong growth and delivers over budget with 11 percent for April and 19 percent
for May.

Overall the company has more than doubled its turnover and the loan amount
being lent out during the second quarter compared to the first quarter 2012.
TrustBuddy has managed to keep its cost structure stable during the strong
growth of the beginning of 2012.

Based on the past six months the trend shows that the growth can be expected to
continue, which helps to support the company to reach the growth targets set up
for the rest of the year and into the coming year.

TrustBuddy AB delivered a result of SEK 1.100.000,- during the first quarter.
We expect to provide at least the same result during the second quarter and
maintain our guidance to pass 200 million in loans at the end of 2012
delivering the expected result of a minimum of SEK10 million and a turnover of
SEK 30 million.

The central part of the companys organizational development focuses on
achieving a high degree of atomization to be able to handle large quantities
without increasing the costs considerably. Therefore the turnover is assumed to
continue to rise while the cost is expected to be able to be kept at a stable
level.

TrustBuddy has taken a strong market position in Norway and Sweden and has a
rising growth of both lenders and borrowers in all operative markets.



For additional information, please contact:

Jens Glasø, CEO, TrustBuddy International AB (publ)

[phone], [e-mail]



http://trustbuddy.com/

http://trustbuddyinternational.com/



About TrustBuddy International AB (publ)

TrustBuddy International AB (publ) is one of the first in the world to focus on
arranging loans

and capital provision between buddies in Scandinavia in an organised manner.
The company is listed at

NASDAQ OMX First North in Stockholm. Mangold Fondkommission AB is TrustBuddy

International AB (publ):s Certified Adviser and market m