NedSense enterprises n.v. (“NedSense”) booked a modest improvement in revenue in the third quarter of 2011 compared to the same period in 2010. Taking the USD effect into account this growth was more than 10%. In the United States a strong increase was shown compared to the same period of last year. Europe is however still sluggish, especially in the southern countries such as Italy. Operating result in the third quarter was negative, mostly reflecting the continued developments in the LOFT product suite.

In September, the AGM approved the financing agreement with the Company’s existing major shareholders and Project Holland Fonds. With this agreement, the company secured the financing to execute its buy and build strategy and to continue to invest in LOFT.

Later this year LOFT@web will go live, according to plan. LOFT-as-a-Service, which will enable customers to run the technology through a subscription- based services, will be launched as well.

NedGraphics continues to invest in new functionality as to remain its leading position in the fashion and textile market. Recently, we were able to close a considerable deal with Merinos Halı, one of the biggest emerging carpet manufacturers in Turkey, which proves again our expertise in CAD software.

In the last quarter of 2011, we will continue the deployment of our strategic growth plan. NedSense is committed to grow LOFT autonomously and through well selected acquisitions. It is focused on further developing LOFT with several important milestones for the rollout. Growth acceleration and investments in product innovation are essential to maintain the current competitive advantage and secure corporate autonomy. Through our buy & build strategy, we will gain and sustain market leadership in our chosen target markets.

About NedSense enterprises n.v. and NedGraphics
NedGraphics is a wholly owned subsidiary of NedSense enterprises n.v. Through its subsidiary, NedSense has built an impressive 30-year track record of developing and producing software solutions for the fashion and textile industry.
NedSense serves more than 3,500 customers through a global network of over 42 resellers and agents. Its 14 offices are ideally located in the world’s leading textile, fashion and production centers. To enhance and preserve its dominant market position in CAD/CAM and other solutions, NedGraphics continues to invest in highly qualified staff, market research, and product development.
Nedgraphics’ corporate philosophy and professional approach have helped create a close working relationship with the finest designers and manufacturers, by offering them solutions with the highest possible levels of functionality. The company enables its clients to improve their sales by minimizing time to market, optimizing product development flow and reducing sampling costs. Each software solution is offered in a fully integrated modular system to guarantee current and future operational performance. NedSense is listed on NYSE Euronext Amsterdam (NEDSE). You can find more information at www.nedgraphics.com en www.nedsense.com