QINO Flagship - Another Great Call: Jajah and Yahoo! Announce Strategic Partnership

BAAR, Switzerland, April 29 /PRNewswire/ --

- 97 Million Users Served by Jajah Technology. QINO Only Possibility to
Participate in Jajah

Jajah Inc., a portfolio company of
QINO Flagship AG (Reuters: QINO.BN), has been selected by Yahoo! 
(Reuters: YHOO.O) as its outsource partner for its premium voice service.

Calls made by the nearly 97 million worldwide users of Yahoo! Messenger
will now be routed over the Jajah network. In addition to telephony
infrastructure, Jajah will provide payment processing and customer care
services.

This partnership leverages Jajah's open VoIP communications platform to
support the existing Yahoo! Messenger voice offering. Through this
collaboration, Jajah provides Yahoo! Messenger users with an instant Internet
telephony network, merging the best of traditional and IP telephony.

"This strategic partnership confirms Jajah's status as the provider of
next-generation telecom infrastructure," said Daniel Marty, Chairman of QINO
Flagship AG. "Jajah is defining new global standards for VoIP communications,
satisfying not only its more than 10 million retail users, but also corporate
partners such as Yahoo!

As a result of its unique investment strategy, QINO Flagship AG is the
only publicly-listed stock that allows participation in Jajah.

About QINO Flagship AG

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

QINO Flagship's portfolio is concentrated on a select number of high-tech
investments, which currently include:

Jajah Inc. (http://www.jajah.com) - the world's most innovative global
communications company

Pankl Racing Systems AG (http://www.pankl.com) - manufacturer of engine 
and drivetrain components for global motor racing and aerospace industries

Heilig & Schubert Software AG (http://www.hs-soft.com) - developer of 
email and document archiving software

Update Software AG (http://www.update.com) - CRM software solution 
provider

This press release is purely for informational purposes and is neither an
offer to buy nor the solicitation of an offer to sell any shares of QINO
Flagship AG.

Press Contact - QINO:
    Daniel Marty
    T: +41(0)41-766-5333
    F: +41(0)41-766-5334
    E: dm@QINO.com
    I: http://www.qino.com

    Press Contact - Creatix Communications Agency:
    Neil Wilkins
    T: +43(0)688-868-3830
    E: wilkins@creatix.at