Jung von Matt, the Hamburg-headquartered advertising agency, is to launch a new internet division to handle online work for existing and new clients.

The shop, which last year posted gross income of some $14.6 million and billings of $97m, says it plans to invest $1.9m in the new venture, headed by Ingo Eck. An increase in gross income of between 15%-20% is predicted for the current fiscal.

News source: Advertising Age - International Daily