TV-Loonland AG

EANS-Adhoc: TV-Loonland AG
Ad-hoc-Release in accordance with § 15 WpHG: TV-Loonland AG files for insolvency

-------------------------------------------------------------------------------- ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- 09.12.2009 9. December 2009 Munich insolvency court decided that TV-Loonland AG has to go under preliminary administration and mandated Attorney at law Dr. Ott as preliminary administrator. Due to the fact that the company´s shareholders repeatedly refused approval of a share consolidation on 19th November 2008 and 26th November 2009, TV-Loonland was not able to raise cash through an equity injection. Therefore the company cannot clear all debts on the respective due dates. Effective today, TV-Loonland appoints Dr. Michael Briem as its new CEO. At the same time, Dr. Briem quits the company´s supervisory board. The CEO strongly believes that the value of the company´s assets exceed all open debts and is working closely with the preliminary administrator in order to further maximise the value of these assets. end of announcement euro adhoc -------------------------------------------------------------------------------- ots Originaltext: TV-Loonland AG Im Internet recherchierbar: http://www.presseportal.ch Further inquiry note: TV-Loonland AG Tel.: +49(0) 89205080 E-Mail: info@loonland.com Branche: Media ISIN: DE0005348403 WKN: 534840 Index: Prime All Share Börsen: Frankfurt / regulated dealing/prime standard Berlin / free trade Stuttgart / free trade Düsseldorf / free trade München / free trade

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