euro adhoc: AvW INVEST AG
Successful sale of holdings (E)
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
AvW Invest AG has sold around 1% of its holdings in ADM Tronics Unlimited Inc. and now holds approximately 0.2% of this US company which is engaged in the biomedical industry and has its headquarters in New York. Wolfgang Auer von Welsbach, Chairman of the AvW Board of Management: "Our profit from this sale comes to around USD 120,000.00. Over the next year, we will also sell our remaining shares in ADM Tronics." AvW evaluates all small caps and will only keep investments if they belong to AvW’s strategic core business of financial services or fulfil other strategic objectives in connection with the company’s investment business. As from the present date, AvW will communicate all sales of holdings which yield profits in the range of EUR 100,000.00 on a broad level. Auer von Welsbach, Chairman of the AvW Board of Management: "Our company stands for open, direct communication, which will be further increased over the next few weeks."
AvW’s ordinary shares (AVWI.VI) are listed on the ATX Prime Market of the Vienna Stock Exchange; AvW’s preference shares (AVWI_p.VI) are listed on the Auctions Market.
All current information is published at www.avw.at.
On November 16 of this year, AvW Invest AG will present its results for the third quarter.
end of announcement euro adhoc 21.09.2004
Further inquiry note:
AvW INVEST AG
Mag. Alexandra Anthofer
http://www.avw.at
Branche: Financial & Business Services
ISIN: AT0000930409
WKN: 093040
Index: Prime.market
Börsen: Wiener Börse AG / official dealing
Baden-Württembergische Wertpapierbörse / free trade
Frankfurter Wertpapierbörse / free trade