MIM MONDO IGEL MEDIA AG

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MIM MONDO IGEL MEDIA Reaches Positive EBITDA, Eightfold Revenue Increase

---------------------------------------------------------------------   Disclosure announcement transmitted by euro adhoc.   The issuer is responsible for the content of this announcement. ---------------------------------------------------------------------

11.03.2005

The Supervisory Board approved on Wednesday, 09 March 2005, the audited annual results presented by the Board of Management. MIM reduced operating costs by about 45% to EUR 699k (2003: EUR 1,254k) at the same time it increased revenues eightfold to EUR 3,461k (2003: EUR 387k). The EBITDA was decidedly positive with EUR 193k (2003: EUR -961k). After depreciation on the library of EUR 802k, the net loss for the year was reduced 92% to EUR 610k (2003: EUR 7,967k).

"Our development this year sends a convincing signal about MIM’s future," says Ricky Corradi, CEO. "We are very happy about our accomplishments, and the next step for us will be to show that we have indeed found the right path for MIM as a German distributor and co-producer."

end of announcement                                euro adhoc 11.03.2005 14:37:34
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Further inquiry note: Jedidiah Harris General Manager Telefon: +49(0)40 306896 10 E-Mail: jharris@mim.ag

Branche: Media
ISIN:      DE000A0BVUP8
WKN:        A0BVUP
Index:    
Börsen:  Hamburger Wertpapierbörse / regulated dealing
              Berliner Wertpapierbörse / free trade
              Baden-Württembergische Wertpapierbörse / free trade
              Frankfurter Wertpapierbörse / free trade
              Börse Düsseldorf / free trade
              Bayerische Börse / free trade
              Bremer Wertpapierbörse (BWB) / free trade



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