Advanced Medien AG

euro adhoc: Advanced Medien AG
Disclosure of loss pursuant to § 92 German Stock Corporation Act (E)

--------------------------------------------------------------------- Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. --------------------------------------------------------------------- Munich, Germany, March 19, 2003 - In connection with the preparation of its financial statements for fiscal year 2002, Advanced Medien AG, after due assessment of the circumstances, reached the conclusion that the company incurred a loss amounting to at least half of the capital stock of Advanced Medien AG. The loss incurred by Advanced Medien AG is primarily due to the valuation allowance for loans to its subsidiary Advanced Licencing North America, Inc., write-offs on the participation value of TSC Technische Systeme Consult GmbH and an impairment loss on film assets. The management board will convene the annual general meeting pursuant to § 92, para. 1 German Stock Corporation Act and report on the current situation of the company. The management board end of announcement euro adhoc 19.03.2003 --------------------------------------------------------------------- Further inquiry note: Susanne Rehm Tel.: +49(0) 896138050 Email: Branche: Media ISIN: DE0005093009 WKN: 509300 Index: Nemax All Share Börsen: Frankfurter Wertpapierbörse / Neuer Markt Baden-Württembergische Wertpapierbörse / free trade Bayerische Börse / free trade Berliner Wertpapierbörse / free trade Börse Düsseldorf / free trade Niedersächsische Börse zu Hannover / free trade

Das könnte Sie auch interessieren: