e-m-s news media AG

euro adhoc: e-m-s new media AG
Credit line extended by EUR 5 million (E)

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Because of the prosperous business development in 2003/2004 the Dortmunder Volksbank eG, the principal banker of e-m-s new media AG (SIN 521280/ISIN DE0005212807), has granted the company an additional long-term investment loan of EUR 5 million. This loan will be used to finance new film rights. In addition the previously short-term overdraft facility of EUR 3.5 million was converted to a long-term credit line.

With the investment loan, the own cash-flow and the two recently executed capital increases e-m-s will not only be in the position to realize the forecasted business volume in 2004, but also to set now the course for further growth in 2005. The e-m-s expects sales revenues in the division Home Entertainment of EUR 19 million for 2004 and EUR 25 million for 2005. Having already realized sales in the division Home-Entertainment of EUR 1.53 million (previous year: EUR 0.82 million) in January 2004, the company continued to increase its sales and realized a record in sales amounting to EUR 1.72 million (previous year: EUR 1.33 million) in February 2004.

end of announcement            euro adhoc 24.03.2004
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Further inquiry note: Sonja Norden Tel.: +49 (0) 231 9455 333 E-Mail: s.norden@ems-newmedia.com

Branche: Media
ISIN:      DE0005212807
WKN:        521280
Index:    CDAX, Classic All Share, Prime All Share, Prime Standard
Börsen:  Frankfurter Wertpapierbörse / regulated dealing
              Niedersächsische Börse zu Hannover / free trade
              Berliner Wertpapierbörse / free trade
              Bayerische Börse / free trade
              Hamburger Wertpapierbörse / free trade
              Bremer Wertpapierbörse (BWB) / free trade
              Börse Düsseldorf / free trade
              Baden-Württembergische Wertpapierbörse / free trade



Weitere Meldungen: e-m-s news media AG

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