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CHRIST WATER TECHNOLOGY AG

EANS-Adhoc: CHRIST WATER TECHNOLOGY AG
CHRIST reports preliminary figures for 2009

  ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
  distribution. The issuer is solely responsible for the content of this
  announcement.
Company Information
11.02.2010
Christ Water Technology AG ("CWT" or the "Company"; ticker symbol CWT
/ Vienna Stock Exchange) reports that, following changes in the 
composition of its Management and Supervisory Boards in late 2009, 
the Company conducted an in-depth review of its financial position as
at November 30th 2009 and December 31, 2009.  This effort included an
entity-by-entity detailed review of assets and liabilities to ensure 
that the Company´s consolidated financial position as at those dates 
fairly reflect underlying realizable values of all assets, net of 
liabilities.  The review included a thorough examination of working 
capital items, contracts in progress and long-lived assets (including
intangible assets), taking into consideration all facts known as of 
those dates.
This work has led the Company to record adjustments in the three 
month period ending December 31, 2009, which, together with results 
of operations for the fourth quarter of fiscal 2009, amount to 
EUR-31.4 million.  As a result, Shareholders´ Equity decreased from 
EUR36.9 million as at September 30, 2009 to EUR5.5 million as at 
December 31, 2009. The Company´s net debt stood at EUR22.4 million as
at December 31, 2009.
Pursuant to the terms of the voluntary takeover bid for CWT´s shares 
launched by GLV Inc. in October 2009, CWT´s shareholders have until 
February 19, 2010 to tender their shares.
end of announcement                               euro adhoc

Further inquiry note:

Christ Water Technology AG
Marc Barbeau, CA
courrier@glv.com
Phone: +1 (514) 284-2224

Branche: Biotechnology
ISIN: AT0000499157
WKN: 675399
Index: WBI, ATX Prime
Börsen: Wien / official market

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