Advanced Medien AG

euro adhoc: Advanced Medien AG
Advanced Medien AG wins exclusive undertaking in bidding procedure (E)

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

Munich, March 04, 2004 - Advanced Medien AG (ISIN DE-0001262186, SIN 126218) today announced that it has won the bidding procedure for the purchase of a company operating in the film licensing business. In the bidding, Advanced Medien beat out competition from the US and Great Britain. The ensuing contract negotiations will be held exclusively between Advanced Medien AG and the bank handling the sale. Execution of the contract is scheduled for late March. All parties agreed not to disclose the identity of the company that is up for sale before all negotiations have been successfully completed.

The company that is up for sale is domiciled in Germany and has a US subsidiary. Revenues in fiscal 2003 were approximately EUR 20 million. The company is engaged in a niche sector of the national and international film licensing business and has a total of 30 employees. After the conclusion of all negotiations, the chief executive officer of the company is supposed to be appointed to the management board of Advanced Medien AG. The company's main business field will become the core business field of Advanced Medien AG. Post-merger plans call for further expansion to solidify and develop the market position in this niche sector.

Advanced Medien AG The management board

end of announcement            euro adhoc 04.03.2004

Further inquiry note: Advanced Medien AG, Susanne Rehm,

Branche: Media
ISIN:      DE0001262186
WKN:        1260218
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
              Börse Düsseldorf / free trade
              Baden-Württembergische Wertpapierbörse / free trade

Weitere Meldungen: Advanced Medien AG

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