PI Power International Limited

EANS-News: PI Power International Limited
PI Power International has executed a non-binding agreement with Meinl Bank

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Strategic management decisions

St Helier, Jersey, Channel Islands (euro adhoc) - PI Power International has executed a non-binding agreement with Meinl Bank

Jersey/Vienna, October 5, 2009 - Meinl Bank AG, AI Airports International Limited and PI Power International Limited have executed a non-binding agreement to settle their outstanding claims and litigation on 3 October 2009. The proposed terms are confidential at this stage but details will be made public if and when a definitive binding agreement is reached. All parties are working to achieve a definitive agreement as soon as practicable.

Further information on PI Power International is available at: www.powerinternational.eu

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ots Originaltext: PI Power International Limited
Im Internet recherchierbar: http://www.presseportal.ch

Further inquiry note:
Please address any inquiries to:
Investor Relations and Public Relations
Hochegger Financial Relations GmbH

Mick Stempel
T: +43 1 504 69 87-385
M: m.stempel@hochegger.com

Michaela Lipa
T: +43 1 504 69 87-341
M: m.lipa@hochegger.com

Branche: Energy
ISIN:      AT0000A05W59
Index:    other listings
Börsen:  Wien / Third Market

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