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Abonner JoWooD Productions Software AG

JoWooD Productions Software AG

euro adhoc: JoWooD Productions Software AG
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Organizational change at JoWooD

Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
• JoWooD announces resignations of the entire board of the
supervisory board
• Extraordinary shareholders` meeting to reinstate new board of
directors will be scheduled immediately
• New board of directors should bring experience in international
distribution and media-industry to implement a step forward in
internationalisation and distribution in the interest of all
shareholders
• The members of the management board see a significant support by
the shareholders in their chosen path
The JoWooD Productions Software AG a publicly listed company at the
Vienna Stock Exchange announced the resignation of all members of the
supervisory board after Dr. Michael Drexel, member of the board,
declared his resignation already last Monday.
The announcement of the resignations reached the company yesterday
afternoon after the closing of the stock market.
Any previous press reports or interviews are stand alone statements
by the members of the board, which did not originate from the company
nor were they given in its accordance. On the contrary to these
medial descriptions, the company is good on terms with all the
stockholders.
Despite the successful restructuring campaign  the efforts of
internationalisation and distribution did not lead to the desired
results. The new supervisory board  should bring experience in
internationalisation and media-industry.
Existing deficits in sales have to be removed fast to benefit from
the excellent game-pipeline in 2005. The game-portfolio will be a
well balanced mix of PC- and Console-based titles including
outstanding brands (Gothic, Spellforce, Stargate etc.). 
JoWooD successfully entered the console-market with its own products
mid of this year.
The new supervisory board will be nominated within an extraordinary
shareholders´ meeting. Details will be announced shortly in the
Wiener Zeitung and in separate public announcements. The
extraordinary shareholders´ meeting is expected to be held in the mid
of January.
The shareholders are invited to propose corresponding suggestions for
nominees.
In the company’s point of view  the changes in the board of members
are an important step for the further strategic positioning for
JoWooD.
Further informations:
Dr. Michael Pistauer
E-mail:  investor@jowood.com
Tel.: +43 3614 2966 1022
Fax: +43 3614 2966 1023
www.jowood.com
end of announcement                    euro adhoc 17.12.2004 13:32:32 

Further inquiry note:

JoWooD Productions Software AG
Dr. Michael Pistauer, Vorstand.
Mag. Oliver Ruetz, Investor Relations
Tel.: +43 (0)3614 2966 1016
mailo:investor@jowood.com
http://www.jowood.com

Branche: Software
ISIN: AT0000747357
WKN: 074735
Index: WBI, ATX Prime, ViDX
Börsen: Berliner Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade
Frankfurter Wertpapierbörse / free trade
Bayerische Börse / free trade
Wiener Börse AG / official dealing

Plus de actualités: JoWooD Productions Software AG
Plus de actualités: JoWooD Productions Software AG