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Advanced Medien AG

euro adhoc: Advanced Medien AG
Advanced Medien AG acquires Atlas Air Film+Media Service GmbH (E)

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
Advanced Medien AG acquires Atlas Air Film+Media Service GmbH
Munich, May 06, 2004 - The management board of Advanced Medien AG
(ISIN DE-0001262186, SIN 126218) today signed the notarized sales
agreement for the acquisition of all of the shares of the previous
Kinowelt subsidiary Atlas Air Film+Media Service GmbH, Duisburg, and
its wholly-owned US subsidiary Atlas Air Entertainment Concepts,
Inc., Los Angeles. The seller and purchaser agreed not to disclose
the purchase price. Following payment of the full purchase price,
ownership of the company will be transferred with retroactive effect
on earnings as of January 1, 2004. The purchase price is intended to
be financed through the announced capital measures of Advanced Medien
AG. Based on the successfully completed capital increase which was
initiated on April 20, 2004 and the ongoing discussions with
institutional investors, the management board expects the sales
agreement to be finalized and signed as planned.
The Atlas Air Group is one of the world's leading providers of
inflight entertainment services to airlines. Its range of services
comprises program research and selection, the purchase of airline
film licenses, consultancy for print magazines and Internet concepts,
and the provision of all kinds of information on film including
timeline management for digital content on the latest, interactive
platforms on board of aircraft.
In fiscal year 2003, the Atlas Air Group recorded sales approx. EUR
20 million. The Group has a total of 32 employees, five of which are
based in Los Angeles. Atlas Air currently serves 24 airlines.
A short profile of the Atlas Air Group is available on our website
(www.advanced-medien.de).
The management board
end of announcement        euro adhoc 06.05.2004

Further inquiry note:

Advanced Medien AG, Susanne Rehm,
089/6138050, info@advanced-medien.de

Branche: Media
ISIN: DE0001262186
WKN: 126218
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

Plus de actualités: Advanced Medien AG
Plus de actualités: Advanced Medien AG