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e-m-s news media AG

euro adhoc: e-m-s new media AG
e-m-s new media AG and Baader Wertpapierhandelsbank AG reach settlement (E)

Disclosure announcement transmitted by euro adhoc. The issuer is
responsible for the content of this announcement.
e-m-s new media AG (WKN 521280 / ISIN DE0005212807), the specialist 
for  Home-Entertainment, has reached settlement with Baader
Wertpapierhandelsbank AG, that disengages e-m-s from assuming the
amount of 1.33 million shares of Advanced Medien at the issue price
of EUR 3 per share. Baader will receive a payment at the amount of
1.2 million EURO. This amount will be due for payment in instalments
from on December 2003. Thus, the liquidity of e-m-s will not be
largely affected in the current year.
The settlement could also be realized as the CEO of e-m-s new media
AG, Werner Wirsing-Lüke, has resigned irrevocably from debts towards
the company amounting to EURO 1,917,701.47.
The agreement will have an positive impact on the operating profit.
As accruals for purchase obligations of 3.83 million EURO have
already been set up in previous years, e-m-s can book extraordinary
proceeds of approx. 2.6 million EURO. The accruals can be reversed
mostly now.
For the fiscal year 2003 the e-m-s management anticipates a 60
percent increase of the comparable turnover adding up to 12 million
EURO as well as a positive EBIT. This forecast does not include the
release of provisions.
end of announcement        euro adhoc 16.04.2003

Further inquiry note:

Sonja Norden Tel.: +49 (0) 231 9455 333 E-Mail:

Branche: Media
ISIN: DE0005212807
WKN: 521280
Index: Nemax All Share
Börsen: Frankfurter Wertpapierbörse / Neuer Markt
Baden-Württembergische Wertpapierbörse / free trade
Bayerische Börse / free trade
Berliner Wertpapierbörse / free trade
Bremer Wertpapierbörse (BWB) / free trade
Börse Düsseldorf / free trade
Hamburger Wertpapierbörse / free trade
Niedersächsische Börse zu Hannover / free trade

Plus de actualités: e-m-s news media AG
Plus de actualités: e-m-s news media AG