ADS System AG
ADS System AG english
ADS Board evaluates potential insolvency
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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ADS Board evaluates potential insolvency
Investor talks started
Bad Homburg, June 18th 2002.
After the negotiations with the banks of ADS System AG about additional
financing for the turnaround plan of the company led to non expected and non-
satisfactory results, the board is re-evaluation the future financial situation
with a focus on potential insolvency.
The Company in now looking for an investor to finance the turn-around.
Alternatively ADS is working on a solution to be taken over by an international
Group within the networking sector as a strategic option.
—
Investor Relations, Steinmuehlstr. 26, 61352 Bad Homburg, Fon +49-6172-288-280
Fax +49-6172-288-405, e-Mail ir@ads.de, Internet: http://www.ads.de
end of ad-hoc-announcement (c)DGAP 18.06.2002
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WKN: 514780; ISIN: DE0005147805; Index:
Listed: Neuer Markt in Frankfurt;
Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, München, Hannover und
Stuttgart
181827 Jun 02
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