EMTS Technologie AG
EMTS Technologie AG english
EMTS Technologie AG
Ad-hoc-announcement processed and transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Salzburg, February 1st, 2003
EMTS: KPMG audits business practises. Reduction of co-operation with Nokia.
No LoI of ElcoteQ. Resumption of Trading.
Audit
As resolved by its management board and in accordance with its supervisory board
EMTS Technologie AG (“EMTS”) instructed KPMG Alpen-Treuhand GmbH
Wirtschaftsprüfungs- und Steuerberatungsgesellschaft as non-affiliated and
independent auditor with the auditing of turnover/earnings and business
practises of EMTS in accordance with its auditor Deloitte & Touche. Results are
expected in the course of February 2003. EMTS will inform about substantial
intermediary results.
Nokia
Nokia, the most important client of EMTS, has informed the management of EMTS of
its intention to reduce its co-operation with EMTS considerably. Regarding 5 out
of 11 country organisations of EMTS the volume of turnover has already been
reduced considerably and some of the existing co-operation agreements have been
terminated by Nokia. For this reason subsidiaries of EMTS in France, the
Netherlands and partly in Sweden will presumably terminate their activities.
The management of EMTS is currently trying in further negotiations with Nokia to
achieve continuation ofthe co-operation with Nokia with regards to important
country organisations of EMTS.
No LoI of ElcoteQ
Opposed to rumours EMTS has not been provided with a Letter of Intent by
ElcoteQ.
Resumption of Trading
Trading with shares in EMTS at the SWX Swiss Exchange will resume on Monday,
03 February 2003, at 9.00 a.m..
Investor Relations: E-mail: investor.relations@emtscenter.com
Tel.: +43-662-623 391-0
Company Speaker: Karin Keglevich
E-mail: keglevich@spa.co.at
Tel.: +43-1-532 25 45-10
end of ad-hoc-announcement (c)DGAP 03.02.2003
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WKN: 616516; ISIN: AT0000926266; Index: SWX New Market
Listed: Swiss Exchange; Freiverkehr in Berlin, Frankfurt und München
030754 Feb 03
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