Eurobike AG
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EUROBIKE AG – Insolvency Proceedings Initiated Ad-hoc-announcement processed and transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Insolvency Proceedings Initiated Düsseldorf, October 02, 2003 – the Düsseldorf Local Court today initiated insolvency proceedings against the assets of the operating subsidiaries of EUROBIKE AG, Düsseldorf (ISIN DE 000 570 66 00, DE 000 540 8843). The subsidiaries thereby affected are Hein Gericke-Holding GmbH, Hein Gericke Vertriebs GmbH and Paul A. Boy GmbH. The preliminary insolvency administrator, Dr. Biner Bähr, has been appointed as insolvency administrator. The business operations will continue. The insolvency administrator negotiated with several investors. The company therefore assumes that the business operations will soon be taken over by a well funded investor. The process of preliminary insolvency administration for EUROBIKE AG has not yet been completed. Contact: EUROBIKE AG Camilla Löwenberg Reisholzer Werfstr. 76 40589 Düsseldorf Tel. +49 (0) 211 9898 774 end of ad-hoc-announcement (c)DGAP 02.10.2003 ——————————————————————————– WKN: 570660; ISIN: DE0005706600; Index: Listed: Amtlicher Markt in Düsseldorf und Frankfurt (Prime Standard); Freiverkehr in Berlin-Bremen, Hamburg, München und Stuttgart 021548 Okt 03