Kinowelt Medien AG
Kinowelt Medien AG correction
Kinowelt Medien AG: Correction of Fridays – 30.11.2001 – adhoc-release
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Kinowelt Medien AG: Correction of Friday’s (30.11.2001) adhoc-release
Munich, 3.12.2001: Last Thursday the German branch of the Dutch bank, ABN AMRO
Bank NV, filed an application at the Munich courts for the opening of Insolvency
proceedings against the assets of Kinowelt Medien AG. Up to today Kinowelt has
still not heard anything from the courts. Neither has there been any word from
an interim receiver. Kinowelt’s management will take all conceivable measures to
preserve the company in the interests of its shareholders, the various banks
and its employees. Furthermore, Kinowelt wishes to make it clear that no other
creditor bank has so far foreclosed.
end of ad-hoc-announcement (c)DGAP 03.12.2001
Issuer’s information/explanatory remarks concerning this ad-hoc-announcement:
Supplementary statement
“In view of the difficult economic times we are particularly concerned for all
our employees and their families”, stresses Dr Michael Kölmel, CEO of Kinowelt
Medien AG. Kinowelt currently employs approximately 700 people in several
cities throughout Germany, and almost 300 jobs already had to be terminated in
the wake of the restructuring measures. “Over the last 17 years our employees
have built Kinowelt into a media concern in which the promotion of German and
European film figures very large. More than half the 57 titles released in
German cinemas in the year 2000 were films of a high artistic quality”, says
Kölmel. For example, at the European Film Festival in Berlin, which this
last Saturday saw the award of the European film prizes, two Kinowelt films –
alaska.de – and – Italian For Beginners – were nominated. Ín addition,
Kinowelt’s own production, the family entertainment movie – Das Sams -, has so
far attracted over 1.4 million people into Germany’s cinemas.
Enquiries:
Kinowelt PR und IR
phone: ++49-89-30796-7275
fax: ++49-89-30796-7330
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WKN: 628590; ISIN: DE0006285901; Index:
Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, Hannover, München, Stuttgart
030901 Dez 01
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