pgam advanced technologies AG
pgam advanced technologies AG: Sale of US-subsidiaries
Ad hoc announcement §15 WpHG
pgam advanced technologies AG: Sale of US-subsidiaries
Ad hoc announcement processed and transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Sale of US-subsidiaries
On 17 May 2005 pgam advanced technologies AG sold, with the consent of the
preliminary administrator, its US subsidiary pgam corp., in which the
operative business in the US was concentrated, together with Professional
Vehicle Corp. a shelf company without own assets. The trademark rights of pgam
advanced technologies AG are not affected by this sale. In particular, in the
interest of pgam advanced technologies AG, pgam corp. shall be renamed to
avoid any dilution of the name pgam. The sale of the loss-making US
subsidiaries, in respect of which the auditors proposed a full write off in
the financial statements, serves not only to avoid the commencement of
insolvency proceedings against pgam corp. and Professional Vehicle Corp. but
also supports efforts for a successful continuation of pgam advanced
technologies AG.
Georgsmarienhütte, 24 May 2005
pgam advanced technologies AG
Beekebreite 18-20
49124 Georgsmarienhütte
Deutschland
ISIN: DE0005138408
WKN: 513840
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverker in Berlin-
Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart
End of ad hoc announcement (c)DGAP 24.05.2005
241918 Mai 05
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