Luterma
Submission of bankruptcy petition
Luterma / Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- AS Luterma subsidiary AS Via Concept submitted bankruptcy petition to Harju County Court on 24th March 2009. AS Via Concept will request with the bankruptcy petition the initiation of bankruptcy proceedings and declaration of bankruptcy due to permanent insolvency. Main causes for insolvency according to AS Via Concept management are general economic downturn of advertising market in 2008 and impossibility to involve additional finances from credit institutions. The initiation of bankruptcy proceedings will be decided by Harju County Court during 10 days starting from submission of bankruptcy petition. Allan Viirma Head of Legal Services Tel 688 6600 News Source: NASDAQ OMX 24.03.2009 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: Luterma Estonia Phone: Fax: E-mail: Internet: ISIN: EE3100002460 WKN: End of News DGAP News-Service ---------------------------------------------------------------------------
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