Swing! Entertainment Media AG
Swing! Entertainment english
Product postponements at SWING! AG
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Product postponements at SWING! AG
Kaarst, 02 May 2002 – At the present time SWING! Entertainment Media AG assumes
that some of its new products scheduled for release in the current fiscal year
cannot be finished in time.
Due to delays with sub-contractors involved in the development and production of
these products, the release dates and consequently the turnover generated from
these products will be postponed to the first quarter of fiscal 2002/2003.
These postponements concern several console products as well as the online game
“Shadowbane”.
The company’s management board points out that with these turnover shifts it is
only natural for the corresponding profit contributions to shift to the first
quarter of the following fiscal year as well. At the present time it has to be
reckoned with the company revealing a negative result as preliminary costs of
these products will burden the fiscal 2001/2002 while profit contributions will
only be realised in the following fiscal year. The turnover from these products
is guaranteed mostly by distribution agreements.
Contact:
Investor Relations: Marion Morell
Tel: +49 (0)2131 4066-253
Fax: +49 (0)2131 4066-260
Email: ir@swing-ag.de
ISIN: DE0005474407 // WKN: 547 440
Exchange symbol SGV; Bloomberg SGV GR; Reuters SGVG.F
Neuer Markt, Frankfurt stock exchange
end of ad-hoc-announcement (c)DGAP 02.05.2002
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WKN: 547440; ISIN: DE0005474407; Index:
Listed: Neuer Markt in Frankfurt, Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, Hannover, München und Stuttgart
020805 Mai 02
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