teamwork information management AG
teamwork info. management english

teamwork: teamwork cannot fulfill its insolvency plan Ad-hoc-announcement processed and transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– teamwork: teamwork cannot fulfill its insolvency plan Paderborn, October 8, 2002. teamwork information management AG will not be able to fulfill the insolvency plan that was submitted by its receiver, the lawyer Dr. Frank Kebekus, and accepted by its creditors due to the negative results it has achieved in the year to date and its inadequate liquidity at present. According to the company’s reconstruction model, the insolvency plan was to be fulfilled on the basis of a second capital increase of 2.6 million euros, resulting in the company discharging its debts and an end to the insolvency proceedings. The financial investor, Aktieninvestor.com AG, had contractually agreed that it would cover the second capital increase (what is termed shortfall). The financial investor was not willing to support the company in this reconstruction model above and beyond the contractual arrangements. As a result, it will no longer be possible to implement the second capital increase and fulfill the insolvency plan. The receiver will now be required to liquidate the company. The appropriate measures will be initiated immediately. Contact: Dr. Sabine Brummel, phone: +49 (0)5251-5201-145, e-mail: sbrummel@teamwork.de end of ad-hoc-announcement (c)DGAP 08.10.2002 ——————————————————————————– WKN: 724161; ISIN: DE0007241614; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, München und Stuttgart 081335 Okt 02