teamwork information management AG
teamwork info. management english

teamwork: Meeting of creditors unanimously agrees to insolvency plan Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– teamwork continues on path to ending insolvency: Meeting of creditors unanimously agrees to insolvency plan Paderborn District Court ratifies insolvency plan Paderborn, July 1, 2002. The meeting of creditors gave its full consent in each of the four groups of creditors to the insolvency plan to reconstruct the company submitted by the receiver of teamwork information management AG, the lawyer Dr. Frank Kebekus, at today’s meeting to discuss and agree on the plan at Paderborn District Court. Paderborn District Court ratified the insolvency plan directly following the meeting of creditors. The insolvency plan must be fulfilled by December 1, 2002. This is to be achieved by means of a second capital increase with a subscription right for shareholders. The Austrian company Aktieninvestor.com AG has agreed to subscribe to any part of the capital increase that is not taken up. Acceptance of this insolvency plan means that a reconstruction concept has been implemented that is the first of its kind for a stock corporation listed on the Neuer Markt. teamwork AG will discharge its debts by fulfilling the insolvency plan. When its insolvency proceedings are over, the company expects an improvement in its creditworthiness and a sharp expansion in operational business. The Board of Management expects a sustained and positive EBIT as of the 3rd quarter as a result of substantial cost reductions. Contact: Dr. Sabine Brummel, phone: +49 (0)5251-5201-145, e-mail: sbrummel@teamwork.de end of ad-hoc-announcement (c)DGAP 01.07.2002 Issuer’s information/explanatory remarks concerning this ad-hoc-announcement: teamwork information management AG Listed on the Neuer Markt since July 1999, teamwork information management AG is an international provider of collaborative business solutions for the intranet and intranet. Collaborative business allows electronic information management both within companies and in their dealings with customers and business partners. With collaborative business, control of the information flow is automated and business processes are electronically mapped. The services offered by teamwork AG include consulting, development, implementation, support and training. Today, more than a thousand companies use the solutions of the teamwork group in Germany and the UK. ——————————————————————————– WKN: 724161; ISIN: DE0007241614; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, München und Stuttgart 011853 Jul 02