Tiptel AG
TIPTEL AG files for insolvency proceedings
TIPTEL AG / Insolvency Release of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- Ratingen, March 30,2007 - During the 82nd regular meeting of the Supervisory Board on March 30, 2007 Mr. Werner Materna, sole member of the Management Board of TIPTEL AG, was dismissed by the Supervisory Board upon his own request due to health reasons. According to the at present available preliminary consolidated business figures for 2006 the EBIT amounts to about TEUR 450 (previous year: TEUR 401). Following today's meeting of the Supervisory Board the Management Board submitted the application for insolvency for TIPTEL AG to the local court at Düsseldorf due to imminent inability to pay. Furthermore, the General Managers of the subsidiary DFG mbH submitted the application for insolvency to the local court at Düsseldorf due to over-indebtedness. Contact: Haubrok Investor Relations GmbH Christine Schulte-Beckhausen Tel.: +49 (0)211/30126-0 Fax: +49 (0)211/30126-5111 E-Mail: C.Schulte-Beckhausen@haubrok.de DGAP 30.03.2007 ---------------------------------------------------------------------- Language: English Issuer: TIPTEL AG Halskestraße 1 40880 Ratingen Deutschland Phone: +49 (0)2102 4280 Fax: +49 (0)2102 4281-0 E-mail: info@tiptel.de www: www.tiptel.de ISIN: DE0007483604 WKN: 748360 Indices: Listed: Geregelter Markt in Frankfurt (Prime Standard), Düsseldorf; Freiverkehr in Berlin-Bremen, Stuttgart End of News DGAP News-Service ---------------------------------------------------------------------------
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