10TACLE STUDIOS AG
10TACLE STUDIOS AG announces successful completion of capital measures
10TACLE STUDIOS AG / Corporate Action/Restructure of Company Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- The proceeds from the new issue secure the planned restructuring of the group with emphasis on digital worlds and corresponding online-gaming portals Darmstadt, 29th July 2008 – 10TACLE STUDIOS AG informs in an ad-hoc announcement as of today that the capital measures of the company that were decides upon on 3rd July 2008 have been successfully concluded. The convertible bond and the capital increase were fully subscribed for by investors. The total proceeds from both actions, amounting to about EUR 6.2m, remedy the liquidity shortage of 10TACLE STUDIOS AG and forms the financial basis for the restructuring measures already initiated by the company. The reorientation and consolidation of the group will be progressed further. In the meantime, all activities of the company have been subjected to a strict assessment of profitability, the results of which will be announced in the near future. This includes: - the possible sale of subsidiary companies; - cessation of own sales activities; - operational emphasis on the conception, development and operation of portals for digital theme-worlds and with this on the area of profitable online-gaming. Joachim Magin, CEO of 10TACLE STUDIOS AG since May 2008: 'We are happy to have created a solid basis for the reorientation of the company by the successful capital measures. We consider the full subscription of the capital measures to be a sign of the investors’ trust in the future of the 'new' 10TACLE STUDIOS.' The company also announced that the audited financial statements will be presented at the end of August 2008. Depending on the date of the presentation of the financial statements, the annual shareholders meeting will take place in September or October 2008 in Darmstadt. About 10TACLE STUDIOS AG: 10TACLE STUDIOS AG, listed in the General Standard of the Frankfurt Stock Exchange (WKN:TACL10, ISIN DE000TACL107) is one of the leading independent development- and production-companies for high quality computer- and video games (Games) with future emphasis on the area of Online-Gaming. 10TACLE STUDIOS AG produces on international top level and covers all relevant and growing sectors of the games market. The company operates on various development locations in Europe and Asia. 29.07.2008 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: 10TACLE STUDIOS AG Goebelstr. 21 64293 Darmstadt Deutschland Phone: +49 (0)6151 39 738 21 Fax: +49 (0)6151 39 738 10 E-mail: ir@10tacle.com Internet: www.10tacle.com ISIN: DE000TACL107 WKN: TACL10 Listed: Regulierter Markt in Frankfurt (General Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, Stuttgart End of News DGAP News-Service ---------------------------------------------------------------------------
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