MINDFIRE Solutions AG
MINDFIRE Solutions AG: New purpose of the company Real Estate Business
MINDFIRE Solutions AG / AGM/EGM/Strategic Company Decision 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. ---------------------------------------------------------------------- MINDFIRE Solutions AG: New purpose of the company Real Estate Business Yesterday the General Meeting of MINDFIRE Solutions AG deliberated the following: • New purpose of the company: Real Estate Business • New registered office in Frankfurt am Main • Change of the company name to MINDFIRE REAL ESTATE Aktiengesellschaft Bremen, 28. August 2007 In April 2007, AMH s.r.l. (Alberto Mezzini Holding s.r.l.), an Italian Holding company, fully represented by the only shareholder Dott. Ing. Alberto Mezzini purchased 75% of the corporate stock of MINDFIRE Solutions AG. After this deal, MINDFIRE Solutions AG is now part of the AMH Group, which controls Uni Land S.p.a. (www.unilandspa.it) the first company operating in Land Banking and House Building, listed on the Italian Stock Exchange, in the STAR segment. The 'developing' activity mainly carried out by the group started in the 60’s and is based on 3 different real estate sectors of the business: 1. valorization of the territory, from the agricultural starting point to the fully completed urbanization model, 2. building of residential houses 3. franchising network of sale branches. Uni Land manages a real estate portfolio of Euro 663 million on 30 June 2007, appraised by the independent expert CB Richard Ellis. Yesterday the General Meeting of MINDFIRE Solutions AG decided a radical change in the purpose of the company: in the future the company will be involved in real estate business, leaving completely behind the previous activities (as information technology and financial advisors). The company's registered office will be in Frankfurt, the new name will be MINDFIRE REAL ESTATE AG and the new CEO will be Mr. Stefan Sessler. The main target of the new main shareholder will be to capitalize the company, in order to give it the financial strength to proceed to purchase important residential portfolios already rented in the German market. It is currently not envisaged that cash will be called from the market. Germany offers now the best condition of a stable and growing economy and, above all, the best profit ratio per square meter in the residential sector of all European countries. Thus, MINDFIRE will be able to succeed in the real estate business. MINDFIRE will remain listed in the Open Market (ISIN code DE000A0HNFU3) at the following stock exchanges: • Berlin ( code M3S.BE ) • Frankfurt ( code M3S.F ) • Xetra ( code M3S.DE ) For further information, contact: Pasquo Cicchini Hill & Knowlton Milan Via Lomazzo, 19 20154 Milano t: +39 (02) 31914245 m: +39 (335) 6417880 f: +39 (02) 31914250 pcicchini@hillandknowlton.com Udo Becker Hill & Knowlton Communications GmbH Schwedlerstr. 6 60314 Frankfurt am Main, Germany T +49 69 973 62 - 20 F +49 69 73 08 66 M +49 175 7248707 Udo.Becker@HillandKnowlton.com 28.08.2007 Financial News transmitted by DGAP ----------------------------------------------------------------------
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