ARQUANA International Print & Media AG
ARQUANA International Print & Media AG: Consolidated loss in third quarter / Change in supervisory board
ARQUANA International Print & Media AG / Miscellaneous 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. ---------------------------------------------------------------------- Consolidated loss to the value of EUR 17.4 million in the third quarter 2007 due to unscheduled devaluations of subsidiaries / Supervisory board chairman resigns effective November 30, 2007 / Forecast on further business development Neumünster, November 28, 2007 - ARQUANA International Print & Media AG (ISIN DE0006781008) generated a consolidated loss to the value of EUR 17.4 million in the third quarter 2007. Thereby the loss of the company amounts to EUR 16.8 million in the first nine months of the financial year 2007. The background to the loss development in the third quarter includes, among other things, devaluations made in the course of EVRY ROTATIVES S.A.S. (Bondoufle, France) requesting the introduction of a protection of creditors procedure according to French law on September 19, 2007 to the value of EUR 3.4 million, the sale of WS 3021 Vermögensverwaltungs AG (Starnberg) to the value of EUR 7.8 million on October 17, 2007, as well as SOCHOR GROUP GmbH (Zell am See, Austria) filing for insolvency on November 8, 2007 to the value of EUR 4.7 million. In addition, further losses to the value of EUR 1.5 million have accumulated. The losses in the third quarter could be partly compensated by repayment renouncements on long-term loans to the value of EUR 13.7 million in October 2007. The reorganisation and restructuring of the ARQUANA group will continue to be promoted. The supervisory board chairman, Georg Konstantinou, resigned his position effective November 30, 2007 for availability reasons. For the short term, the ARQUANA International Print & Media AG executive board will request the appointment of a new supervisory board member at the relevant registry office under consultation with the principal shareholders for the time until the next general meeting. 28.11.2007 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: ARQUANA International Print & Media AG Gadelander Straße 77 24539 Neumünster Deutschland Phone: +49 (0) 4321 / 875 0 Fax: +49 (0) 4321 / 875 185 E-mail: info@arquana.com Internet: www.arquana.de ISIN: DE0006781008 WKN: 678100 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, München, Hamburg, Düsseldorf, Stuttgart End of News DGAP News-Service ---------------------------------------------------------------------------
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