COMTRADE AG
COMTRADE AG applies for insolvency proceedings
COMTRADE 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. ---------------------------------------------------------------------- Hamburg, 7 May 2007 – COMTRADE AG (WKN 550253) has applied for opening of insolvency proceedings at the appropriate local court of Hamburg. The reason is the substantial revenue and profit collapse and the thereby resulting loss in liquidity. At the moment there is no realistic chance to shortly eliminate such situation. Various negotiations in order to bridge such liquidity crisis of the company have not yet led to any success. The board is convinced that in cooperation with a preliminary insolvency administrator measures envisaged in a restructuring concept can be realized and therefore offer the possibility to a quick restructuring. It is intended to cover the value of the company for the benefit of the shareholders. Therefore, COMTRADE AG is still looking for an investor in order to proceed with the business with new capital. Information: COMTRADE AG Dr. Babette Sievers Jarrestraße 6 22303 Hamburg Tel. +49-40-374942-0 Fax +49-40-374942-60 investor-relations@comtrade.de www.comtrade.de DGAP 07.05.2007 ---------------------------------------------------------------------- Language: English Issuer: COMTRADE AG Jarrestraße 6 22303 Hamburg Deutschland Phone: +49 (0)40 374942-0 Fax: +49 (0)40 374942-60 E-mail: investor-relations@comtrade.de www: www.comtrade.de ISIN: DE0005502538 WKN: 550253 Indices: Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-Bremen, Stuttgart, München, Hamburg, Düsseldorf End of News DGAP News-Service ---------------------------------------------------------------------------
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