COMTRADE AG
COMTRADE AG: Board member for sales quits, Profit warning, Withdrawal share buy back program
COMTRADE AG / Change of Personnel/Profit Warning 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, 19 April 2007- Axel Holst, board member for sales of COMTRADE AG (WKN 550 253) resigned from office as board member with immediate effect. The position will be filled externally. In the meantime, the area sales will be led by the chief executive officer Dr. Babette Sievers. In addition, the company will substantially fail to its sales and profit target for 2006. The planned share buy back program will be withdrawn at this point of time so that the company can financially fully concentrate on its operative business. In light of the actual developments the procedures for the annual financial statement have been delayed so that an application for an extention to present the annual financial statement will be initiated. The company plans a variety of measures in order to shortly return to its growth path. Further information: COMTRADE AG Dr. Babette Sievers Jarrestrasse 7 D-22303 Hamburg Tel. +49-40-374942-0 Fax +49-40-374942-60 investor-relations@comtrade.de www.comtrade.de DGAP 19.04.2007 ---------------------------------------------------------------------- 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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