eJay AG
eJay AG english
Empire Interactive takes over assets of insolvent eJay AG
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Stuttgart, March 6th, 2002. – The insolvent eJay AG, Stuttgart, brought its
negotiations about the continuation of its business to a positive end: The
English publishing and de-velopment company of entertainment software Empire
Interactive PLC, London, has acquired the assets of eJay AG retrospectively
from March 1st, 2002. As pointed out earlier in the ad hoc release from
February 1st, 2002, an asset-deal has taken place, which means only the
materially and non-materially unstressed property assets were sold. No debts or
other liabilities were handed over. Any negotiations with potential investors
or buyers have been closed with this deal.
Retrospectively from March, 1st 2002, eJay software products will be continued
by the eJay Entertainment GmbH, which is also taken over all employees of the
eJay AG. The contracts with the existing publishing partners as Vivendi
Universal Interactive Publish-ing (VUIP), USA, and Acclaim Entertaiment GmbH,
Germany, may also be carried on by the newly formed company.
The eJay AG itself will be liquidated within the framework of the insolvency
procedure. According to the insolvency administrator Dr. Tibor Braun (law firm
Illig, Braun, Kirschnek), the insolvency creditors of the eJay AG can expect a
rate of approximately 10% out of the liquidation process. The responsible local
court in Stuttgart had initiated insolvency proceedings over the capital of
eJay AG February 1st, 2002.
For further information:
Michael Kränzle
Senior Public Relations Manager
Rotebühlstraße 87
70178 Stuttgart, Germany
Tel: +49-711-62031-150, fax: +49-711-62031-001
Email: Michael.Kraenzle@eJay.com
Public Relations Online: http://www.eJay-AG.com
end of ad-hoc-announcement (c)DGAP 07.03.2002
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WKN: 549 570; ISIN: DE0005495709; Index:
Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, Hannover, München und Stuttgart
070829 Mär 02
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