EMPRISE Aktiengesellschaft
EMPRISE significantly reduces its financial liabilities
EMPRISE Aktiengesellschaft / 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. ---------------------------------------------------------------------- Hamburg, Germany, July 7, 2008. EMPRISE AG [ISIN: DE0005710503] today announced that its largest lender has signed a debt waiver of EUR 3.6 million. In connection with the debt waiver, the lender also waived repayment of all interest that would be payable on the amount of EUR 3.6 million from June 1, 2008. The lender furthermore agreed to reduce the interest on the remaining loan of EUR 8.4 million to four percent per annum retroactively as of June 1, 2008. For EMPRISE, this means a reduction in interest payments of approximately EUR 0.3 million in 2008 and approximately EUR 0.5 million in the following years. EMPRISE and the lender also reached agreement regarding an interest payment plan that will improve the Group's liquidity in the current financial year by a total of EUR 0.7 million. These agreements have now cleared the way for the implementation of EMPRISE's turnaround strategy. If EMPRISE's economic situation improves considerably, a debtor warrant will apply, according to which the loan would be reinstated while the interest accrued until that time would remain waived. Financial information: Maren Wolff, EMPRISE AG, Tel.: +49.40.27072-133, Fax: +49.40.27072-139, e-mail: ir@emprise.de Press information: Grit Pauli, HOSCHKE & CONSORTEN Public Relations GmbH, Tel.: +49.40.369050- 31, Fax: +49.40.369050-10, e-mail: g.pauli@hoschke.de 07.07.2008 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: EMPRISE Aktiengesellschaft Humboldtstr. 62 22083 Hamburg Deutschland Phone: +49 (0)40 27072-134 Fax: +49 (0)40 27072-139 E-mail: ir@emprise.de Internet: www.emprise.de ISIN: DE0005710503 WKN: 571050 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart End of News DGAP News-Service ---------------------------------------------------------------------------
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