EMTS Technologie AG
EMTS Technologie AG english
EMTS: Dutch and French subsidiaries filing for insolvency.
Ad-hoc-announcement processed and transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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EMTS: Dutch and French subsidiaries filing for insolvency.
Serentschy resigns from Supervisory Board.
Netherlands, France, partly Sweden
EMTS Technologie AG sees itself compelled to file for insolvency on behalf of
its Dutch subsidiaries EMTS Benelux B.V., EMTS Laboratory BV and EMTS Center
BV, its French subsidiaries EMTS France SA and EMTS Laboratories SA, as well as
its Swedish subsidiary EMTS Center AB.
The companies in question generated between 70% and 90% of its revenues by
servicing Nokia products. Due to the Nokia agreement being terminated, the
lion’s share of the volume of business fell flat and could not be replaced by
other products and customers at such short notice. The share of revenues of
these companies amounted to approx. Eur 17.6 million in 2002 (Netherlands:
approx. Eur 7.7 million, France approx. Eur 4.9 rnillion, Sweden approx. Eur
5.0 million). The workforce in the three countries totals about 200 employees.
EMTS Technologie AG continues to operate in Austria, Germany, Finland, Estonia,
Denmark, Spain, Norway, Sweden and Italy.
Member of Supervisory Board resigns.
Dr. Georg Serentschy has resigned from the Supervisory Board of EMTS
Technologie AG. Serentschy, who was elected to that body in October 2002,
indicated that he would no longer be in a Position to exercise the Supervisory
Board mandate in tandem with his function as Director of the telecommunications
regulation authority RTR on account of the substantial workload involved.
The Supervisory Board now consists of three members: Thomas Lenzinger as
Supervisory Board Chairman, Rene Riefler, Investment Banker, and Walter
Schadenfroh, Asset Manager VTM Liechtenstein. There are no plans at present for
the Supervisory Board to be reinforced.
http://www.emtscenter.com
Investor Relations: E-mail: investor.relations@emtscenter.com
Tel.: +43-662-623391-0
Corporate spokesperson: Karin Keglevich
E-maii: keglevich@spa.co.at
Tel.: +43-1-532 25 45-10
Title: EMTS Technologie AG, Salzburg
ISIN Nr.: AT0000926266
end of ad-hoc-announcement (c)DGAP 06.03.2003
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WKN: 616516; ISIN: AT0000926266; Index: SWX New Market
Listed: Swiss Exchange; Freiverkehr in Berlin, Frankfurt, München und Stuttgart
060825 Mär 03
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