mb Software AG
mb Software AG english
Ad hoc announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Hamlin, July 20, 2001. The Management Board of mb Software AG has today filed an
application for insolvency procedures with the competent county court in
Hamlin, due to insolvency. The liquid means of the company are not sufficient to
cover the financial obligations falling due.
Talks with various investors, both national and international, could not be
concluded within the given time-frame. As no new funds were forthcoming to the
company the duty to apply for insolvency could no longer be averted.
The corporate management is striving to effectively continue business activities
utilizing the legal means possible under insolvency procedures.
To this end, the implementation of an extensive reorganization and restructuring
concept becomes necessary. In the interest of concentrating on the key
competences of the company, and the ensuing separation from segments not being
part of the key business, first measures have already been taken: the neocron
technology of the mb subsidiary Reakktor GmbH has been sold to Schwiezer System
GmbH, Hannover. The mb subsidiary My Channel GmbH has been sold to Erodata GmbH,
Mainz.
Negotiations with investors will be continued.
mb Software AG, Hermannstr. 1, D-31785 Hameln
fon: (+49) 51 51 / 9 00 0, fax: (+49) 51 51 / 9 00 1 90
e-Mail: mb@mb-software.de, Internet: www.mb-software.de
end of ad hoc announcement (c) DGAP 20.07.2001
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WKN: 658320; Index:
Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, Hannover, München, Stuttgart
201342 Jul 01
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