VCL Film + Medien AG
VCL Film + Medien AG files for insolvency
VCL Film + Medien AG / Key word(s): Insolvency 20.09.2010 16:30 Dissemination 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. --------------------------------------------------------------------------- Munich, Monday , 20th September 2010 VCL Film + Medien AG files for insolvency VCL Film + Medien AG (WKN:330437) filed for insolvency today, the 20th of September 2010, at the Amtsgericht Munich (Register Court) in order to restructure the company with the help of experienced specialists. Failure of the Investor to comply with its funding obligations to secure VCL's going concern under the existing agreement and referring to the ad hoc announcement of the 6th of May, 2010, is given as the reason for this move. Intensiv efforts of all parties involved up to today to restructure the company outside of an insolvency failed. Confident that the investor who is willing to pay will fulfil its commitment to the company, VCL Film + Media AG is hoping to overcome this financial crisis before the start of insolvency proceedings. An insolvency restructuring plan should make it possible for the company to be back in regular business within a short time. VCL Film + Medien AG has currently 4 employees. 20.09.2010 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: VCL Film + Medien AG Wolfratshauser Str. 84 81379 München Deutschland Phone: +49 (0)89 354 97-0 Fax: +49 (0)89 354 97-357 E-mail: IR@vcl.de Internet: www.vcl.de ISIN: DE0003304374 WKN: 330437 Listed: Regulierter Markt in Frankfurt (General Standard); Freiverkehr in München, Düsseldorf, Berlin, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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