Look Models International Inc.
Look Models International Inc.: Successful Listing
Look Models International Inc. / IPO Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- Dover (DE, USA)/Frankfurt am Main, May 23, 2008. Look Models International Inc. (LMI), the holding company for Wolfgang Schwarz's group of modeling agencies and lifestyle companies that operate under the same name, and which is based in Dover, Delaware, USA, celebrated its successful stock market debut on the Open Market of the Frankfurt Securities Exchange today. The first reported price of the LMI share (WKN: A0M48N, ISIN: US54341R1059, Symbol: 3LM) following the start of trading was EUR 0.50. The price was EUR 0.58 at midday. The listing was managed by Renell Wertpapierhandelsbank. The listing has enabled the company to complete the first step towards the implementation of its ambitious growth plans. The company plans to open further branches, and to acquire existing modeling agencies, primarily in the US and the UK, over the course of the coming months. LMI also intends to strengthen its management team. 'We are very happy that the IPO has been a success, and our aim is to reward the confidence that our investors have shown in us with corresponding growth,' commented CEO Wolfgang Schwarz. About Look Models International Inc.: Founded in June 2007, Look Models International Inc. (LMI) functions as the holding company for a group of modeling agencies and lifestyle companies that operate under the same name. Through its operating subsidiaries LMI not only covers the complete modeling agency business, but also the segments of scouting, celebrity, event management, and merchandising. LMI scouts discovered well-known top models such as Anna Tokarska and Katarina Ivanovska, among many others. LMI was one of the first agencies to develop an Internet booking system for models that allows models to be researched and booked directly on the agency's website. The company’s management has over 30 years of experience in the sector, and has created a global business network. LMI is one of the top 20 agencies in the world, and commands an outstanding market position, particularly in Central and Eastern Europe. The company also aims to achieve this position in the medium term in the markets of Western Europe, as well as in the Pacific Rim in Asia and America. Further information: www.link2look.com Disclaimer: 'This press release, and the information it contains, represents neither an offer to sell nor a solicitation to purchase Look Models International Inc. securities, either in the Federal Republic of Germany or in another country. Shares in Look Models International Inc. are not publicly offered for sale outside Germany, in particular, in the United States of America.' Look Models International Inc. Wolfgang Schwarz, CEO Passauer Platz 1, A-1010 Vienna Telephone: +43 1 5335 816 Telefax: +43 1 5354 255 E-mail: ir@link2look.com 23.05.2008 Financial News transmitted by DGAP ----------------------------------------------------------------------
Latest News
Latest Reports
No Reports found
Upcoming Events
No Events found
Webcasts
No Webcasts found