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euro adhoc: Advanced Medien AG / Advanced Medien AG scores major success in lawsuit against MAXXFilm (E)

Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.

In the lawsuit of Advanced Licencing GmbH against MAXXFilm Produktions GmbH, the Munich Regional Court I today declared all transactions with MAXXFilm GmbH that were concluded in 1999 and 2000 null and void. The court thus granted Advanced Medien's application to declare these transaction null and void as they are considered to be sham transactions. As a result, all film rights arising from these transactions remain with Advanced. This judgment also confirms the subsequent revision of the annual financial statements of Advanced Medien AG for fiscal years 1999 and 2000, in which these transactions were eliminated based on the findings of an expert opinion. A decision on the alternative cross-applications filed by MAXXFilm will be made with the final judgment.

Further inquiry note:
Susanne Rehm
Tel.: +49(0)89613085-0
Email: info@advanced-medien.de
Tel: +49(0)89-6138050
FAX: +49(0)89-61380555
Email: info@advanced-medien.de

end of announcement euro adhoc

Emittent: Advanced Medien AG
Keltenring 11
DE-82041 Oberhaching
Tel: +49(0)89-6138050
FAX: +49(0)89-61380555
Email: info@advanced-medien.de
WWW: http://www.advanced-medien.de
ISIN: DE0005093009
WKN: 509300
Indizes: Nemax All Share
Börsen: free trade Baden-Württembergische Wertpapierbörse, Bayerische Börse, Berliner Wertpapierbörse, Börse Düsseldorf, Bremer Wertpapierbörse (BWB), Hamburger Wertpapierbörse, Niedersächsische Börse zu Hannover; Neuer Markt Frankfurter Wertpapierbörse Branche: Media
Sprache: Englisch