Readcrest Capital AG

Legal Proceedings Report • Jan 22, 2009

News Details

Ad-hoc | 22 January 2009 16:00

Business Media China AG: TC Gruppe files for insolvency

Business Media China AG / Miscellaneous

Release 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.

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Ad-hoc

TC Gruppe files for insolvency

Stuttgart, January 22, 2009 - TC Gruppe GmbH, the advertising agency
Business Media China AG has a majority interest in, has filed for
insolvency today.

In the two years of shareholding it was not possible to get the TC Gruppe
GmbH profitable despite of great efforts and substantial investments by
Business Media China AG. For the fiscal year 2009 the TC Gruppe GmbH
requested a new extensive need for capital, but Business Media China AG
could not bear theses capital due to the current restructuring activities.

At present BMC Group undertakes pervasive restructuring activities in all
divisions. These activities are necessary against the background of the
tough economic year 2009.

For more information:

Business Media China AG

Rotebühlstrasse 87

DE-70178 Stuttgart

invest@businessmediachina.com

+49 711 490 890 130
22.01.2009 Financial News transmitted by DGAP

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Language: English
Issuer: Business Media China AG
Rotebühlstrasse 87
70178 Stuttgart
Deutschland
Phone: +49 (0)711 490 890 0
Fax: +49 (0)711 490 890 110
E-mail: invest@businessmediachina.com
Internet: www.businessmediachina.com
ISIN: DE0005250401
WKN: 525040
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Stuttgart, München, Hamburg, Düsseldorf

End of News DGAP News-Service

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