Medios AG

Interim / Quarterly Report • May 30, 2011

News Details

Ireland | 30 May 2011 22:22

MIM MONDO IGEL MEDIA AG: Reductions Going According to Plan

MIM MONDO IGEL MEDIA AG / Release of an announcement according to Article 37x of the WpHG [the German Securities Trading Act]

30.05.2011 22:22

Interim report according to Article 37x of the WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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Interim Communication (Zwischenmitteilung)
In the first Half-Year of 2011
MIM MONDO IGEL MEDIA AG, Hamburg

MIM MONDO IGEL MEDIA AG has no turnover thusfar in 2011. The company is
currently proceeding with the production of Laura's Star 3, which should be
completed during the year. The sale of the library consisting of licensed
and owned rights will continue after a remarkable sale to Mondo TV S.p.A.
in the last quarter of 2010. Management believes the most important titles
of the library will be sold by the end of the year; in 2011, programs will
be sold mainly as a distributor.

MIM would like to point out that it had announced that its equity capital
was reduced to less than 50% of its share capital in May 2010, a process
that continued within 2010 and the beginning of 2011 due to the losses
incurred (EUR 600 k in 2010 and EUR 80 k in QI).

Management expects a loss lower than in the previous year for 2011, despite
lower revenues, due to strong cost reduction implemented by the management.

Expenses and material costs were lower than in the same period last year.
Personnel costs were reduced due to the fact that personel was reduced to
one employee in the last quarter of 2010. Due to the sale of licencing
rights, depreciation and amortisation were lower.
The commercial cooperation with Mondo TV S.p.A. was intensified.

Management expects revenues in each of the remaining quarters of 2011.
MIM should have sufficient liquidity for all business activities including
administration costs of being a listed company due to contracts already
signed with reliable, solvent partners (ZDF and Mondo TV) within the
current year.

MIM's financial and asset position remain very similar to the annual
figures of 2010, with a net debt of around EUR 0.2 million.

MIM currently has one employee and one member of the Board of Management
(four employees in the same period last year).

The website contains pertinent information about the company. The annual
accounts for 2010 are available online, where all future documentation will
be made available as it is published.

MIM is currently listed on the Regulated Market in Hamburg and on the Open
Market in Frankfurt.

Hamburg, 30 May 2011

Board of Management

30.05.2011 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English
Company: MIM MONDO IGEL MEDIA AG
Palmaille 124 B
22767 Hamburg
Deutschland
Internet: www.mim.ag

End of Announcement DGAP News-Service

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