Gameforge Berlin AG
Frogster Interactive Pictures AG: Gameforge increases takeover bid to Frogster shareholders / Management considers the takeover to be friendly
Frogster Interactive Pictures AG / Key word(s): Offer 13.09.2010 08:00 --------------------------------------------------------------------------- holding, Gameforge has expressed the purpose to maintain Frogster an independent company with the existing management and team at the current locations, its own culture and its successful brands. By now, both companies have agreed on intensive cooperation in various fields which will be negotiated at arm's length and ought to be value adding to both companies. Thus, the Frogster management considers the takeover to be friendly. Generally the Frogster management does not give any recommendation to buy or sell the share at a particular price, not on the occasion of the takeover bid either, but feels obliged to the shareholders to make the following statements which add to the press release of 16.08.2010: The management does not expect Gameforge to further increase the tender offer and, regarding its own shares, for itself intends to accept the offer for a substantial part of its remaining shares. In this respect, the management recommends the Frogster shareholders to assess the offer carefully and benevolently again. Update on current revenues As expected and announced, the monthly revenue of August was around 200k EUR underneath the monthly revenue of July, according to preliminary projections. For the rest of the year 2010, the management anticipates rising monthly revenues again. Frogster Interactive Pictures AG, Tel. +49 (0)30-28 47 01-0 13.09.2010 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. 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: Frogster Interactive Pictures AG Hardenbergstr. 9A 10623 Berlin Deutschland Phone: 030 / 284701-10 Fax: 030 / 284701-11 E-mail: frogster@ir-services.de Internet: http://www.frogster-ip.de/ ISIN: DE000A0F47J1 WKN: A0F47J Indices: Entry Standard Performance-Index Listed: Freiverkehr in München, Düsseldorf, Berlin, Stuttgart; Open Market (Entry Standard) in Frankfurt End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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