Wapme Systems AG
Wapme trade subsidiary more phones gets loan of EUR 1.25 million
Corporate-news announcement sent by DGAP.
The sender is solely responsible for the contents of this announcement.
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Wapme trade subsidiary more phones gets loan of EUR 1.25 million
Düsseldorf, 22 June 2004
This means that the Wapme trade subsidiary, more phones GmbH, can now
considerably increase its contribution to the group result. The loan was granted
at a standard market interest rate until 30.6.05 and can, if more phones GmbH
so wishes, be extended until 31.12.05.
Up to 31.12.04 the lenders have been granted the option to acquire a stake of up
to 15% in more phones GmbH in a capital increase. The partners of more phones
GmbH are planning to turn the company into an AG (stock corporation) as soon as
possible, and for it to be listed on the stock market.
Also, the management of more phones GmbH and the management board of Wapme
Systems AG believe that it is now only a matter of time before the tax
authorities reimburse the sales tax claim.
wapme group – great deals by communication
Wapme is one of the three leading German mobile messaging providers, and
develops service applications for SMS, premium SMS and mobile marketing.
Wapme, which is listed on Frankfurt Stock Exchange Prime Standard under ISIN
DE0005495501, has its headquarters in Düsseldorf, with offices in Germany,
Turkey, the UK and the USA; in 2003 it posted sales of EUR 128 million with 120
employees, including the text center.
The strengths of Wapme as an integrated media company lie in its ability as an
enabler to give mobile entertainment providers, TV stations and major
advertising agencies the possibility to enter the market for interactive
communication. In this respect Wapme is a trustworthy, technically reliable full
service provider which ensures reputable financial processing.
The range of services from the wapme group comprises the areas Premium SMS, SMS
Messaging, Tech Center, Mobile Service, Textcenter and Finance to form a mobile
community.
Further information on the wapme group is available from:
Wapme Systems AG
IR/PR
Eugenia Marcos
Vogelsanger Weg 80
D-40470 Düsseldorf
Tel: 0211-74845-0
Fax.: 0211-74845 299
E-mail: pr@wapme-group.de
Internet: http://www.wapme-group.de
end of message, (c)DGAP 22.06.2004
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WKN: 549550; ISIN: DE0005495501; Index:
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-
Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart
221821 Jun 04
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