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29.07.2008 | 18:41
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PRESS RELEASE: 10TACLE STUDIOS AG announces successful completion of capital measures

PRESS RELEASE: 10TACLE STUDIOS AG announces successful completion of capital measures

10TACLE STUDIOS AG / Corporate Action/Restructure of Company 
 
29.07.2008 
 
Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. 
The issuer / publisher is solely responsible for the content of this announcement. 
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The proceeds from the new issue secure the planned restructuring of the 
group with emphasis on digital worlds and corresponding online-gaming 
portals 
 
 
Darmstadt, 29th July 2008 - 10TACLE STUDIOS AG informs in an ad-hoc 
announcement as of today that the capital measures of the company that were 
decides upon on 3rd July 2008 have been successfully concluded. 
 
The convertible bond and the capital increase were fully subscribed for by 
investors. The total proceeds from both actions, amounting to about EUR 
6.2m, remedy the liquidity shortage of 10TACLE STUDIOS AG and forms the 
financial basis for the restructuring measures already initiated by the 
company. 
 
The reorientation and consolidation of the group will be progressed 
further. In the meantime, all activities of the company have been subjected 
to a strict assessment of profitability, the results of which will be 
announced in the near future. This includes: 
 
  - the possible sale of subsidiary companies; 
 
  - cessation of own sales activities; 
 
  - operational emphasis on the conception, development and operation of 
    portals for digital theme-worlds and with this on the area of 
    profitable online-gaming. 
 
Joachim Magin, CEO of 10TACLE STUDIOS AG since May 2008: 'We are happy to 
have created a solid basis for the reorientation of the company by the 
successful capital measures.  We consider the full subscription of the 
capital measures to be a sign of the investors' trust in the future of the 
'new' 10TACLE STUDIOS.' 
 
The company also announced that the audited financial statements will be 
presented at the end of August 2008. Depending on the date of the 
presentation of the financial statements, the annual shareholders meeting 
will take place in September or October 2008 in Darmstadt. 
 
 
 
About 10TACLE STUDIOS AG: 
 
10TACLE STUDIOS AG, listed in the General Standard of the Frankfurt Stock 
Exchange (WKN:TACL10, ISIN DE000TACL107) is one of the leading independent 
development- and production-companies for high quality computer- and video 
games (Games) with future emphasis on the area of Online-Gaming. 10TACLE 
STUDIOS AG produces on international top level and covers all relevant and 
growing sectors of the games market. The company operates on various 
development locations in Europe and Asia. 
29.07.2008  Financial News transmitted by DGAP 
 
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Language:     English 
Issuer:       10TACLE STUDIOS AG 
              Goebelstr. 21 
              64293 Darmstadt 
              Deutschland 
Phone:        +49 (0)6151 39 738 21 
Fax:          +49 (0)6151 39 738 10 
E-mail:       ir@10tacle.com 
Internet:     www.10tacle.com 
ISIN:         DE000TACL107 
WKN:          TACL10 
Listed:       Regulierter Markt in Frankfurt (General Standard); 
              Freiverkehr in Berlin, Düsseldorf, Hamburg, Stuttgart 
 
End of News                                     DGAP News-Service 
 
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(END) Dow Jones Newswires

July 29, 2008 11:40 ET (15:40 GMT)


© 2008 Dow Jones News

Link: http://www.finanznachrichten.de/nachrichten-2008-07/11395357-press-release-10tacle-studios-ag-announces-successful-completion-of-capital-measures-015.htm