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FORIS AG

ots Ad hoc-Service: FORIS AG <DE0005775803>

Berlin (ots Ad hoc-Service) -

The sender is solely responsible for the contents of this
announcement.
1. FORIS AG has submitted its 1999 balance sheet closing with an
annual loss of DM 3.5 million. This loss includes DM 2 million of
stock issue costs, resulting from FORIS' listing on the stock
exchange last year. However, this result compares with a generated
volume of financed lawsuits exceeding DM 188 million. Assuming a 60 %
success rate of financed lawsuits, which is equivalent to the market
averages published by the Federal Statistical Office (Statistisches
Bundesamt), this result stands for proceeds from financed litigation
of more than DM 47 million. This figure takes into account the cost
of potentially lost lawsuits.
2. Although FORIS AG assumes an average duration of proceedings of
2.5 years, proceeds amounting to a total of DM 1.9 million were
produced already in 1999.
3. Resulting from the trade in shell companies which began in the
autumn of 1999, FORIS AG managed to deliver earnings of DM 2.5
million by the end of the same year. In January 2000 alone, revenue
exceeded DM 1 million.
4. Trading in shell companies has proven to be an excellent
advertising medium for the business sector of financing litigation
within the legal profession as a target group. In order to strengthen
the commitment, with immediate effect, each party acquiring a company
will receive a consulting voucher worth DM 200. In addition, the new
company will hold a share in FORIS AG. Other additional services will
follow and make a significant contribution to this business sector.
End of message
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