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ots Ad hoc-Service: FORIS AG <DE0005775803> FORIS set for further expansion

Berlin (ots Ad hoc-Service) -

Ad hoc-announcement edited and sent by DGAP. The sender is solely
responsible for the contents of this announcement.
1. FORIS AG (Securities ID No. 577580) records considerably
increased demand for litigation financing in the third quarter. The
525 new enquiries represent an increase of 48% on the second quarter
and this figure is 79% up on the number for the first quarter of the
year. FORIS sees this increase as confirmation of the new
participation rates set in May which were reduced to 30% of proceeds
up to DM 1 million and 20% of any proceeds in excess of this figure.
These rates make the offer of litigation financing considerably more
attractive to customers. 2. At the same time the average litigation
values in dispute are higher than ever before. Thus, the company's
forecast of attracting more enquiries, particularly those relating to
high values in dispute, has proved entirely correct. 3. As the fourth
quarter begins, FORIS AG is extending its strategic advertising
beyond the legal profession to reach the final consumer in a series
of adverts in business magazines. 4. Up until the end of the third
quarter FORIS AG had concluded a total of 279 litigation financing
contracts. Of this number, 48 cases have been successfully concluded
and settled, 32 are in settlement. 199 are at present in financing
with a total option volume for FORIS AG of DM 78.7 million. In
addition, the company is currently investigating a further 452
enquiries. At the end of the second quarter these totalled 360 cases.
5. The third quarter closes with a deficit of DM 3.3 million. But due
to the fact that several cases are nearing conclusion and thanks to
the positive trend in the sale of inventory companies, the Management
Board is confident of achieving a positive annual result. 6. This
third quarter saw the opening of another FORIS AG office, this time
in Frankfurt Business development up to now has shown that Frankfurt
is an important location for the range of services FORIS has to
offer. 7. The full quarterly report will be available on the FORIS AG
Internet site from 20:00 hours today.
Further information: FORIS AG, Matterhornstr. 44, 14129 Berlin,
Tel: +49 (0)30-8048640, Fax: +49 (0)30-80486424, EMail: 
FORIS-Berlin@foris-ag.de, Internet: www.foris.de
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  • 15.09.2000 – 08:10

    ots Ad hoc-Service: FORIS steht vor Aktiensplit

    Ad hoc-Mitteilung verarbeitet und übermittelt durch die DGAP. Für den Inhalt der Mitteilung ist der Emittent verantwortlich. Berlin, Bonn, München, New York (ots Ad hoc-Service) - Die FORIS AG (WKN 577580) hatte auf ihrer Hauptversammlung im Mai einen Aktiensplit beschlossen. An die Stelle der bisherigen Stückaktien mit einem rechnerischen Anteil am Grundkapital in Höhe von 1 EURO treten nunmehr 2 ...