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ots Ad hoc-Service: FORIS AG <DE0005775803> FORIS: Litigation Lasting Longer

Berlin (ots Ad hoc-Service) -

Ad hoc-announcement edited and sent by DGAP. The sender is solely
responsible for the contents of this announcement.
FORIS: Litigation Lasting Longer
1. To date FORIS AG had assumed a positive net result. In various
proceedings in each of which FORIS AG's share amounts to over DM 1
million, intensive negotiations are being conducted towards a
settlement. These cases are still underway and, contrary to
expectations, will no longer be concluded this year. In some
proceedings, it is conceivable that decisions will be contested
because FORIS and the respective contracting party are interested in
obtaining higher awards. If none of the proceedings are concluded
this year, a negative net result of up to DM 6.5 million can be
expected.
2. The costs essentially result from the increased personnel and
advertising expenses as well as the expansion of new business fields.
FORIS AG will therefore also be able to maintain its jump as market
leader in the fast-growing market for litigation financing even in
face of the further anticipated competition.
3. FORIS AG will foreseeably conclude 150 new litigation financing
agreements over the year as a whole and will thus be financing 210
agreements prior to year-end. Based on the increased inquiries in the
last two quarters, FORIS anticipates concluding at least 200 new
agreements for the coming year.
4. FORIS AG has undertaken a new analysis of the litigation
financing portfolio based on its now two-and-a-half years of business
activity. The original estimates made at the outset of the new
litigation financing business were based exclusively on information
from the Federal Statistics Office. These assumptions have proven to
be largely irrelevant in practice. Based on a highly conservative
assessment, FORIS AG's own experience suggests gross profit of at
least DM 13 million from the current contract portfolio.
5. FORIS AG already attained turnover of more than DM 35 million
as of 30 November 2000, which corresponds to an increase of approx.
800% in relation to 1999 as a whole. FORIS will earn gross profit of
approx. DM 2.5 million from the sale of foreseeably 500 shelf
companies before year-end.
6. For the coming year. FORIS AG estimates a positive net result.
FORIS AG, Matterhornstr. 44, 14129 Berlin, phone: (+49 30)
8048-640, fax: (+49 30) 8048-6424, e-mail:  berlin@foris.de, Internet:
www.foris.de
End of Message
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