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ots Ad hoc-Service: FORIS AG <DE0005775803> The FORIS AG wants to become profitable in 2001

Berlin (ots Ad hoc-Service) -

Ad hoc-announcement edited and sent by DGAP. The sender is solely
responsible for the contents of this announcement.
Ad hoc Notice of the FORIS AG,
Berlin, Bonn, Frankfurt, Munich, New York - Press Conference on
Financial Statements, Friday, March 30, 2001
1. At the closing of the past year, the FORIS AG was able to
increase its turnover by 877% to 43.3 million DM. 2. The number of
requests for litigation financing rose by approximately 40% in
comparison to the previous year. By the closing of the year, the
FORIS AG financed 222 legal proceedings with a cumulative amount in
dispute of 238 million DM and a participation volume of 86.3 million
DM. The participation volume reflects the maximum possible
participation proceeds from the entire legal proceedings being
financed. 3. The sale of newly incorporated and completely
unencumbered public limited companies (stock corporations) and
private limited companies was increased in 2000 to 562 companies
(previous year: 30). 4. With the acquisition of Medizin.Recht.de, the
Complex GmbH with the djn-Deutschen Juristischen Nachrichtendienst,
the participation in QSearch, the founding of the FORIS Akademie, the
commencement of the FORIS Translation Service, the entering into of a
cooperation agreement with the Creditreform, as well as the further
development of the Internet portal for legal professionals at
www.foris.de. the financial year was marked with rapid expansion. 5.
The taking on of new litigation financing cases also gave rise, in
addition to court and lawyers fees, to noncapitalized costs of
acquisition, examination and administration of such files. These
investments in new proceedings, which can only produce income once
the court proceedings have been concluded, have led to a net annual
loss for the FORIS AG of 6.9 million DM. The combined group of
companies, in view of the aforementioned acquisitions, reports a net
annual loss in the amount of 7.9 million DM. 6. The FORIS AG predicts
positive annual results for 2001. Due to the forseeable conclusion of
numerous court proceedings stemming from the past years, the break
even point can be attained in the core business area of litigation
financing. In this respect, net revenues from litigation financing in
the amount of 7 million DM are being calculated. In addition, the
company expects operating results of over 3 million DM in the
business area of shelf companies.
FORIS AG, Matterhornstr. 44, 14129 Berlin, Tel. 030-8048640, Fax:
030-80486424,  berlin@foris.de, http://www.foris.de.
WKN: 577580; Index: Listed: Neuer Markt Frankfurt; Freiverkehr in
Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart
End
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    ots Ad hoc-Service: FORIS AG <DE0005775803> english

    Berlin (ots Ad hoc-Service) - FORIS AG (WKN: 577580) has set itself the goal of connecting lawyers up with the Internet. To this end, two strategic partnership contracts have just been concluded, namely with Hewlett Packard as hardware supplier and LeCare as software manufacturer. FORIS sees these partnerships as a further step to realizing a central lawyers' portal and hence the possibility of distributing its own ...

  • 01.03.2001 – 07:51

    ots Ad hoc-Service: FORIS AG <DE0005775803> deutsch

    Mitteilung gemäß Paragraph 15 WpHG, übermittelt von der DGAP Für den Inhalt ist allein der Emittent verantwortlich Berlin (ots Ad hoc-Service) - Die FORIS AG (WKN: 577580) hat sich zum Ziel gesetzt, die Anwälte ans Internet anzubinden. Dazu wurden jetzt zwei strategische Partnerschaftsverträge, nämlich mit Hewlett Packard als Hardware- und LeCare als Softwarehersteller abgeschlossen. Diese Partnerschaften ...