11.03.2005 – 15:20

MIM MONDO IGEL MEDIA AG i.L.

euro adhoc: MIM MONDO IGEL MEDIA AG
other
MIM MONDO IGEL MEDIA Reaches Positive EBITDA, Eightfold Revenue Increase

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11.03.2005

The Supervisory Board approved on Wednesday, 09 March 2005, the
audited annual results presented by the Board of Management. MIM
reduced operating costs by about 45% to EUR 699k (2003: EUR 1,254k)
at the same time it increased revenues eightfold to EUR 3,461k (2003:
EUR 387k). The EBITDA was decidedly positive with EUR 193k (2003: EUR
-961k). After depreciation on the library of EUR 802k, the net loss
for the year was reduced 92% to EUR 610k (2003: EUR 7,967k).

"Our development this year sends a convincing signal about MIM’s
future," says Ricky Corradi, CEO. "We are very happy about our
accomplishments, and the next step for us will be to show that we
have indeed found the right path for MIM as a German distributor and
co-producer."

end of announcement                    euro adhoc 11.03.2005 14:37:34 

Further inquiry note:

Jedidiah Harris
General Manager
Telefon: +49(0)40 306896 10
E-Mail: jharris@mim.ag

Branche: Media
ISIN: DE000A0BVUP8
WKN: A0BVUP
Index:
Börsen: Hamburger Wertpapierbörse / regulated dealing
Berliner Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade
Frankfurter Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Bayerische Börse / free trade
Bremer Wertpapierbörse (BWB) / free trade

Original content of: MIM MONDO IGEL MEDIA AG i.L., transmitted by news aktuell