Mediaboss Marketing

DGAP-News: PNE WIND AG / Key word(s): Miscellaneous PNE WIND USA constructs Chilocco wind farm project

20.12.2013 / 10:53

=--------------------------------------------------------------------

Chicago / Cuxhaven, December 20, 2013 - PNE WIND USA, a subsidiary of the Cuxhaven, Germany based wind farm developer PNE WIND AG, has begun construction on the Chilocco wind farm project located in U.S. State of Oklahoma. The project, which has been developed to the point of construction over the past few years will now be build in several phases and have a nominal capacity of up to 153 MW when completed.

The wind farm is being built in an area located around the 'Chilocco Indian School' on Indian tribe lands. There has been a very good and close cooperation with the tribes of the Kaw, Otoe-Missouri, Ponca und Pawnee and Cherokee during the development of the wind farm.

Martin Billhardt, CEO of PNE WIND AG comments: 'For us it is a great step forward that our Chicago based team headed by Frank Kraatz has succeeded in developing this large wind farm project to the start of construction. We are delighted to have Mr. Kraatz, an experienced member of the WKN AG staff by us in our team. His work has made a decisive contribution to the realization of this project. This construction start illustrates that our strategy of international diversification is now paying.'

Company profile With its headquarters in Cuxhaven, PNE WIND AG plans and realises wind farm projects on land (onshore) and on the high seas (offshore). In doing so, its core competence lies in the development, project planning, and financing of wind farms and in their operation and sales respectively with the provision of subsequent service. To date, the PNE company group has already developed wind farms with a total nominal output amounting to almost 2,000 megawatts.

In addition to its business activities in the established German home market, PNE WIND AG is increasingly expanding into dynamic growth markets and is already represented in joint ventures and by subsidiary companies in 14 countries in Europe, Africa and North America. In these countries wind farm projects with a nominal output of about 4,800 MW are currently being developed and are to be completed in the medium term.

In addition, PNE WIND AG is developing offshore wind farm projects, of which four major projects in German waters have already been approved.

Contact: Contact:

Read this article:
PRESS RELEASE: PNE WIND USA constructs Chilocco wind farm project

DGAP-News: KINGHERO AG / Key word(s): Restructure of Company KINGHERO AG: First Measures taken to ensure the Cash Position

20.12.2013 / 14:50

=--------------------------------------------------------------------

KINGHERO AG: First Measures taken to ensure the Cash Position

Wiesbaden, December 20, 2013. To secure the cash position of KINGHERO AG the management board has concluded arrangements with debtees. These arrangements shall secure the financial situation of the company for the time being in order for the company to remain capable of acting.

On the operating level the management board of the German Holding Company has started restructuring measures in the affiliated company KINGHERO Group Holdings Ltd. They concentrate mainly on securing further influence spheres including the affiliated companies Kinghero Fashion (Xiamen) Co. Ltd. and Xiamen Michelle Co. Ltd.

Furthermore the management team of the company is in contact with investors concerning short-term restoration benefits and further restructuring measures.

The management board and the supervisory board of KINGHERO AG plan to convene an extraordinary general meeting during the first quarter 2014. If required, the committee may decide on additional measures to ensure the continuity of KINGHERO AG.

Regarding the outstanding consolidated financial statements for the year 2012 the situation is still the following: The management board of KINGHERO AG demanded the management of the operative entities in China several times to present auditable consolidated financial statements for the financial year 2012. Furthermore, the operative entities were asked to remove the obstacles preventing KINGHERO's auditor for the financial year 2012, Warth & Klein Grant Thornton AG Wirtschaftsprfungsgesellschaft ('Grant Thornton'), to work on the consolidated financial statements. The auditor has presented these obstacles at the end of October 2013. The operative entities in China have not met repeated requests until today.

Therefore the management board of KINGHERO AG could not finish the consolidated financial statements yet. At present the management board acts on the assumption that no auditable consolidated financial statement can be presented for the year 2012 for the time being.

Read more:
PRESS RELEASE: KINGHERO AG: First Measures taken to ensure the Cash Position

DGAP-News: Strer Media AG / Key word(s): Strategic Company Decision/Miscellaneous Strer Media AG: Strer plans to become a European corporation

19.12.2013 / 10:34

=--------------------------------------------------------------------

Strer Media AG is planning to change its legal form from a German corporation (AG) to a European corporation (Societas Europaea/SE). This up-to-date, modern legal form will clearly demonstrate Strer Media AG's image of itself as a European company to the public.

The business activities of Strer Media SE will continue to be governed by the management board, which will also continue to be overseen by the supervisory board. The planned transformation will not affect the rights of shareholders and employees. When the transformation is complete, Strer Media AG's shareholders will automatically become shareholders in Strer Media SE, and shareholder rights and financial reporting will not be affected by the planned transformation. The company will continue to be headquartered in Cologne.

In the view of the management board of Strer Media AG, the planned change in legal form represents a further consistent step in the development of the company following the growth of recent years and is a special way to promote the development of an open, transparent and international corporate culture.

'The developments of recent years and our entry into the online marketing business have made the company even more international. In addition to our core markets of Germany, Turkey and Poland, our blowUP giant billboard network has given us a presence in Britain, the Netherlands, Belgium and Spain. We also operate technology hubs in New Zealand and the Czech Republic,' explained Udo Mller, CEO of Strer Media AG. 'That is why we have suggested this measure to our shareholders, in order to reflect our increasingly international staff, customers and shareholders in the legal form of the company and to strengthen our positioning in international markets.'

The company's shareholders will be asked to approve the planned transformation at the 2014 annual general meeting.

About Strer Strer Media AG is a leading provider of online advertising and out-of-home, and offers its advertising customers individualized and fully integrated premium communications solutions. In the field of digital media, Strer is setting new standards for innovation and quality in Europe and is thus opening up new and innovative opportunities for targeted customer contact for its advertisers.

The Strer Group commercializes several thousand websites and more than 280,000 out-of-home advertising faces. With consolidated revenue of EUR 560m for the full year 2012, Strer Media AG is one of largest providers of out-of-home media in Europe in terms of revenue.

Continue reading here:
PRESS RELEASE: Ströer Media AG: Ströer plans to become a European corporation

PRESS RELEASE: MIFA launches cooperation venture with European bicycle group Cycleurope

DGAP-News: MIFA Mitteldeutsche Fahrradwerke AG / Key word(s): Alliance MIFA launches cooperation venture with European bicycle group Cycleurope

19.12.2013 / 10:38

=--------------------------------------------------------------------

MIFA launches cooperation venture with European bicycle group Cycleurope

- Production and international sales cooperation venture in high-quality brand bikes area

- Updated forecast: FY 2013 consolidated revenue slightly below expectations; medium-term forecast confirmed

Sangerhausen, 19 December 2013 - MIFA Mitteldeutsche Fahrradwerke AG (WKN share: A0B95Y, ISIN share: DE000A0B95Y8), Germany's largest manufacturer of bicycles in terms of sales, has expanded its sphere of international activities to include a strategic partnership with globally-operating Cycleurope AB, one of Europe's largest bicycle groups.

As from 2014, MIFA and Cycleurope will cooperate for the development and production of bikes and e-bikes in the high-end market segment. At the same time, both companies will review their international sales network and footprint and will engage cooperation to increase sales and market share of respective high-end brands. With regards to their domestic market and position, both companies should benefit from their strong presence and organization.

Cycleurope is part of Grimaldi Industri AB Group in Sweden. Today its brand portfolio includes the following well-known brands: Bianchi, Crescent, DBS, Definitive, Kildemoes, Gitane, Monark, Peugeot and Puch. These brands are distributed through the company's numerous own branches and distributors in Europe and worldwide.

Visit link:
PRESS RELEASE: MIFA launches cooperation venture with European bicycle group Cycleurope

Amr Moussa, center, the chairman of Egypt's 50-member panel responsible for amending the country's Islamist-drafted constitution, arranges the members for a group picture in Cairo after finishing the final draft of a series of constitutional amendments. (Amr Nabil / Associated Press / December 2, 2013)

December 18, 2013, 8:38 a.m.

CAIRO -- Whats in a word? A lot, if its a last-minute change to the draft of Egypts new constitution.

Two members of the panel appointed by the government to rewrite the national charter said an alteration was made after the final draft had been voted on by the committee. The document is to be put to a nationwide referendum next month.

The change -- amending the phrase civilian rule to civilian government. -- might not seem like much. But that wording has been contentious in the past.

The term civilian rule is supported by secular liberals, because it is meant to prevent either religious or military figures from taking charge of the state. The wording of civilian government is considered less broad-brush, because in Egypt the Cabinet is equated with the government. So it leaves an opening for key non-Cabinet posts to be filled by religious or military officials.

The two panel members who disclosed the change after the version was read out in public were Bishop Antonious, representing the Roman Catholic Church, and Mohamed Abul-Ghar, head of the Egyptian Social Democratic Party.

The bishop told the Ahram website that the committee head, Amr Moussa, appeared to stumble over the term when he read the preamble aloud. Abdul-Ghar said members did not see the revised wording in print until committee members got cleaned-up versions of the draft days after the vote -- during a dinner reception hosted by the armed forces.

ALSO:

Two Muslim extremists convicted in fatal attack on British soldier

More here:
One-word change to draft Egypt constitution stirs controversy