Cooperation with Mori Seiki shall be intensified further
Bielefeld. GILDEMEISTER plans to intensify further its existing cooperation with Mori Seiki and in this respect will restructure its financing in the first six months of 2011.
Within the scope of our long-term corporate strategy, we want to expand the sustainable, successful cooperation in production, in procurement, in the area of research and development, as well as in sales and services further. The Supervisory Board has agreed the key points in a corresponding cooperation agreement. In the event of an appropriate capital market environment, GILDEMEISTER likewise plans to carry out capital increases in the first six months of 2011 with the participation of Mori Seiki. The structuring and implementation with and without subscription rights depends, amongst others, on the approval of the cartel authorities.
The Executive Board
Disclaimer, Forward-looking statement
Statements relating to the future: This press release contains forward-looking statements, which are based on current estimates of the management of future developments. Such statements are based on the management's current expectations and specific assumptions. They are subject to risks, uncertainties and other factors, which could lead to the actual future circumstances, including the assets, liabilities, financial position and profit or loss of GILDEMEISTER, differing materially from or being more negative than those expressly or implicitly assumed or described in these statements. The business activities of GILDEMEISTER are subject to a series of risks and uncertainties, which may result in forward-looking statements, estimates or forecasts becoming inaccurate. Should one of these factors of uncertainty or other unforeseeable event occur, or should the assumptions on which these statements are based prove incorrect, the actual results may differ materially from the results stated, expected, anticipated, intended, planned, aimed at, estimated or projected in these statements. Forward-looking statements must not be understood as a guarantee or assurance of the future developments or events contained therein.