Alytus, Republic of Lithuania., 2010-12-22 10:46 CET (GLOBE NEWSWIRE) -- As specified in the 21 December 2010 Notice on Material Event, the Company has informed of its having no assets, income and any real prospects for future activities. It also informed of being insolvent and announced having no possibilities to settle accounts with its creditors or discharge its obligations to the creditors either today or in the future. In view of these facts, please be informed that on 22 December 2010, based on the provisions of legislative acts, the head of the Company filed for bankruptcy of the Company by submitting an application to that end to the District Court of Kaunas.
Pursuant to the provisions of the Law on Company Bankruptcy, at least within 1 month of receipt of such application, the court or the judge shall pass a ruling on suing for bankruptcy or refusal to sue. Due to important reasons the Court shall have the right to extend the term for preparation to examine the bankruptcy case in the court, but no longer than for one month.
The shareholders of the Company may familiarise themselves with the above-mentioned application regarding filing for bankruptcy of the Company and the copies attached thereto in the registered office of the Company during business days and upon an advance coordination of the exact time with the head of the Company.
For any additional information please refer to Vytautas Junevičius, Director General of the Company, tel.: (8 315) 57243.
Vytautas Junevičius, Director General, AB „ALT investicijos“
Vytautas Junevičius (8 315) 57243.