313music JWP AG / Miscellaneous 01.05.2008 Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- 313music JWP AG: release of the consolidated annual financial statements for 2007 postponed Annual financial statements of the subsidiary in Puerto Rico not yet finalized New membership for the VI Music Holding Inc. Board Munich, April 30, 2008 - 313music JWP AG has been forced to put back release of the consolidated annual financial statements for 2007 as it has not yet proved possible to finalize the annual financial statements of its subsidiary in Puerto Rico. Officers acting on behalf of the AG are currently in discussions with the CEO of VI Music Holding Inc. to clarify still open issues and explain the surprising delay. The latter is not expected to have any material impact on the Groups key financial figures for financial 2007 and specifically not on its income statement. Moreover, the coordination of the accounting was delayed by a change in the composition of the Supervisory Board necessitated by illness. From todays viewpoint, the auditors opinion will be issued over the next few days and the consolidated annual financial statements will thereupon immediately be released. The annual financial statements of the parent company, 313music JWP AG, which are prepared in line with HGB (the German Commercial Code) will be published on time today. In order to put the processes at VI Music Holding Inc. on a more reliable footing for the future, the Company plans to add a new member to the Board of its Puerto Rican subsidiary once the work on the annual financial statements has been completed. --------------------------------------------------------------------------- Information and Explaination of the Issuer to this News: 313music JWP AG: 313music JWP AG produces and publishes music recordings by various artists, and also acquires and exploits master recordings by other producers. 313music JWP AG is listed in the Prime Standard segment on the Frankfurt Stock Exchange. For further information, please contact: Thomas M. Stein, CEO, phone: +49 89 9509490, fax: +49 89 9509420, contact@313jwp.de www.313jwp.de DGAP 01.05.2008 --------------------------------------------------------------------------- Language: English Issuer: 313music JWP AG Münchner Straße 135 85774 Unterföhring Deutschland Phone: +49-(0)89 95 0 949 0 Fax: +49-(0)89 95 0 949 2214 E-mail: contact@313jwp.de Internet: www.313jwp.de ISIN: DE0005087506 WKN: 508750 Indices: Prime All Share , Prime Media Performance-Index , Prime IG Movies & Entertainment Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Stuttgart, München, Hamburg, Düsseldorf End of News DGAP News-Service ---------------------------------------------------------------------------
DGAP-Adhoc: 313music JWP AG: release of the consolidated annual financial statements for 2007 postponed
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