DGAP-Adhoc: 313music JWP AG: Positive consolidated unappropriated profits as at Dec. 31, 2007 despite a net loss for the business year

313music JWP AG / Preliminary Results

14.07.2008 

Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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313music JWP AG: Positive consolidated  unappropriated profits as at Dec.
31, 2007 despite a net loss for the business year
Package of cuts and strategic realignment set the course for the future


Munich, July 11, 2008 – In business 2007, 313music JWP AG posted
consolidated unappropriated profits of just short of EUR 3 million,
although preliminary figures indicate that it incurred a net loss of EUR
7.3 million, down on the prior-year loss of EUR 8.1 million. Thanks to its
strong capital base, the Company is able to offset this loss and the losses
carried forward from past years from its capital reserves. The capital
reserves still remain at EUR 3.1 million and thus well over the mandatory
minimum level for reserves. Profits booked in the future will thus be
available for direct disbursement to the shareholders.

More than 75% of the net loss for 2007 is attributable to one-time factors,
business in the United States, and left-over financial burdens from the
past. Among others, these include high level of returns in prior years,
write-downs on receivables and considerable legal, consultancy and
personnel costs relating to former Management Board members. Moreover, the
prior-year result was already squeezed by high extraordinary factors: Of
the 2006 loss brought forward, a full EUR 6 million was attributable to the
former operations in the United States.

Now that all the former financial burdens have been eliminated, the
Company’s existing potential and good market position should in future lead
to positive results: First, various cost-cutting measures were resolved
that affect all areas of the Company and will be brought to bear all the
more vigorously in second-half 2008. Second, as initiated by the Management
Board in 2007 and brought to bear using our own resources, the Company’s
strategic realignment should now prove a positive stimulus to business. The
primary goal has been to lock into new areas of business in order to
broaden our business base and stabilize earnings. Since the measures were
first implemented in the course of last year they did not trigger
significant revenues in 2007.

The complete consolidated annual financial statements for business 2007
will be released soon. The Company’s Annual General Meeting will take place
on August 27, 2008.

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Information and Explaination of the Issuer to this News:

Short portrait:
313music JWP AG produces and releases music recordings with various
artists, acquires recordings by other producers and exploits them.
The Company is listed in the Prime Standard segment in Frankfurt.


Contact for further information:
Thomas M. Stein, CEO, T: +49 89 9509490, F: +49 89 95094920,
contact@313jwp.de
www.313jwp.de



DGAP 14.07.2008 
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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
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