http://finanzen.net/news/news_detail.asp?NewsNr=482151 Translated -
BBS power automotive engineering places bankruptcy application 06.02.2007 16:37:00 Schiltach (aktiencheck. de CORP.) - the BBS power automotive engineering CORP. (ISIN DE0005196232/ WKN 519623), a bidder of high-value easy metal wheels, reported on Tuesday that it placed bankruptcy application on the 2 February 2007. Although to the moment of the proposal position yet outlook rich negotiations were led to the restoration of the solvency of the business, reason was for the proposal position that the company had run into earnest liquidity difficulties and the end of the proposal time period after 92 sec. 2 of the shares law before the flow stood.
Finally a solution was outlined for the restoration of the solvency of the business, that should be carried by the Großkunden of the business. The promises of the Großkunden to allocate the required liquidity through larger before maturity-payments, were given also. The conversion of the draft failed however in the night to the 6 February 2007 due to the resistance of one of the involved banks although the company had cleared the financing banks to the purpose of the continuation of the financing securities. An Auffanglösung under Ausklammerung of the relevant bank realization in the course of the current day no longer.
The share of BBS power automotive engineering notes in Frankfurt presently unchanged in 9.00 Euros. (06.02.2007/ac/n/nw)
