DGAP-News: Balda AG: Balda AG announces:


Balda AG / Key word(s): Miscellaneous

11.02.2008 07:30


Balda AG announces:

– Balda AG has complied with all of the obligations established by the

sale of the European Infocom-business and will keep on doing so

– Balda AG has made the contractually agreed payments to KS Plastic

Solutions group and has, by doing so, secured salaries and wages

– Balda AG is shocked, that KS Plastic Solutions group denies its

employees salaries and wages without any obvious reason

– Balda AG has no evidence at all, that parts of KS Plastic Solutions

group are under any form of financial distress

On February 9, 2008 an article appeared in Neue Westfälische Zeitung under

the header ‘Balda zahlt die Löhne nicht’ (‘Balda does not pay the wages’);

this article refers to speculations with respect to the European Infocom

business acquired by KS Plastic Solutions GmbH. The article has been taken

up by several media. We would like to take the opportunity to point out

that Balda AG has complied with all its obligations from the sale and will

keep on doing so in future.

‘We do not know what is happening at KS Plastic Solutions group, but we are

shocked that they denied their employees salaries and wages. We have no

evidence at all, that parts of KS Plastic Solutions group are under any

form of financial distress. Au contraire, to our knowledge they have

sufficient liquidity to pay their salaries and wages; particularly with

regard to the funds we have transferred’, says Joachim Gut, the Chairman of

the Managing Board of Balda AG. ‘We have done everything possible to

provide the personnel with a positive outlook for the future. We wanted to

take swift action as uncertainty is bad for the employees and is bad for

business.’ Balda AG has made the contractual payments to KS Plastic

Solutions group on time and has, by doing so, secured salaries and wages.

* * *

Company profile Balda AG

The internationally operating Balda Group develops and produces highly

integrated devices comprising plastic, metal and electronic components as

well as touch sensors. Among the customers of the SDAX listed company are

international brand-names from the mobile telephony industry, medical

technology and various related markets.

The integration of plastic and touch screen technologies creates completely

new customer benefits. Only Balda currently offers both technologies from

one source on a global scale. The group has a strong position in the

important growth markets China and India and owns four production

facilities in the region. Plants in Brazil and in Malaysia, as well as the

facility in Germany for Balda Medical, underline the global competitiveness

of the group of companies.

* * *

If you have any questions please contact: Balda AG, Clas Röhl, Phone: +49

5734 922 2728, Fax: +49 5734 922 2691, Mail: croehl@balda.de, Internet:


* * *

This press announcement includes ‘forward-looking statements’ which are

based on the current expectations of the management of Balda. They are

subject to risks and uncertainty because they relate to events and depend

on circumstances that will occur in the future, such as, for example,

developments in the mobile communications industry, changes in technology

and the ability to timely and successfully develop new products and various

other factors. Balda does not undertake any obligation to update publicly

or revise forward-looking statements except to the extent legally required.

This press announcement is not an offer of securities for sale or a

solicitation of an offer to purchase securities in the United States or

elsewhere. The shares in Balda AG (the ‘Shares’) may not be offered or sold

in the United States or to or for the account or benefit of U.S. persons

(as such term is defined in Regulation S under the U.S. Securities Act of

1933, as amended (the ‘Securities Act’)) unless registered under the

Securities Act or pursuant to an exemption from such registration. The

Shares have not been and will not be registered under the Securities Act.

11.02.2008 Dissemination of a Corporate News, transmitted by DGAP –

a company of EquityStory AG.

The issuer is solely responsible for the content of this announcement.

DGAP’s Distribution Services include Regulatory Announcements,

Financial/Corporate News and Press Releases.

Media archive at www.dgap-medientreff.de and www.dgap.de


Language: English

Company: Balda AG

Bergkirchener Str. 228

32549 Bad Oeynhausen


Phone: +49 (0) 57 34 / 9 22-0

Fax: +49 (0) 57 34 / 9 22-2604

E-mail: info@Balda.de

Internet: www.balda.de

ISIN: DE0005215107

WKN: 521510

Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr

in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart

End of Announcement DGAP News-Service