With effect as of Oktober 21, 2010 Joachim Voss, Managing Director der WestLB AG, Düsseldorf, has decided to stand down as a member of the Supervisory Board of technotrans AG.
Mr. Voss belonged to the Board since 1996. The members of the Board of Management and the Supervisory Board thank Mr Voss for fourteen years of constructive support and involvement, initially in his capacity as member of the Advisory Council and then, following the initial public offering in 1998, as Deputy Chairman of the Supervisory Board and Chairman of the Audit Committee of technotrans AG.
For the period remaining until the next Shareholders' Meeting in May 2011, by recommendation of the Board of Management and the Supervisory Board the local court is to be requested to appoint Dieter Schäfer (58), amongst others former Member of the Board of Management of IWKA Aktiengesellschaft, Karlsruhe, to the Supervisory Board. It is planned to have this appointment confirmed by the next Shareholders' Meeting.
These press releases contain forward-looking statements which are based on assumptions and estimations by the management board of technotrans AG. Even though the management board is of the opinion, that those assumptions and estimations are realistic the future development and the projected results may deviate substantially from the forward-looking statements. Those deviations can be due to several factors including but not limited to changes in the macro-economic situation, in the exchange rates, in the interest rates and in the graphic arts industry. technotrans AG gives no warranty and does not assume the liability for any damages in case the future development and the projected results do not correspond with the forward looking statements.