Hess AG
Hess AG: Hess reaches first important milestone
Hess AG / Key word(s): Strategic Company Decision 27.05.2013 / 12:53 --------------------------------------------------------------------- Hess reaches first important milestone - Company's future takes shape - Foundation of a new GmbH Villingen-Schwenningen, 27. May, 2013. At Hess, one of the renowned provider of design-orientated outdoor lighting, it is worked hard on the implementation of the new concept and therefore on the future of the company. The positive news of the continuation of business operations and the company heading in the right direction was already announced at the end of April. Now, a first important milestone could be reached along this route. By founding Hess GmbH Licht + Form the future was and is initiated visibly. All sales activities will initially be bundled in the new GmbH. The operational areas will gradually be integrated into this GmbH. 'The future of Hess takes concrete shape', states a pleased Andreas R. Budde, Managing Director of Hess AG and at the same time General Manager of the newly established GmbH. 'Our customers receive through the GmbH under company law a new partner. Hess with a new livery, however, still stands for proven quality of service, competent advice all about light as well as the delivery of premium and design-orientated luminaires', so Budde. From the insolvency administrator Dr Volker Grub's perspective, the foundation of this GmbH is a logical and for the further development of the company necessary step. 'Especially municipal customers have a problem with ordering at a company undergoing insolvency proceedings', explains Dr Grub and is optimistic regarding the further development: 'By finalising the future concept and the announcement of the continuation of the operational activities, we have set the fundamental course for the company at the end of April. We are now on the right track and are gathering speed'. As already reported, Hess will concentrate its sales activities on certain core markets as well as dedicate itself more again to project-related assembly reflecting the manufacture character and aspiration for quality and design of luminaires as part of the future concept. Contact Hess AG Marco Walz Investor Relations & Communications Lantwattenstraße 22 78050 Villingen-Schwenningen Germany Phone: +49 7721 920-475 Fax : +49 7721 920-771475 Mail : marco.walz@hess.eu www.hess.eu End of Corporate News --------------------------------------------------------------------- 27.05.2013 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: Hess AG Lantwattenstraße 22 78050 Villingen-Schwenningen Germany Phone: +49 7721 920 0 Fax: +49 7721 920 250 E-mail: hess@hess.eu Internet: www.hess.eu ISIN: DE000A0N3EJ6 WKN: A0N3EJ Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, München, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 213244 27.05.2013
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