Adera's Dutch subsidiary petition for bankruptcy

Adera's Dutch subsidiary petition for bankruptcy In the light of previous decisions to discontinue its operations in Amsterdam, a decision has been taken by the management of Adera with the effect that the Dutch subsidiary, HCM Holding, petition for bankruptcy. - The reason for these drastic measures is that the funds generated by the sale of parts of the Dutch operation would not be sufficient to engage in a normal closure of the company's operations. An additional contribution would be out of proportion to the effect of such a move, given the prevailing circumstances. Right now, it is more important that we focus our energy and resources where we intend to build our future, says Nils-Ove Andersson, Vice President and CFO at Adera. The effect of the measures above will be covered by the provisions already made for restructuring and the decision will thus have no further effect on Adera's earnings. For more information: www.aderagroup.com For further information, please contact: Nils-Ove Andersson, Vice President and CFO Mobile: +46 70 303 67 33 Rolf Jansson, CEO Mobile: +46 70 572 72 02 Adera (publ) is a consulting agency that works within two different business areas: IT-driven business- and operations development, and integrated communication. After the execution of the reorganization program, Adera will have approximately 280 employees in Sweden and in the United Kingdom. The company is listed on the O-list on the Stockholm Stock Exchange. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2001/08/24/20010824BIT00500/bit0001.doc http://www.waymaker.net/bitonline/2001/08/24/20010824BIT00500/bit0001.pdf