SOURCE: EuroTrust A/S

May 04, 2006 09:12 ET

EuroTrust Sells Three Mobile TV Production Vans

Prisma AB Acquires Vans, Brand Name and External Customers

COPENHAGEN, DENMARK -- (MARKET WIRE) -- May 4, 2006 -- EuroTrust A/S (NASDAQ: EUROD) today announced the sale of three of its seven mobile television production vans, its Prime Vision brand name and the external customer base of Prime Vision to Prisma AB, a Swedish firm that is one of Europe's largest live broadcast companies.

Aldo Petersen, CEO of EuroTrust, said, "As part of our new focus on our property development and wind energy businesses that resulted from our acquisition of Aktiv Gruppen, we have examined all of our assets in the context of how they support that business model. Since that part of our Broadcast division that contracted the use of mobile production vans to third party customers was not profitable, we decided to dispose of those surplus assets and to use the proceeds in our property development and wind energy businesses. Our remaining mobile production vans will be used to support our cable/satellite network. With the sale of these surplus vans we have improved the attractiveness of our Broadcast division."

About EuroTrust A/S:

EuroTrust owns European property and property development businesses; wind energy farms; and a Danish cable/satellite television network. More information about EuroTrust and its subsidiaries is available at www.eurotrust.dk

Statements in this announcement other than historical data and information constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements involve risks and uncertainties that could cause EuroTrust 's actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, general economic, political and labor conditions that might impact the operations of Danish television broadcasters, property development companies and wind energy businesses. More information about potential factors that could affect the company's business and financial results is included in EuroTrust's filings with the Securities and Exchange Commission, including in the company's Annual Report on Form 20-F for the year ended December 31, 2004 and reports on Form 6-K. EuroTrust undertakes no obligation to update any of the forward-looking statements after the date of this press release.

Contact Information

  • EuroTrust Contact:
    Aldo Petersen
    EuroTrust
    +45 3954 0000
    Email Contact