VITA 34 International AG restructures management team after returning to the black
VITA 34 International AG / Change of Personnel 19.10.2009 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- * Dr. Eberhard Lampeter remains CEO of the company * Streamlined structure aimed at further increasing profitability * Jörg Ulbrich takes charge of Finance at VITA 34 International * Marketing and Sales to be realigned Leipzig, October 19, 2009. VITA 34 International AG (ISIN DE000A0BL849), the parent company of the leading umbilical cord blood bank in the G/S/A region VITA 34, has decided to restructure its management team after successfully returning to the black. This move is to lay the foundations for further increasing profitability in the coming years. Dr. Eberhard Lampeter, founder and CEO of VITA 34 AG, will continue to head the company. Finance will be headed by Jörg Ulbrich in the future. Mr. Ulbrich was in charge of Administration at VITA 34 up to now and therefore has an in-depth insight into the company. The previous CFO, Peter Boehnert, has requested to leave the company from October 31, 2009. He is now looking for a new challenge elsewhere. He leaves on good terms after successfully implementing cost reduction measures which were launched in mid 2008. The VITA 34 International AG Supervisory Board agreed to his request and would like to thank Mr. Boehnert for his outstanding work. It would also like to wish him all the best for his future career. Oliver Papavlassopoulos has also announced that he will be stepping down from his position as Chief Marketing Officer on October 31, 2009. He is planning to work on a self-employed basis in the future. In the last few years, he has been highly successful in paving the way for VITA 34's internationalization. The Supervisory Board would like to thank Mr. Papavlassopoulos for his successful work and wishes him all the best for his future plans. The new appointments in this area of the company represent a careful realignment of Marketing and Sales, and these measures are to create a better benefit-cost ratio. The overall aim is to support further earnings increases in the coming years. After its highly successful development in the first three quarters of 2009, VITA 34 is confirming its forecast for the full year. The leading private umbilical cord blood bank in the G/S/A region is expecting to reach or even beat its stated objective of at least breaking even at EBIT level this year. Further increases in all earnings figures are expected for 2010. Contact: Axel Mühlhaus Dr. Sönke Knop edicto GmbH Zeißelstraße 19 D-60318 Frankfurt Tel.:+49 (069) 90550550 Fax: +49 (069) 90550577 eMail: vita34@edicto.de 19.10.2009 financial News transmitted by DGAP --------------------------------------------------------------------------- Language: English Company: VITA 34 International AG Deutscher Platz 5a 04103 Leipzig Deutschland Phone: +49(0341)48792-40 Fax: +49(0341)48792-39 E-mail: info@vita34.de Internet: www.vita34.de ISIN: DE000A0BL849 WKN: A0BL84 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, München, Hamburg, Stuttgart End of News DGAP News-Service ---------------------------------------------------------------------------