Advanced Inflight Alliance AG announces acquisitions and resolves capital increase

Acquisition of Emphasis Video Entertainment Limited, Hong Kong

Munich, (PresseBox) - .
- Acquisition of Entertainment in Motion, Inc., Los Angeles
- Financing of acquisitions by a combination of capital increase and bank financing

The Board of Directors of Advanced Inflight Alliance AG (ISIN DE0001262186, WKN 126218, located at Schellingstr. 35, 80799 Munich) with the approval of the Supervisory Board today signed binding agreements with PubliGroupe AG to acquire all shares of Emphasis Video Entertainment Limited, Hong Kong (Emphasis) and also signed binding agreements with the managing partners and owners to acquire Entertainment in Motion, Inc., Los Angeles (EIM).

For decades Emphasis has been the worldwide leading provider for Asianlanguage airline rights and is currently servicing over fifty airlines with a range of Asian feature films and TV programs. The company is extremely well positioned with its Hong Kong location and key relationships with important Chinese producers, to profit from the booming Chinese aviation market in future. Its turnover is in the upper single-digit million Euro range and currently has 16 employees.

EIM was founded in 1988 and is the worldwide leading provider of independent feature films and TV programs for the airline industry. Its customer base consists of more than 120 airlines. It currently has 9 employees and several freelance employees with a turnover in the lower two-digit million Euro range.

The acquisitions of both leading independent Content Providers for Inflight Entertainment in Asia and the U.S. are a major step for the growth strategy of Advanced Inflight Alliance AG. On one side Advanced Inflight Alliance Group is significantly reinforcing its presence in the highly important growth market of the world, being represented also as a market leader in Hong Kong, the gateway to China. On the other side Advanced Inflight Alliance Group is taking a further step in strengthening the integration of rights trading within its value chain. Therefore Advanced Inflight Alliance Group is the only completely integrated service provider in the inflight entertainment.

For the partial financing of both acquisitions the Board of Directors with the approval of the Supervisory Board today made a resolution to increase the company's share capital by up to 14.28 percent by issuing up to 2,071,428 shares at the subscription price of 2.50 Euro per share. Shareholders will be granted their legal subscription right. The subscription ratio is 7:1. All shares not subscribed by the shareholders will again exclusively be offered to existing shareholders for subscription (oversubscription). Trading in subscription rights shall not take place. The subscription period will last 2 weeks. The subscription offer will be published in the Electronical Federal Gazette on May 19th, 2011. VEM Aktienbank AG will accompany the transaction.

The company will take a bank loan to secure the financing of the purchase price that is not covered by the proceeds from the capital increase. The bank loan will be at a variable interest rate and will be repaid in fixed amortization rates by June 30th, 2015.

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