ots Ad hoc-Service: FORIS AG FORIS set for further expansion

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    Berlin (ots Ad hoc-Service) -          

    1. FORIS AG (Securities ID No. 577580) records considerably increased demand for litigation financing in the third quarter. The 525 new enquiries represent an increase of 48% on the second quarter and this figure is 79% up on the number for the first quarter of the year. FORIS sees this increase as confirmation of the new participation rates set in May which were reduced to 30% of proceeds up to DM 1 million and 20% of any proceeds in excess of this figure. These rates make the offer of litigation financing considerably more attractive to customers. 2. At the same time the average litigation values in dispute are higher than ever before. Thus, the company's forecast of attracting more enquiries, particularly those relating to high values in dispute, has proved entirely correct. 3. As the fourth quarter begins, FORIS AG is extending its strategic advertising beyond the legal profession to reach the final consumer in a series of adverts in business magazines. 4. Up until the end of the third quarter FORIS AG had concluded a total of 279 litigation financing contracts. Of this number, 48 cases have been successfully concluded and settled, 32 are in settlement. 199 are at present in financing with a total option volume for FORIS AG of DM 78.7 million. In addition, the company is currently investigating a further 452 enquiries. At the end of the second quarter these totalled 360 cases. 5. The third quarter closes with a deficit of DM 3.3 million. But due to the fact that several cases are nearing conclusion and thanks to the positive trend in the sale of inventory companies, the Management Board is confident of achieving a positive annual result. 6. This third quarter saw the opening of another FORIS AG office, this time in Frankfurt Business development up to now has shown that Frankfurt is an important location for the range of services FORIS has to offer. 7. The full quarterly report will be available on the FORIS AG Internet site from 20:00 hours today.

    Further information: FORIS AG, Matterhornstr. 44, 14129 Berlin, Tel: +49 (0)30-8048640, Fax: +49 (0)30-80486424, EMail:, Internet:

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