PETRO WELT TECHNOLOGIES AG Addition to complaint filed in April 2015
Clarification required in connection with money flows to C.A.T. GEODATA GmbH Vienna/Moscow, November 17, 2015
The Management Board of C.A.T.oil AG, Vienna which is publicly listed on the Frankfurt Stock Exchange will soon submit a further exposition of the facts to the Vienna Public Prosecutor's Office for Combating Economic Crimes and Corruption. This statement complements the complaint formally filed on April 10, 2015, in which transactions relating to the procurement system which require further investigation were described. Today the focus of the exposition of the facts is C.A.T. GEODATA GmbH headquartered in Vienna, which is a fully owned subsidiary of C.A.T. oil AG. The company C.A.T. GEODATA GmbH was founded in December 2007 for the purpose of providing geotechnical and geoseismic services. In 2012 business operations were terminated after a double digit million euro operating loss was generated in a four-year period. The financing of this company by C.A.T. oil and the use of the financial resources are in need of further investigation. The Managing Directors of this company were Ronald Harder and Edward Brinkmann.
Contact: Scholdan & Company Bernhard Grabmayr
+43-1-513 23 88-0
presse@catoilag.com
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