2004-01-30: technotrans announces Letter of Intent with Baldwin has been terminated
technotrans announces...

technotrans AG announces that Baldwin Technology Company, Inc. has notified technotrans that at this time Baldwin no longer wishes to pursue the previously announced proposed sale of Baldwin to technotrans and that Baldwin has terminated the related letter of intent.

On December 12, 2003, technotrans and Baldwin announced that the parties had entered into a non-binding letter of intent whereby technotrans would acquire all of the stock of Baldwin for $2.50 per share in cash. technotrans is not willing to pay more than $2.50 per share to acquire Baldwin.

These press releases contain forward-looking statements which are based on assumptions and estimations by the management board of technotrans AG. Even though the management board is of the opinion, that those assumptions and estimations are realistic the future development and the projected results may deviate substantially from the forward-looking statements. Those deviations can be due to several factors including but not limited to changes in the macro-economic situation, in the exchange rates, in the interest rates and in the graphic arts industry. technotrans AG gives no warranty and does not assume the liability for any damages in case the future development and the projected results do not correspond with the forward looking statements.