EANS-News: C.A.T. oil AG Management proposes Petro Welt Technologies AG as the
new brand name for C.A.T. oil AG
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Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.
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Strategic management decisions/Rebranding of C.A.T. oil AG
The Management Board and the Supervisory Board propose to the shareholders to
change the company name from C.A.T. oil AG to Petro Welt Technologies AG and to
amend clause 1.1 of the Articles of Association accordingly.
The new name underlines the Company's emphasis on technological services in oil
and gas as well as the global reach of the Company. At the same time the name
relates to the seat of the Company and the stock exchange where its securities
are traded in the German-speaking area. With the new name the Company underlines
its special position in the market and its technological direction.
The name change will also settle a long-lasting litigation with Caterpillar Inc.
concerning the use of the name "CAT". A compromise agreement with Caterpillar
Inc. has been negotiated and is going to be signed shortly.
Further inquiry note:
SCHOLDAN&Comp.
Bernhard Grabmayr
office@scholdan.com
+43-1-513 23 88-0
end of announcement euro adhoc
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company: C.A.T. oil AG
Kärntner Ring 11-13
A-1010 Wien
phone: +43(0) 1 535 23 20 - 0
FAX: +43(0) 1 535 23 20 - 20
mail: ir@catoilag.com
WWW: http://www.catoilag.com
sector: Oil & Gas - Upstream activities
ISIN: AT0000A00Y78
indexes: SDAX, Classic All Share, Prime All Share
stockmarkets: regulated dealing/prime standard: Frankfurt
language: English
