127th AES Convention Coverage (New York, NY Oct. 9-12)
PRESS RELEASE

CreamWare Back from Insolvency

February 13, 2004

When CreamWare Datentechnik GmbH, makers of DSP based audio products such as Pulsar and Noah, filed for insolvency in June 2003, the more than 30,000 users of CreamWare systems had reason to be concerned about CreamWare's future and the future of their products.

Things are looking better now however. According to CreamWare founder and managing director Frank Hund, "On February 1st, a new company, CreamWare Audio GmbH, will be able to continue development of existing CreamWare products, technology and customer relations. We can now finally close our insolvency chapter."

This new and fresh start of the company became possible after CreamWare Audio GmbH reached an agreement to purchase all major assets from Dirk Obermüller, the insolvency administrator of CreamWare Datentechnik GmbH.

CreamWare Audio GmbH will continue to provide technical support, repair and warranty services for CreamWare's existing user base. The new company plans to exhibit and introduce a new product already at the upcoming Musikmesse in Frankfurt.

For more information, visit their web site at http://www.creamware.com/.

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