Dear Business Partners,
> with deepest regrets we herewith must let you know that we have been
> forced to file bankruptcy today.
> This is based on the developments of the recent weeks during which we have
> tried everything to avoid this step by downsizing our staff, restructuring
> all distribution methods and channels, negotiating with third parties,
> particularly with several groups of possible investors, yet - sadly - to
> no avail. All our attempts to find any other means to keep afloat in times
> of collapsing markets have remained unsuccessful. Since it has not been
> possible to reach possible solutions and it has become obvious that we
> were no longer able to stay in business when relying on our own strength.
> We expect the relevant court to name a receiver within the very future. We
> do hope that jointly with that receiver we may be in a position where
> EFA´s key business areas can be saved and restructured. However, it is
> unclear if our desire to reestablish EFA will be rewarded by the
> receiver´s perspective.
> We thank you for all the years of cooperation and the trust in EFA.
> Yours sincerely
> EFA Medien GmbH