3W Power Holdings/AEG Power Solutions Commissions Designated Sponsor

July 20, 2010 By Leave a Comment

ZWANENBURG, the Netherlands–(Business Wire)–
Regulatory News:

3W Power Holdings (Amsterdam:3WP) (3WP, ISIN GG00B39QCR01, WKN A0Q5SX) is the
holding company of AEG Power Solutions, a global player in power electronics.

3WPower Holdings/AEG Power Solutions has commissioned Close Brothers Seydler
Bank AG as designated sponsor for its shares. The leading German bank for this
task will therefore guarantee the liquidity required for continuous Xetra
trading (the electronic trading system of Deutsche Börse AG) of 3W Power
Holdings shares. Tradability was therefore increased from once a day, “one
auction only”, to the entire trading period of the Xetra system. Investors are
now able to continuously trade their shares in Xetra. This change is intended to
increase the share`s liquidity and create efficient trading conditions for all
existing and potential shareholders.

Designated sponsors supply the electronic trading system Xetra with additional
liquidity by providing quotes for any shares within their responsibility during
continuous trading and auctions.

Commissioning a designated sponsor is another step for 3WPower Holdings/AEG
Power Solutions towards realizing a change of the listing from Open Market to
the segment Prime Standard at Frankfurt Stock Exchange. In the second half of
2010, the company`s shares shall be authorized for a listing in the Prime
Standard in Frankfurt. The company is already listed on the Euronext in
Amsterdam.

About AEG Power Solutions
AEG Power Solutions is a world leading provider of premium power electronics. It
offers one of the world`s most comprehensive product and service portfolios in
power conversion and control, for customers spanning the infrastructure markets
of energy, telecom, lighting, transportation and general industrial sectors.
System solutions from AEG PS are designed to interface with the electrical power
grid and to offer power solutions for mission-critical applications in harsh
environments, such as power plants, offshore oil rigs, chemical refineries, and
utility-scale renewable energy plants. Since 2005, the company has developed a
full range of products for the solar energy industry, from solar inverters to
turnkey solutions. The company is investing in solutions that will enable
distributed power generation and smart micro-grids.
Renowned for engineering excellence, the company`s customers benefit from over a
century of expertise and field proven products under the AEG PS, Harmer &
Simmons, and Saft Power Systems brands.
Headquartered near Amsterdam, AEG PS generated revenue of €400 million in 2009
with more than 1,500 employees around the world.
AEG Power Solutions became a public company in 2009 following a business
combination with 3W Power Holdings Ltd. (formerly Germany1 Acquisition Ltd).
Shares in the combined company are listed on Euronext Amsterdam (ticker: 3WP).
For more information: www.aegps.com

This communication does not constitute an offer or the solicitation of an offer
to buy, sell or exchange any securities of 3W Power. This communication contains
forward-looking statements which include, inter alia, statements expressing our
expectations, intentions, projections, estimates, and assumptions.These
forward-looking statements are based on the reasonable evaluation and opinion of
the management but are subject to risks and uncertainties which are beyond the
control of 3W Power and, as a general rule, difficult to predict. The management
and the company cannot and do not, under any circumstances, guarantee future
results or performance of 3W Power and the actual results of 3W Power may
materially differ from the information expressed or implied in the
forward-looking statements. As a result, investors are cautioned against relying
on the forward-looking statements contained herein as a basis for their
investment decisions regarding 3W Power.

3W Power undertakes no obligation to update or revise any forward-looking
statement contained herein.

Media relations:
Claire Pairault:
Tel: + 33 (0)6 19 60 91 64
or + 33 (0)1 55 51 10 76
claire.pairault@aegps.com
or
Lorie Lichtlen / Robert Ba
Burson-Marsteller
Tel: +33 (0)1 41 86 76 76
lorie.lichtlen@bm.com / robert.ba@bm.com
or
Investor relations:
Jeffrey Casper
Tel: +44(0) 77 91 129 053
or +31(0) 61 09 75 830
or
Christian Hillermann
Hillermann Consulting
Tel: +49 (0)40 32 02 79 10
jeffrey.casper@aegps.com
office@hillermann-consulting.de

Copyright Business Wire 2010

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Jackson family fuming over “This Is It” movie

September 19, 2009 By Leave a Comment

New York, Sept 18 (ANI): They might have allowed release of Michael Jackson’s ‘This Is It’ movie, but the late singer’s clan fears the movie is ‘propaganda’ for promoters trying to prove he was healthy enough to perform 50 concerts.

Joe Jackson had said in July, “Michael told me himself that he agreed to 10 shows. But they went and added all these other shows. I was worried about his health.”

However, promoter AEG maintained that the Thriller hitmaker was absolutely fit.

According to the sources, Jackson family privately fear it will be edited to exonerate the concert promoters, AEG Live.

“They believe the movie only includes the best clips of Michael’s final rehearsals. He supposedly looks fit, together and excited,” the New York Post quoted a source as saying.

“The family can’t speak out because money will be paid to the trust, but privately, they fear the movie is propaganda to back AEG’s argument that Michael was healthy and wasn’t being exploited,” the source added. (ANI)

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Screen Actors Guild bosses ban members from being part of MJ’s docu

August 30, 2009 By Leave a Comment

London, Aug 30 (ANI): The feature length documentary on Michael Jackson being made by Sony has been hit with controversy, as union bosses at the Screen Actors Guild (SAG) have warned members not to be part of the project.

They claim that film’s producers have not agreed to the minimum basic terms and conditions for performers and background actors employed on the project, the Daily Express reports.

A statement from the union reads: “Guild members are reminded of their obligation not to accept employment on any non-signatory project, as well as their obligation to confirm with the guild that a project is signatory. Employment on any non-signatory project within the guild’s jurisdiction may subject a member to a Rule One violation.”

The film is set to feature behind-the-scenes footage of the King of Pop during his rehearsals for his comeback This Is It concert, which Sony had purchased from concert promoters AEG Live.

However, the union did not have jurisdiction over the footage.

Sony has planned to release it on 28 October and run it in theatres for two weeks worldwide. (ANI)

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MJ’s ‘This Is It’ comeback concert contract leaked online

August 21, 2009 By Leave a Comment

London, Aug 21 (ANI): The contract for late King of Pop Michael Jackson’s ‘This Is It’ comeback concert has been leaked online, with documents confirming the tragic star had no “known medical problems” which would have jeopardised the London shows.

The contract with tour promoters AEG, obtained by RadarOnline, stated the star had no “known health conditions, injuries or ailments that would reasonably be expected to interfere with Artist’s first class performance at each of the shows during the term,” reports the Daily Express.

The documents also reveal that singer did in fact agree to play more than the original 10 concerts, but stipulated that he would perform no more than “3.5 times” during a seven-day period.

The papers also dismiss rumours that Jackson was too frail to perform his full set.

Many internet gossips speculated he was only contracted to appear on stage for a small portion of each gig, but the contract states he was obliged to perform for at least 80 minutes at each show.

Jackson signed the documents on behalf of his company, The Michael Jackson Company LLC, and as the artist, Michael Jackson, while AEG Live CEO Brandon Phillips also signed the contract. (ANI)

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MJ’s mum plans to sue his gig promoters

August 19, 2009 By Leave a Comment

London, August 19 (ANI): Michael Jackson’s mother is reportedly planning to file a lawsuit against the concert promoters of her late son, believing them to be responsible for her son’s death.

Katherine Jackson apparently thinks the music legend was killed by the pressure to perform for the 50-show run in London.

She may also sue the singer’s personal physician Conrad Murray, who is the focus of a manslaughter probe, after he admitted administering the sedative Propofol via an IV drip to help the King of Pop sleep.

“The possibility of a wrongful death action has been floated,” the Daily Star quoted family lawyer Burt Levitch as saying.

“Dr Murray’s name has been floated because he is under investigation,” he added.

A spokesman for concert promoters AEG said: “It would be inappropriate to speculate on any potential litigation.” (ANI)

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Jackson family may front one-off London tribute gig

July 15, 2009 By Leave a Comment

London, July 15 (ANI): Late King of Pop Michael Jackson’s family may front a one-off concert in London in honour of the ‘Thriller’ star.

Randy Phillips, organiser behind the late star’s planned comeback tour, revealed talks were on the table if Janet Jackson and her brothers would feature in the proposed show.

The chief executive of AEG said that he was “confident” of soon reaching a decision as to whether the special performance would go ahead on August 29.

“The number one item I’m discussing is presenting This Is It the production, hopefully with the Jacksons and maybe Janet, and other artists,” Sky News quoted Phillips as saying.

“We have to make some hard decisions this week otherwise it will be too late to even contemplate doing anything on the 29th,” he added.

He continued: “What we’re thinking about is one massive tribute that’s broadcast around the globe.”

Jackson was due to kick start his 50-show run at London’s O2 Arena this month.

He died aged 50 on June 25 from an apparent cardiac arrest at his rented LA mansion. (ANI)

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Jackson fans outraged over touts flogging funeral tickets online

July 6, 2009 By Leave a Comment

London, July 6 (ANI): Michael Jackson’s fans have lashed out on touts looking to make big bucks online by auctioning the free tickets won in the lottery for the King of Pop’s funeral tomorrow. ellers sparked outrage after flogging seats on websites, such as eBay, for the send-off at Los Angeles’ Staples Center.

“It’s totally out of order and against the spirit of the whole event,” British tabloid The Sun quoted one outraged Julian Nelson as saying.

He added: “I was gutted not to get a ticket. But it’s worse knowing others did and all they care about is making a quick buck. The touts should be ashamed. You just don’t get lower than trying to make money off a person’s death.”

Another Jackson fan Matt Blank said: “It’s disgusting.”

Organisers AEG Live, who own the Staples Center, said that they were trying make sure that genuine fans got tickets, but confessed that they could not guarantee the move.

Spokesman Michael Roth said: “The system we’ve come up with is the most ideal we know of. Firstly, not everyone has been notified yet they were successful in getting a ticket. Secondly, the person who applied for the ticket MUST be the one who picks up the pass and the wristband. They will be given another loose wristband which they then can choose who to give to.” (ANI)

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Led Zeppelin may fill Jackson’s 50-show O2 run with ABBA

July 4, 2009 By Leave a Comment

London, July 4 (ANI): ‘Led Zeppelin’ have apparently been approached to alternate shows with Abba, and fill in for the 50-show run previously planned for Michael Jackson at London’s O2 arena.

AEG Live, promoters for the late King of Pop’s slated comeback tour, were said to be trying hard to woo both the bands to reform.

“Only Michael Jackson could sell out 50 nights at such a big arena, but Led Zeppelin and Abba combined might just rival him. There is huge money on the table,” British tabloid The Sun quoted a source as saying.

Jackson was due to begin his ‘This Is It’ gigs on July 13.

His sudden death on June 25 has left the organisers facing a multi-million pound black hole, if they are unable fill the slots. (ANI)

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July 3, 2009 By 3 Comments

Staple Center – 2009 Staplescenter – Staples Center Los Angeles – Michael Jackson Memorial Tickets – Staples Center Michael Jackson – staplescenter.com/premiumseating – Michael Jackson Funeral Tickets – cpr aeg 10002 submit jackson – Michael Jackson Memorial Tuesday at Staples Center – www.staplescenter.com

Michael Jackson Memorial Tuesday at Staples Center

Fans of the King of Pop will get a chance to pay their final respects to the entertainer, at the Los Angeles Staples Center, Tuesday. AEG, the concert promoters behind Jackson’s ill-fated ‘This is It Tour,’ announced that it will distribute 11,000 tickets to the event free of charge.

Staples Center has been chosen as the venue for an official public Michael Jackson Memorial, scheduled to be held Tuesday, July 7 at 10 am. The event will also be simulcast on screen at the Nokia Theatre at LA Live! across the street. Free tickets to both venues will be distributed in a random drawing. You must register at StaplesCenter.com by 6 pm Saturday, July 4th to have your name placed in the drawing. 8750 names will be drawn to receive 2 free tickets each to either Staples Center or Nokia Theatre. You must have a ticket to be admitted to the venue area. There will be NO broadcast on the outside screens. The family has announced that there will NOT be a funeral procession. The service will be broadcast live on local television stations.

For more information and to register visit www.staplescenter.com

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Michael Jackson to be buried in LA on July 7

July 2, 2009 By Leave a Comment

London, July 2 (IANS) The last rites of pop legend Michael Jackson, who died following cardiac arrest last week, would be conducted in Los Angeles next Tuesday, according to thesun.co.uk.

The funeral will be held at Los Angeles’ Staples Center, which is owned by AEG Live, the event management company behind the singer’s comeback tour at London’s O2 arena.

Proceedings of Jackson’s funeral will begin at 10 a.m.

According to sources, AEG will put up gigantic screens outside the facility for the thousands of fans who will not be able to get inside to see the funeral proceedings.

Earlier reports suggested that Jackson’s family was opting for traditional Islamic burial rituals for the late pop legend.

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Jacko often forgot to eat and had to be ‘force fed’ while preparing for O2 gigs

July 2, 2009 By Leave a Comment

London, July 2 (ANI): One of Michael Jackson’s closest confidants has revealed that the star was so immersed in his preparations for his O2 Arena comeback gigs that he often forgot to eat, and had to be “force fed”.

If AEG Live boss Randy Phillips is to be believed, Jackson’s calorie intake had fallen to dangerously low levels in the days before his death.

The promoter behind the 50 shows at the O2 Arena also said that he and director Kenny Ortega often cut Jackon’s food up into bite-sized potions so that he could be fed quickly.

However, despite trying their level best to keep Jackson healthy, the ‘Thriller’ hitmaker survived on just one meal a day.

Phillips revealed that Jackson continued his gruelling rehearsal schedule eating meagre portions of his favourite dishes-vegetarian lasagne, steamed broccoli, nut loaf or tofu with chilli sauce.

“He used to forget to eat because he was so focused and Kenny Ortega and I used to cut up his food and physically feed him,” the Mirror quoted Phillips as saying.

The promoter was with Jacko at rehearsals the morning of his cardiac arrest.

He revealed: “He did a three-hour rehearsal and we all finished up at 12.30am on Thursday morning. He was really excited. He was super-charged and did a group hug with the director Kenny Ortega and his manager. He was like a kid in the candy store – he was so up for it.”

He added: “I walked him out to the car and he put his arm around me and, speaking softly like he always does, he said to me: ‘Do you know what – we are here, we are going to make it. I love you for doing this and now I know I can do it.’ That was the last thing he said to me and I never heard from him again.”

Just hours later Jackson, 50, was found dead in his exclusive Holmby Hills home after suffering a massive heart attack. (ANI)

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Jacko’s family rule out public viewing at Neverland Ranch

July 2, 2009 By Leave a Comment

London, July 2 (ANI): Late King of Pop Michael Jackson’s family have declared that they will not be having a public viewing of the superstar’s body at the Neverland Ranch.

The family’s publicist Ken Sunshine announced that there would be a public memorial for the fallen King of Pop, but it would not be held at his famed Ranch.

“Contrary to previous news reports, the Jackson family is officially stating that there will be no public or private viewing at Neverland,” British tabloid The Sun quoted the statement as saying.

It added: “Plans are underway regarding a public memorial for Michael Jackson, and we will announce those plans shortly.”

The announcement ended days of furious speculation over whether Jackson’s fans would get to bid farewell to the pop legend at his sprawling fantasy ranch in Santa Barbara.

But online reports by Hollywood Reporter have suggested that a pubic viewing may be held next week at the Staples Center in Los Angeles.

AEG Live, owner of the sports arena, posted on their Showbiz 411 blog that they would allow the facilities to be used for the service on July 7th.

The L.A. Times also cited sources saying that plans were underway for a massive law enforcement deployment for the same day.

But the Jackson family has not uttered a single word regarding this plan.

Jackson did not make provisions for his funeral and burial in his will, which was filed in court on Wednesday.

There were reports that Jackson would be driven by motorcade from Los Angeles to a public viewing at Neverland.

Besides, there was also talk that he would actually be buried at the ranch, but the L.A. Times reported that idea was abandoned because state rules bar interment outside a cemetery. (ANI)

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ABBA approached to fill Jacko’s 50-show O2 run

July 2, 2009 By Leave a Comment

London, July 2 (ANI): Pop legends ABBA have apparently been approached to fill in for the 50-show run previously planned for Michael Jackson at London’s O2 arena.

AEG Live, the promoters for the King of Pop’s slated comeback tour, are said to be trying hard to woo the renowned band out of retirement.

“There’s a little foursome out in Sweden we keep talking to,” British tabloid The Sun quoted the firm’s chief David Campbell as saying.

Jackson was due to begin his This Is It gigs on July 13.

His sudden death has left the organisers facing a multi-million pound black hole if they are unable fill the slots. (ANI)

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Jacksons to take over London shows?

July 1, 2009 By Leave a Comment

London, July 1 (ANI): The boss of the firm promoting Michael Jackson’s 50 London shows has opened the door to the possibility of former Jackson 5 members reforming for gigs at the O2 venue.

Randy Phillips, president of AEG Live, said that he would like the King of Pop’s family members to take his place as a tribute to the late singer.

“The world needs to see it,” the Sun quoted Phillips as saying.

“It could be done as a tribute – with the family, with the brothers performing, some sisters, and the stars that were influenced by him,” Phillips added.

Phillips also indicated that the gigs could feature footage of the singer rehearsing in LA. (ANI)

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Jacko ‘was set to perform with his oldest son during London shows’

July 1, 2009 By Leave a Comment

Washington, July 1 (ANI): Michael Jackson’s 12-year-old son Michael Joseph Jackson, Jr. also known as ‘Prince’ was set to make his stage debut with his father during the tour, it has emerged.

The singer’s long-time family confidante and biographer Stacy Brown has claimed that the King of Pop was busy working behind-the-scenes with Prince who was going to both sing and dance on-stage, reports Fox News.

However, concert promoters AEG said that they had “no knowledge” that this was going to happen.

Meanwhile, Dieter Wiesner, who managed the singer, has claimed that Jackson plunged deeper into drug addiction when child sex abuse allegations piled up.

Jackson once got so doped up that he could not lift a fork to his mouth at dinner, according to Wiesner. (ANI)

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Pressure of 50-concerts killed Jacko, says his old pal

June 29, 2009 By Leave a Comment

London, June 29 (ANI): Michael Jackson’s old friend producer and TV star David Gest believes that the pressure of 50-concert schedule killed the singer.

Gest said he was angry about the influence of mysterious Lebanese doctor Tohme R Tohme, who met the King of Pop when the singer was staying in Bahrain in 2005.

“We all have weaknesses and Michael’s was that he trusted the wrong people most of the time. He thought all people were good, which they are not,” the Sun quoted Gest as saying.

Gest said that Tohme had masterminded Michael’s mammoth run of 50 comeback concerts at London’s O2 Arena, without telling the singer the full facts.

“Michael told me he was excited about getting back on stage. I told him I was proud of him. But I really believe in my heart of hearts that the pressure of those concerts killed Michael.

“He thought there were going to be ten dates as announced. But then all of a sudden Tohme, along with Randy Phillips, president of organisers AEG, had arranged 20, 30 then 50 dates.

“Michael was being told, ‘You are going to set the world record for concerts at the O2, you are going to beat Prince’s record.’

“They knew how to feed into his ego. But when Michael realised his schedule, he began to panic. It was one show after another, with hardly any days off. He should never have been tied to so many, especially a guy who dances through more than half of his set,” he added. (ANI)

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eBay to refund Jacko fans prices of O2 gigs’ tickets

June 28, 2009 By Leave a Comment

London, June 28 (ANI): Internet auction site eBay will refund thousands of Michael Jackson fans the prices of the ill-fated O2 Arena shows’ tickets.

The late King of Pop, who had been due to perform 50 dates at the London venue from July 13, died at a rented Los Angeles home on Thursday, leaving fans who had bought tickets on the secondary market site wondering whether or not they would get refunds.

“We will ensure all buyers on the site can receive a full refund for their ticket purchase,” the BBC quoted an eBay spokesman as saying.

“The sad news of Michael Jackson’s death has left fans of the King of Pop bereft. eBay is committed to ensuring that no buyer is left out of pocket as a result of the unique nature of the event,” he added.

The website further said that it would return sales commission to sellers when they refunded buyers.

As to how the exchange will work will be announced next week.

Retailer Seatwave and ticket exchange site viagogo have also announced that they would refund ticketholders.

A spokesman for AEG Live, the organiser of the 50 concerts, said:

“On behalf of the entire AEG organisation we extend our deepest condolences to Michael Jackson’s family and friends during this tragic time. Full ticket refund information and procedures will be released early next week for all Michael Jackson This Is It shows.”

He advised fans to keep hold of ticket vouchers or proof of purchase slips. (ANI)

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Macca, Beyonce, Usher ‘to perform at Jackson benefit gig’

June 27, 2009 By Leave a Comment

London, June 27 (ANI): Sir Paul McCartney, Beyonce Knowles, Usher, Justin Timberlake and Leona Lewis have been approached to perform at a concert in the honour of late Michael Jackson, according to reports.

AEG, promoters for the King of Pop’s slated comeback tour in London, were said to be working on a benefit show to give fans a chance to see renowned artists turning out in memory of the singer.iana Ross and Jackson’s nephews 3T were also said to have been in early talks for the concert, reports The Sun.

The organisers were allegedly on the look out to find replacements to fill the 20,000-capacity O2 arena previously booked for Jackson’s 50-show run.

The first 750,000 tickets for the shows flew off the shelves when they went on sale in March.

The Thriller hitmaker was due to begin his much awaited This Is It tour on July 13.

The 50-year-old icon died on Thursday. He was reported to have suffered a cardiac arrest but medics are yet to determine the cause of his death. (ANI)

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Company that persuaded Jacko for 50 ‘farewell’ gigs faces £300M liability

June 27, 2009 By Leave a Comment

London, June 26 (ANI): King of pop Michael Jackson’s death has brought AEG Live, the entertainment company that persuaded him to sign up for 50 “farewell” concerts at the O2 arena, under a liability of 300 million pounds.

According to reports, AEG Live had agreed to “self-insure” Jackson’s shows after most insurance companies expressed doubt whether the frail singer would be able to complete the residency.

A report published in Reinsurance magazine, which found that there was low demand in the London insurance market for the policy to cover all dates promoted by AEG Live, reckons that the liability could be around 300 million pounds.

The first 10 gigs are believed to have been placed on the London insurance market at a value of 80 million pounds, reports Times Online.

The report further reveals that rather than lowering expectations for the shows, the company kept saying that Jackson would present the most spectacular live show seen on an indoor stage.

Jackson’s death may have serious implications for Seatwave, the company that traded in about 10,000 Jackson tickets on the secondary market, in partnership with the O2 arena, often for a price far above face value.

A message placed on the company’s website read: “We at Seatwave are saddened by Michael Jackson’s death. Our condolences go to his family and we appreciate the great legacy he has left us.”

Meanwhile, AEG Live has announced on its official website that fans who could not make the dates rescheduled after the opening dates had been cancelled would get a full refund.

That promise will now be honoured for one million customers.

Ticketmaster, which also sold Jackson tickets, is also said to have a policy to refund the face value of the ticket as well as the booking fee. (ANI)

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More tickets for Jacko’s comeback gigs up for grabs

June 25, 2009 By 1 Comment

London, June 24 (ANI): More tickets for Michael Jackson’s comeback concerts in London are to go on sale.

The “limited” number of extra seats, estimated to cost hundreds per show, had previously been restrained while the production logistics were being tallied.

Fans who have registered on the King of Pop’s website would get into a lottery system to get their hands on the tickets, which are up for grabs from Wednesday, reports The BBC.

The singer is due to kick off his much-awaited run at the O2 arena on July 13.

The first 750,000 tickets for the 50 shows at the 20,000-capacity venue flew off the shelves when they went on sale in March.

The opening night of Jackson’s This Is It tour on July 8 was stalled and three other gigs were also pushed to March next year.

Organisers AEG Live said the Thriller hitmaker needed more time for rehearsals. (ANI)

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