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IP Strategy AG: REPOSITIONING OF IP STRATEGY AG AND CHANGE OF COMPANY'S NAME INTO OTI GREENTECH AG

DGAP-News: IP Strategy AG / Key word(s): Mergers & Acquisitions
IP Strategy AG: REPOSITIONING OF IP STRATEGY AG AND CHANGE OF
COMPANY'S NAME INTO OTI GREENTECH AG

18.12.2014 / 08:40

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REPOSITIONING OF IP STRATEGY AG AND CHANGE OF COMPANY'S NAME INTO OTI
GREENTECH AG

Bremen, 18/12/2014

The general assembly unanimously approved the repositioning of IP Strategy
AG (the "Company") at yesterday's extraordinary general meeting.

The general assembly approved the increase of the Company's share capital
in the amount of up to
21,700,777.00 EUR up to 22,200,777.00 EUR. The management is authorized to
increase the Company's share capital via a contribution in kind
(Kapitalerhöhung gegen Sacheinlagen) of the shares in OTI Greentech Group
AG, Zug, Switzerland.

OTI Greentech Group AG is a leading international cleantech engineering
group.
In the future, the Company will operate under the name OTI Greentech AG.

The existing members of the supervisory board and the managing director
have resigned with effect from today's date. The newly appointed
supervisory board elected Mr. Alexander Lattmann (Lawyer) as chairman of
the supervisory board and Mr. Joseph Armstrong as new managing director of
the Company.

Furthermore, the management is authorized by the general assembly to issue
convertible bonds and/or bonds with warrants attached in the amount of up
to 4,000,000.00 EUR after the completion of the aforementioned capital
increase.

Contact:
edicto GmbH
Axel Mühlhaus, Werner Rüppel
[e-mail]
Phone. [phone]
Eschersheimer Landstr. 42-44
60322 Frankfurt

About OTI Greentech Group AG

OTI Greentech is an internationally leading cleantech engineering group
based in Switzerland. The company provides environmentally friendly
solutions and a patented technology for cleaning, recovery and disposal of
oil in a wide variety of applications. This includes the cleaning of tanks,
ships and industrial machinery, oil recovery and waste recycling from
industrial waste streams, soil remediation and the processing and
extraction of oil from conventional and unconventional deposits.

OTI Greentech's multiple award winning and patented ECOSOLUT(TM) products
have been used by various international shipping, oil service and waste
management companies. ECOSOLUT(TM) products are high-performance "green"
chemicals, which reduce cleaning cycles and meet more advanced health,
safety and environmental standards than traditional chemicals used in the
industry.

Contact:
OTI GREENTECH GROUP AG
Stephan Rind
Seestrasse 5
CH - 6300 Zug
Tel: [phone]
Email: [e-mail]



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18.12.2014 Dissemination of a Corporate News, transmitted by DGAP - a
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