"We are confident that the outcome of the trial will result in a satisfactory result for Perception. Legal advice received in Austria and Australia confirms that any judgement granted against JoWooD in an Australian court is enforceable in Austria ," stated Perception’s CEO, Ben Lenzo

"Perception does not bring about this action lightly, as we know this will destroy shareholders’ equity. However, after negotiating with the Supervisory board and Management board for the last 2 years, they have shown no desire to protect shareholders."

This civil action against JoWooD is completely separate from the criminal libel proceedings Perception issued against JoWooD CEO, Dr Albert Seidl in September 2005. That matter is still before the courts.