Another two, first and second-tier, companies of the bankrupt Helkon Media group - Helkon International Holding GmbH und Helkon International Production GmbH - filed for insolvency at the Munich Regional Court on Wednesday (October 16).

A release stated that these filings were 'a direct result of the insolvency of Helkon Media AG which was registered on August 2, 2002 and opened on October 1 and have no further consequences for the continuation of business operatons of Helkon Media AG.'

Helkon International Holding is currently a non-operative 100% subsidiary of Helkon Media and does not have any employees on its books. Helkon International Production, in turn, is a 100% subsidiary of Helkon International Holding with interests in Germany and abroad. This company does not have any staff on the payroll either.