Since December 2007 the Company has been involved in discussions and subsequently in legal proceedings with SAMAR B.V. All claims in the summary proceedings were instantly dismissed at the court hearing of February 15, 2008.
Notwithstanding the foregoing and against all expectations, the court of Haarlem decided on July 7, 2010 to grant all claims by Samar. TIE currently foresees a negative impact on the fourth quarter results amounting to 766K. Management is currently investigating its options, and expects to file an appeal on the short term.
Profile TIE
TIE (NYSE Euronext: TIE Holding) delivers innovative web centric, software based solutions that enable all trading partners in the supply chain to work seamlessly together on the major E-commerce processes of marketing, sales and fulfillment. With its TIE Kinetix concept, it provides a Total Integrated E-commerce process, embracing three innovative platforms for Business Integration (including e-invoicing, XML/EDI data synchronization), Content Syndication and E-commerce. The Total Integrated E-commerce solutions minimize the energy needed for a transaction lifecycle throughout the supply chain giving organizations the advantage to reduce cost and maximize revenue and profit.
TIE has more than two decades of experience in developing and implementing E‑commerce standards. TIE is a listed company with offices in the United States, Australia, France and the Netherlands.
Further information:
TIE Holding N.V.
Jan Sundelin, CEO
Antareslaan 22-24
2132 JE Hoofddorp
The Netherlands
T: +31-20-658 93 33
F: +31-20-658 90 01
E: info@TIEHolding.com
W: www.TIEHolding.com