P R E S S R E L E A S E
Amsterdam, February 17, 2008
TIE: Claims in summary proceedings instantly dismissed at court
hearing Friday February 15th
Master Data Management software company TIE Holding N.V. ("TIE")
listed on the EuroNext Amsterdam Stock Exchange, through its subsidiary
TIE Nederland BV has been in court. On Friday February 15th summary
proceedings were held at the district court at Haarlem at the
request of SAMAR BV, alleging that TIE is in breach of contractual
obligations towards SAMAR and seeking financial relief for same.
All claims by SAMAR have been instantly dismissed as being without
merit.
Notwithstanding the preliminary character of this ruling, TIE
feels confident that all further claims by SAMAR (if any) will
be similarly dismissed.
About TIE
TIE bridges the gap between online and traditional business, and
helps industry and supply chain partners achieve electronic business
collaboration without limitations. Our solutions are proven to
lower costs, increase sales, optimize business processes, and
improve efficiency while removing the barriers to eBusiness information
exchange. Because we have decades of experience to share, TIE
remains a key contributor to the development and implementation
of global eCommerce standards. Today we are the partner that industry
leaders turn to for business-to-business success. TIE is a publicly
held company with offices in the United States, France, and the
Netherlands.
Further information:
TIE Holding N.V.
Jan Sundelin, Acting CEO
Beech Avenue 180
1119 PS AMSTERDAM (Schiphol-Rijk)
The Netherlands
Tel: +31-20-658 93 33
Fax: +31-20-658 99 02
e-mail: info@TIEglobal.com
Web site: www.TIEglobal.com