Master Data Management Solution Software Company TIE Holding N.V. (“TIE”) listed on the EuroNext Amsterdam Stock Exchange herewith announces Jalak Investments BV guaranteeing the EUR 500k ABN AMRO Credit Facility
Jalak Investments BV, parent company to Alto Imaging Group NV which currently holds approximately 25% of the outstanding shares of TIE , has guaranteed the EUR 500k Credit Facility TIE holds with ABN AMRO bank. Under this guarantee which ends October 1, 2008 TIE is no longer required to collateralize trade debtors and has access to the full amount of the Credit Facility. Above mentioned arrangement is part of a complete refinancing package being negotiated at this moment and to be completed within a few weeks.
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