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TIE Holding N.V. (AMS:TIE) TIE Holding N.V. ("TIE") hereby announces that it has reached a settlement agreement with RetailConnect B.V. and as a result thereof the legal procedure has been dropped.
All shareholders of RetailConnect agreed to liquidate the company. TIE currently owns 33% in the company. The carrying value of RetailConnect B.V. has been impaired to nil in 2003. The financial implications are consistent with the statement made in the third quarter results.
Profile TIE Master Data Management Software Company TIE (NYSE Euronext: TIE Holding) bridges the gap between online and traditional business. TIE helps industry and supply chain partners to achieve electronic business collaboration with solutions in the traditional and upcoming markets like Data Quality Management, e-Invoicing, Master Data Management and Digital Channel Communications. Our solutions are proven to lower costs, increase revenue and optimize business processes. Because we have decades of experience to share, TIE remains a key contributor to the development and implementation of global eCommerce standards. TIE is a publicly held company with offices in the United States, 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@TIEglobal.com W: www.TIEglobal.com
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