Annual Report 2010: TIE: Publication of Annual Report and agenda for the annual General Meeting of Shareholders

TIE Holding N.V. (“TIE”) reports that it has published the Company’s 2010 Annual report on the Company's website. Additionally, the invitation for the annual shareholders meeting including the agenda and the explanatory notes thereto, will be published on the website today.

Total Income for the year amounts to € 11,013k (2009: € 11,190k), Operating Income amounts to €-1,386k (2009: € 759k) and Total Comprehensive Income net of tax amounts to € -1,765k (2009: € 540k). The net cash flow for 2010 from operating activities amounts to € 841k (2009: €568k), normalized for one-time expenses € 396k (2009: € 568k).

Reappointment Jan Sundelin

The Supervisory Board expresses its intention to reappoint Jan Sundelin as member of the Management Board of TIE Holding N.V.. The compensation policy for Jan Sundelin will not be amended.
 
General Meeting of Shareholders
TIE Holding N.V. invites all shareholders to attend the annual General Meeting of Shareholders, which will take place on Wednesday March 16th, 2011 at 10:00h in Hoofddorp. The agenda and the explanatory notes thereto, including the information regarding the reappointment of P.P. van Schaick as member of the Supervisory Board for an additional period of four years and the amendments of the Articles of Association, will be published of the Company’s website. All documents with regard to the annual shareholders meeting can also be obtained free of charge at the office of TIE Holding N.V., Antareslaan 22-24, 2132 JE, Hoofddorp, The Netherlands.
 
Currently, the number of outstanding shares and voting rights amounts to 82,201,804. The Company’s authorized share capital amounts to € 20 million, consisting of 200 million (2009: 200 million) ordinary shares with a nominal value of € 0.10 each.

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

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