August 17, 2011 - Hoofddorp, The Netherlands

TIE Holding N.V. (“TIE”) reports the results with regard to the Third Quarter 2011 (April 1, 2011 – June 30, 2011)

Business Results:
Third Quarter 2011 Total Income amounted to € 2,548k (Q3_2010: 2,783k). Operating Income Q3_2011 amounted to € 89k (Q3_2010: € -58k) and Comprehensive Income amounted to € 10k (Q3_2010: € 2k).
For the nine months of 2011 Total Income amounted to € 7,987k (9M_2010: € 8,400k), Operating Income amounted to € 299k (9m_2010: € -292k) and Comprehensive Income amounted to € 49k (9m_2010: € -221k).

CEO Jan Sundelin said: “The launch of our new Business Integration solutions eVision 6.0 for the US market and SmartBridge for the European market in May will start to contribute to our growth during the coming quarters. The first orders for both BI solutions have been booked. These new Business Integration solutions are offered not only as a license offering but also as a SaaS solution in all our markets, creating more sustainable revenue.

In the meantime various new SaaS projects were sold during the quarter and will be delivered in the coming quarter. The SaaS revenue will be recognized after the projects have been delivered.
We will continue to move the Company into the new market of Content Syndication and into the growing market of E-commerce, which will add more SaaS revenue in the coming years”.

Since April 1, 2011 and up to this moment the Company reports the following highlights:

TIE Kinetix Business Integration
On April 26, 2011 the Company announced that the French division of TIE has signed a three year contract with ADEC, a French bailiffs association with a value of € 1 million. TIE has been providing Business Integration products and services to ADEC for over 10 years now and will continue to do so for at least the next three years.

TIE Kinetix E-commerce
On April 28, 2011 the Company announced that TIE and Newco Food Retail N.V. (“NFR”) have entered into a strategic partnership to develop and market an innovative product suite for online food retail. The partners will co-develop a new generation of E-commerce solutions for fresh food including personalized food management tools build on TIE’s state-of-the-art E-commerce solution. Part of the agreement is a 2 year SaaS-contract with a total value of € 250k.

TIE Kinetix Business Integration, Content Syndication and E-commerce
On July 4, 2011 the Company announced that is has signed a three year contract with Quantore. It is expected that the contract will result in € 1 million total revenue over the next three years. Quantore is the largest stockholding purchase and sales organization of office supplies in the Benelux and is one of the most important players in the office supplies market. Quantore is a customer using the Business Integration Platform and Content Syndication Platform provided by TIE. The contract has been expanded with the E-commerce Platform, which enables Quantore to offer its member their own webshop. With the expansion, Quantore now uses all three Platforms of TIE, which form the Total Integrated E-commerce concept.

Product Solutions:
TIE Kinetix Business Integration
On May 8, 2011 the Company announced in the US that the American division of TIE released eVision 6.0, an update to its Business Integration Platform. The new release of TIE Kinetix eVision 6.0 helps customers to respond to increased productivity, superior B2B integration, and enhancements to the web-based E-commerce domain.

TIE Kinetix Business Integration
On May 17, 2011 the Company announced a new release in the TIE Kinetix Business Integration Platform. TIE Kinetix SmartBridge is the next generation of the TIE Messaging Portal (TMP), offering additional functionality, improved performance, convenient dashboard and improved customer experience.

TIE Kinetix E-commerce
On July 7, 2011 the Company announced that it has formed a strategic alliance with Gothia B.V.. Gothia B.V is a subsidiary of Gothia Financial Group, a substantial provider of invoice administration, invoice purchasing, debt purchasing and debt collection. The alliance enables TIE to integrate and resell the PayByBill solution as part of the TIE Kinetix E-commerce Platform.

On April 1, 2011 the Company reported that it placed 2,393,617 new shares following the conversion of convertible bonds amounting to € 450k. The convertible bonds were issued to the previous owners of TIE MamboFive B.V. as part of the sales purchase agreement and were converted into ordinary shares at a conversion price of € 0,188. As a result, the total number of outstanding shares amounts to 84,595,421 and due to dilution, the interest in the Company held by its Supervisory Board member Mr. P.P van Schaick has fallen below 25%.

On May 25, 2011 the Company reported its half year results: cash flow positive and profitable.

On June 28, 2011 the Company announced that an independent value proposition report, TIE Ready for Growth, made by Investablish B.V. is available and can be downloaded through the website of Investablish This report reviews the latest developments of TIE’s business and includes forward looking statements.

Financial and Cash Position:
During Q3_2011 the equity position of the Company was strengthened by the conversion of 5 Convertible Bonds amounting to a total of € 450k.
Shareholders’ Equity amounts to € 3,272k on June 30, 2011 (€ 2,663k on September 30, 2010). Equity per June 30, 2011 amounts to € 4,187k (€ 4,028k per September 30, 2010) including Convertible Bonds amounting to € 915k (€ 1,365k per September 30, 2010).

On April 1, 2011 the Company reported that it placed 2,393,617 new shares following the conversion of convertible bonds amounting to € 450k.

On June 30, 2011 the Company held a net positive cash and cash equivalents position of € 473k (September 30, 2010 € 10k). The Company has been operationally cash flow positive during the year.

Pending Litigations:
Since December 2007 the Company has been involved in discussions and subsequently in legal proceedings with Samar. All claims in the summary proceedings were instantly dismissed at the court hearing of February 15, 2008. On July 7, 2010, the court of Haarlem unexpectedly granted all claims by Samar.  In Q4_2010, TIE has paid damages. This amount may be adjusted upwards or downwards in the procedure regarding the assessment of the damages. TIE has filed an appeal and provided the court with its substantiated findings. The Company currently awaits Samar’s response.

Interim Consolidated Income Statement
For the 3 months ended June 30, 2011:

Interim Consolidated Income Statement
For the 9 months ended June 30, 2011:

Segment info:
For the three months ended June 30, 2011

For the three months ended June 30, 2010

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


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