TIE Technologies Launches Next Generation Account Management System (AMS)


NEW YORK, June 24, 2009 (GLOBE NEWSWIRE) -- TIE Technologies, Inc. (Pink Sheets:TTCS) today announced the launching of a Joint initiative with ThoughtFocus Technologies (www.thoughtfocus.com) to develop the next generation of its already successful Account Management System (AMS) suite of software products.

AMS is already successfully utilized as the E-Wallet application being used by several on-line gaming worlds. The next generation AMS suite will provide a dynamic customizable and fully integrated e-store solution for the online business. An example of some of the Next Generation leading edge capabilities beyond the traditional e-commerce shopping experience is the customer loyalty point reward system. This provides a mechanism for repeat business and consumer loyalty to an online retailer. Even retailers utilizing the EBay portal will be able to leverage this application. The applications will also provide new cross marketing opportunities for retailers.

Graham Mew, TIE Technologies, Executive Vice President commented, "This new joint initiative will allow our AMS Suite of applications to become a turn-key solution for the global interactive entertainment market which is expected to grow to around $42 billion in 2010, according to the latest forecasts from DFC Intelligence. We are also excited about growing our sales channels for the next generation AMS product to serve the dynamic global e-retailer market."

ABOUT TIE TECHNOLOGIES INC.

TIE Technologies is a systems integration and telecommunications company focused on engineering and delivering innovative solutions for user's needs and challenges within the dynamic global voice, video and data communications markets. The company offers managed IT and telecommunication services to solve a myriad of complex client requirements. Services and solutions include out sourced and internal server, applications hosting, managed hosting and related systems management services, database hosting, content delivery networks, data broadcasting networks, and voice and video solutions providers. TIE Technologies (TIE) is traded on the Pink Sheets under the symbol "TTCS".

ABOUT THOUGHTFOCUS TECHNOLOGES INC.

ThoughtFocus, a product engineering & software solutions company, provides business centric IT services and products to its clients globally. ThoughtFocus with its headquarters in Milwaukee, Wisconsin, has evolved long term partnerships with clients to help them realize their business driven technology initiatives. ThoughtFocus's proven development methodology increases the efficiencies and customer satisfaction. The strategy is aligned to a two-pronged approach focusing on research and practice. This has enabled ThoughtFocus to collaborate effectively with its client's business and create dedicated centers of excellence to support the client needs.

Safe Harbor Statement

The information in this release, other than historical information, may be considered forward-looking statements within the provisions of the Private Securities Litigation Reform Act of 1995. Projection and other forward-looking statements and management expectations regarding future events and/or financial performance of the Company -- although given in good faith -- are inherently uncertain and actual events and/or results may differ materially.



            

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