TIE Technologies Announces Acquisition of Mobile Apps, Inc.


NEW YORK, Aug. 24, 2009 (GLOBE NEWSWIRE) -- TIE Technologies, Inc. (Pink Sheets:TTCS) today announces the acquisition of Mobile Apps, Inc. and MobileChat, the already successful iPhone application.

TIE acquired one hundred percent of the shares of Mobile Apps, Inc. in exchange for 199,000 shares of TIE Technologies, Inc. common shares. Mobile Apps, Inc. owns the MobileChat iPhone application and is an approved application provider for Apple iTunes and the iPhone and iPod touch devices.

This key acquisition springboards TIE into the exploding mobile applications marketplace. Apple has proven this to be a very attractive and saleable product line, in fact the best Apps can become folk phenomenon. The mobile app market is expected to grow to $25 billion per year within five years, according to Juniper research. Serving MobileChat provides TIE with an immediate revenue stream and the infrastructure to deliver and market not only the MobileChat application, but also the other mobile applications under development, including TIE's Sleuth(tm), to this dynamic growing marketplace.

The next generation MobileChat version will soon be available and launched for all users. TIE plans to make MobileChat available on other mobile platforms and to introduce additional mobile applications. The line of Mobile Applications will be delivered through Whirlwind Hosting, a part of TIE's Information Technology division.

Graham Mew, TIE Technologies, Executive Vice President commented, "Mobile Apps is a great addition to TIE. Not only have we added a successful application with a strong user base and great reviews; but as part of the bigger picture we now have an immediate distribution relationship with Apple iTunes for our family of products to be accelerated to the marketplace. We are excited about our plans in this sector and as MobileApps goes from strength to strength, additional upgrades and exciting new applications will be announced and delivered."

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."

The TIE Technologies, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6435

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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