DUBLIN, Ireland, Jan. 21, 2005 (PRIMEZONE) -- Trintech Group Plc (Nasdaq:TTPA) (Prime Standard: TTP), a leading provider of transaction reconciliation and payment infrastructure solutions, announced that it has voluntarily applied to revoke the admission of the Company's American Depositary Shares (ADSs) from the Frankfurt Stock Exchange, following a Board meeting yesterday.
The Company expects that the revocation will come into force three months after the publication of the revocation of admission by the Frankfurt Stock Exchange which is expected in February 2005. Accordingly, Trintech ADSs will likely be traded on the Frankfurt Stock Exchange until May 2005.
The Company has also re-affirmed its commitment to maintain its listing on the Nasdaq National Market. The Company confirmed that the decision to de-list from the Frankfurt Stock Exchange is intended to concentrate trading in the stock on one market, and reduce the complexity of reporting requirements and the costs of maintaining a dual listing.
About Trintech
Trintech is a leading provider of transaction reconciliation and payment infrastructure solutions to retailers, financial institutions, payment processors and network operators globally. Built on 18 years of experience, Trintech's solutions manage each area of the payment transaction cycle from authentication, authorization, settlement, dispute resolution and reconciliation - enabling its customers to reduce transaction costs, eliminate fraud, minimize risk, maximize cashflow and increase profitability. Trintech can be contacted in Ireland at Trintech Building, South County Business Park, Leopardstown, Dublin 18 (Tel: +353 1 2074000), in the US at 15851 Dallas Parkway, Suite 855, Addison, TX 75001 (Tel: +1 972 701 9802), and in the UK at 186-192 Darkes Lane, Potters Bar, Hertfordshire, EN6 1AF (Tel: +44 (0) 1707 827000). www.trintech.com.
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-0- Contact Details: Trintech Group Plc, Ireland: Paul Byrne, Chief Financial Officer, Trintech Group Plc. T. +353 1 207 4000 E. paul.byrne@trintech.com