VALLETTA, Republic of Malta, Sept. 29, 2006 (PRIMEZONE) -- Tribeworks, Inc. (OTCBB:TWKS) announced the launching of its Malta-based software support center.
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Robert Altinger, Executive Chairman of Atlas Technology Group, together with Dr. Austin Gatt, the Maltese Minister of Investment, Industry, and Information Technology (MIIIT), and Claudio Grech, Malta's Head of Secretariat (Education), together officially announced the launch of the company's operations as an application software support provider, at the Hilton Hotel, St. Julians, Malta.
AtlasTG's operations in Malta, together with its other support centers in New Zealand and Seattle, WA, provide outsourced support services for custom software applications.
Addressing a joint press conference, Mr. Altinger - a 20-year support management veteran, who has worked in executive positions with several leading companies, including JP Morgan, Microsoft, and AvAnade (a joint venture between Microsoft and Accenture) - stated that "the company, although still in its initial stages, has already invested over $4 million in its initial start-up phase, hired many support analysts, and has signed several large, international companies as clients."
According to Altinger, "We are working closely with the Government of Malta, particularly the Honorable Minister Gatt and his senior aides, to ensure that we will be given the necessary assistance to find the required human resources and to ensure that these people will be given adequate training. We are committed to invest in Maltese employees and to give them, with the help of the Government of Malta, the necessary training to develop them into excellent IT support people."
Malta, is an independent, English speaking country located off of the Southern tip of Italy, and is famous throughout history, for its militarily strategic Mediterranean location. Malta is a full European Union (EU) Member State, and in a joint venture with the Dubai Government, has recently announced plans to open the world's second "Smart City" modeled after "Internet City" in Dubai, UAE.
Minister Austin Gatt stated, "that in synergy with Atlas's investment in specialized training, this country must and will rise to the challenge." Minister Gatt further referred to what he called "a new level of enthusiasm in the country which we have not seen since the opening of the financial services trade in the late eighties and that is gripping our country in its efforts to become the regional centre of excellence in IT."
Mr. Altinger stated, "We must stress the enormous strategic importance of this deal for the Maltese people and the country as a whole and we want to be one of the first ICT specialists to publicly declare our intention to be one of the first tenants in Smart City. We also have to point out that that Malta joining the European Union was an important consideration and the strategic benefits for investors with Malta's adoption of the Euro on January 1, 2008 also needs to be highlighted."
Atlas Technology Group, a subsidiary of Tribeworks Inc. (OTCBB:TWKS), provides outsourced software support services for clients with large IT functions worldwide. The company specializes in remotely supporting complex, custom-built applications, using best-of-breed process and monitoring systems, from state-of-the-art data centers in Seattle and Malta, in addition to providing 24x7 "follow the sun" support from centers in Malta, New Zealand, and Seattle, WA.
This release shall not constitute an offer to sell or the solicitation of an offer to buy securities to/from any person, nor there any sale of these securities in any jurisdiction in which it is unlawful to make such an offer or solicitation. A number of statements in this press release are forward-looking statements, which are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Act of 1995. These forward-looking statements involve a number of products and technologies, competitive market conditions, successful integration of acquisitions, the ability to secure additional sources of financing, the ability to reduce operating expenses and other factors described in the Company's filings with the SEC. The actual results that the Company may achieve may differ materially from any forward-looking statements due to such risks and uncertainties.
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