GZIRA, Republic of Malta, Oct. 19, 2006 (PRIMEZONE) -- Tribeworks, Inc. (OTCBB:TWKS) announced that its principal subsidiary, Atlas Technology Group (Atlas TG) and the Malta Ministry for Investment, Industry and Information Technology, signed a Letter of intent to jointly develop "Atlas University" -- the country's first high technology training center.
The joint project, "Atlas University," as the company is calling it, will be the first of its kind for the Maltese government, and will train IT professionals to meet the demanding needs of IT support worldwide. With Malta's growing IT economy, thousands of highly trained IT personnel are projected to be needed in the coming five years, especially with projects like Smart City, (a pending joint development between Malta and Dubai's Internet City) under development.
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), officially announced the launch of Atlas TG's operations as a software application support provider, at the Hilton Hotel, St. Julians, Malta on 18 September, 2006.
Ms. Isabelle Bonello, Manager, Malta Information Society Secretariat, states: "The Ministry for Investment, Industry, and IT would like to officially declare its intent to collaborate with Atlas Technology Group in developing a custom educational programme which will supply suitably qualified employees to the same company."
"Atlas University" will offer a highly structured set of technical and operational IT courses, specifically focused on IT management and support. Designed around management's 25-year experience in supporting worldwide IT infrastructures for firms such as JP Morgan and Microsoft, the center aims to offer best-of-breed support practices and offer certifications upon completion.
Angelique Zammit Gatt, Director of HR for Atlas TG, states: "This is an important day for Atlas TG and for Malta, as it confirms this company's dedication to hiring and supporting Maltese people, together with the serious commitment of the Maltese Government to educate and train the next generation of IT support professionals."
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 proprietary process and monitoring systems, from its primary data center in Seattle 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.