AND now has 125 employees; 100 are located in India and 25 at the headquarters of AND International Publishers N.V. in Rotterdam. The new organizational structure is expected to form a solid foundation for profitability in 2003.
Moreover, the enterprise has had a positive cash flow since January 2003. CEO Maarten Oldenhof on 2003: "Costs are under control and the company is more streamlined thanks to the reorganization. Therefore, we can focus on our sales activities. We also have high expectations for our new products GeoAccess and GeoSource."
The figures for the year 2002 will be published as soon as the financial settlement of the closing of the Irish office has been completed. This is expected to take place in May.
About AND International Publishers N.V
AND is an internationally operating and leading producer of innovative geographical applications. AND's clients use AND developed databases and technology in the areas of roads and addresses to improve their own business processes and the services to their customers. AND International Publishers N.V. is listed on Euronext.