SAN FRANCISCO, Feb. 15, 2006 (PRIMEZONE) -- Tribeworks, Inc. (OTCBB:TWKS) today announced that it has acquired TakeCareofIT (Holdings), Ltd., D/B/A Atlas Technology Group, a software support company based in Malta.
Atlas Technology Group provides custom application software support for companies worldwide. Atlas currently has a support center in Malta, and is building out its second support center in Wellington, New Zealand, with redundant data centers worldwide. Atlas has pioneered the highly specialized area of custom software application support, including proprietary, proactive software monitoring tools. Within the $220 billion (Forrester Research, Inc.) growing, worldwide software support market, Atlas's clients range from small software application firms, not wishing to develop an internal support organization, to very large firms seeking to outsource their internal software support infrastructure, and gain the proven cost savings and increased service levels now available.
Atlas was founded by Robert Altinger, a 20 year support management veteran, who has worked in executive positions with various leading companies including JP Morgan, Microsoft, and Avenade (a joint venture of Accenture and Microsoft).
Altinger states: "The company is leveraging the recent advances in software, monitoring systems, and communications, to build a new, leading edge, global support infrastructure, providing 24X7 software support to large and medium sized companies worldwide"
Tribeworks, Inc. historically has provided software, consulting, and management tools for creating and delivering multimedia applications. Its products include iShell, iShell Mobile, and Kinoma Media Album. In 2005, the management and Board of Directors elected to expand into the rapidly growing area of outsourced software application support. The company was incorporated in 1998 and is headquartered in San Francisco, California.
This release shall not constitute an offer to sell or the solicitation of an offer to buy securities to/from any person, nor there be 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.