Business-to-business interoperability software company TIE Holding N.V. (“TIE”) listed on the EuroNext Amsterdam Stock Exchange hereby publishes it’s Third Quarter 2007 Condensed Consolidated Interim Financial Statements. TIE reports third quarter 2007 revenues of EUR 2.4m and net income of EUR -293k (2006; EUR 17k). Revenues exceed third quarter 2006 revenue by EUR 571k (+31%) and are on par with the EUR 2.6m reported previous quarter. Year-to-date revenue increased by 22% to EUR 7,3m (2006; EUR 6,0m) and net income year to date amounts to EUR -613k (2006; EUR -627k)

Revenues increased across all operating segments over the third quarter 2007. The Netherlands’ revenue increased by 32%, North America (in USD) by 35%, and in The Rest of World by 42%. The acquisition of Digital Channel last year, contributed to the growth in The Netherlands. Year-to-date revenues are up by EUR 1.3m which includes the effect of adverse currency exchange rate differences on revenues accounted for in USD. License revenues are up 25%, Software-as-a-Service (SaaS) revenue by 108%, 36% of which was autonomous growth. Other income generated was EUR 77k which was through TIE’s participation in European Commission supported projects.

Operating expenses have increased by 47% over the third quarter compared to previous year, and year-to-date by 19%, totaling EUR 2.7m for the quarter and EUR 7.9m year-to-date. The acquisition of Digital Channel and the expansion of the Company’s management structure has been a large part of this expense. The Company continues to invest in developing SaaS revenue, which constitutes a stable, steady income stream for the future, but also requires upfront cost. Sales and marketing activities in the SaaS area have contributed to new customers and our pipeline shows very strong opportunities going forward. Net income amounts to EUR -293k for the quarter, EUR -613k year-to-date. Prior year comparatives amounted to EUR 17k and EUR -627k respectively.

Shareholder’s Equity amounted to EUR 3.5m, with Equity totaling EUR 4.8m (Q3 2006: EUR 0.9m). The net cash position of the Company as per June 30, 2006 amounted to EUR -258k. The credit facility was drawn to an amount of EUR 376k on June 30, 2007. Management is undertaking necessary steps to secure adequate cash flow to fund our growth.

Dick Raman, CEO of TIE said: ”We have taken measures to strengthen the sales capacity and we see that this is showing results given the increase in revenue compared to last year. We will focus much effort on developing strategic sales of the high end TIE Kinetix solutions and increased initial investments to build up the SaaS offerings, which will give us a strong basis for our future growth.

We will continue to look at expanding the Company both autonomously and through acquisitions as with our recent announcement about acquiring Sinfox in the Netherlands. This is a step in the right direction and we intend to pursue this strategy, adding products and services that can be incorporated into the TIE Kinetix platform and strengthen TIE’s bottom line.”