Triple P (NASDAQ:TPPP)
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Triple P N.V. (Nasdaq:TPPP), announced that it increased
its holding in E-Services @ Solutions N.V. ("ES@S") as of June 30,
2005 from 41.0% to 70.5%.
ES@S provides ICT Infrastructure Services and Managed Services.
The company realized net revenue of EUR 3.4 million in 2004. Triple P
acquired its initial interest of 41.0% in 2002.
Mr. Khaleghi Yazdi, CEO of Triple P, commented "This is a
strategic investment in the Belgian market for Triple P. The
management of ES@S has proven to be able to successfully provide ICT
services to large and medium sized companies."
Managing Director Mr. Robert Decant of ES@S added, "Our successes
in recent years were built on the confidence of the market, our
employees and our investor Triple P. The increased interest of Triple
P in our company will result in even closer cooperation between the
two companies and will enable ES@S to enhance our ICT service
portfolio for existing and new customers."
Since ES@S's results will be consolidated in the books of Triple P
as of June 30, 2005, Triple P announced that it intends to report its
second quarter results on September 1, 2005.
About Triple P
Triple P (Nasdaq:TPPP) designs, supplies, builds and manages
ICT-solutions that in an efficient way contribute to your company's
results. The three p's - people performance and partnership - are the
basis for long-lasting and successful relationships with our
customers.
This release contains a number of forward-looking statements based
on current expectations, including potential financing plans and the
impact of restructuring plans. Any statements contained herein that
are not statements of historical fact may be deemed to be
forward-looking statements. Without limiting the foregoing, the words
"believes," "anticipates," "plans," "expects," "intends," and similar
expressions are intended to identify forward-looking statements.
Actual results may differ materially due to a number of factors which
include, but are not limited to: overall ICT- spending and demand for
ICT services in the Netherlands; the timing of significant orders; the
ability to hire, train and retain qualified personnel; the total
amount of severance and other costs needed to complete the Company's
restructuring plans and fierce competition. For a more thorough
discussion of these risks and uncertainties, see the Company's filings
with the Securities and Exchange Commission, particularly its most
recent annual report on Form 20-F.