NEW YORK, Aug. 10, 2010 (GLOBE NEWSWIRE) -- TIE Technologies, Inc. (Pink Sheets:TTCS), who operates a portfolio of Homeland Security assets focused on environmental disaster remediation and security, driven by proprietary smart logistics, telemetrics, and advanced IT solutions, today announced that they have retained the Miami, FL auditing firm Labrozzi & Company, P.A. Labrozzi & Company is an SEC approved auditing firm and member of the SEC Financial Reporting Forum.
TIE Technologies has taken this step to realize the audit requirements which are necessary to achieve full reporting status and expedite filing of a Form 10 Registration Statement pursuant to Section 12(g) of the Securities Exchange Act of 1934.
"We are pleased to announce that Labrozzi & Co. has been retained as our auditors," Edward Andercheck, Chairman and CEO of TIE Technologies Inc., stated. "In order to keep pace with our expanding business activity and concomitant revenue growth, we have taken this essential next step to create complete transparency and uplift our stock to an exchange that will provide greater liquidity for our investors."
ABOUT TIE TECHNOLOGIES, INC.
TIE Technologies is a science and technology driven systems integration, security, smart logistics and telemetrics Company. TIE's Smart Technology Solutions strive to provide better ways of doing things in every market it touches, from large logistical challenges, down to small business needs and mobile smart phone applications. TIE TeleMetrics Services and Acumen architecture are designed to provide real time actionable intelligence to help teams secure critical assets. TIE is actively evolving smart solutions and proprietary critical path technologies for the environmental and security needs of government and institutional customers. TIE Technologies is traded on Pink Sheets.
Safe Harbor Statement
The information in this release, other than historical information, may be considered forward-looking statements within the provisions of the Private Securities Litigation Reform Act of 1995. Projections and other forward-looking statements and management expectations regarding future events and/or financial performance of the Company -- although given in good faith -- are inherently uncertain and actual events and/or results may differ materially.