Since the end of 2001, AND International Publishers N.V. has been carrying out legal audits at 600 companies world-wide with a contract to use AND data and technologies. The aim of the audits is to determine the value of the core technology and thus to protect AND's shareholdersvalue. They also give AND a good idea of the real value of its client base. This dynamic approach is now starting to have an impact.
All AND contracts are being checked one-by-one by B-Street, a specialist in ICT services including auditing. Up to now, this process has led to extra income because clients have made greater or more frequent use of AND data and technologies than permitted by their contract. AND has also commenced legal proceedings against a number of companies that have broken the rules set out in their contract.
The legal audits are an important component in the turn-around
process initiated by the new management of the company that AND is currently working through.
AND International Publishers N.V. is an international specialist in the provision of geographical services. It collects and maintains road and address information on a global scale. In combination with AND's unique software technologies, this data is used for a variety
of purposes and in numerous markets.