Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : TAVA Technologies (TAVA-NASDAQ) -- Ignore unavailable to you. Want to Upgrade?

To: bob who wrote (28212)	2/16/1999 2:45:00 PM
From: JDN	Read Replies (2) \| Respond to of 31646

OK FOLKS--HEEERE IT IS!! Read it and laugh. I will post my thoughts following. JDN TAVA Announces Election of Board Members and Partnershipswith both debis FRA and i2 Technologies ENGLEWOOD, Colo., Feb. 16 /PRNewswire/ -- TAVA Technologies (Nasdaq: TAVA) a leading provider of automation and information technology solutions to industry, announced today that at its annual meeting, shareholders re-elected John Jenkins, Robert Costello, Robert Pearson, and Rick Schleufer as Company Directors. Ken O'Brien was elected as a new member of the board. Mr. O'Brien is a member of the executive staff at RW Beck where he serves as Managing Director of Operations. John Jenkins TAVA CEO said, "The Company is well served by a board with both broad and deep experience that fits extremely well with the opportunities and challenges we face as we continue our rapid growth. Our directors have been extremely helpful in crafting TAVA's strategy and keeping the company focused on all the elements that need to be addressed in building an outstanding organization." At the meeting the company announced that it has executed a Memorandum of Agreement with debis FRA IT Services GmbH, a joint subsidiary of Daimler-Chrysler Service (debis) AG and Airport Frankfurt Main AG under which they plan to form a jointly held company to address the Operation IT requirements of Airports in the U.S. The joint company plans to provide products and services that include current offerings from both debis FRA and TAVA. Debis FRA provides sophisticated airport operations Information Technology software and services, including a fully integrated, database oriented, set of applications for all airside and landside operations of an airport. Technical support and project execution is provided by a group of 250 system engineers. Current clients include all 8 German international airports (approx. 120 Mill Passengers). TAVA Technologies supplies a variety of IT services, primarily directed to process and control operations to a substantial U.S. airport client base including Phoenix International, Los Angeles International, Denver International, Minneapolis, Baltimore and others. John Jenkins, CEO of TAVA Technologies said, "We are very excited about our relationship with debis FRA and are convinced that our launch into the U.S. market comes at just the right time. Our preliminary marketing efforts have produced strong positive response. The debis FRA products are extremely powerful and we believe that together we provide a unique combination of product and service. This is clearly a significant business opportunity." Wolf Ehrhard, President of debis FRA said, "We approached TAVA with the intention to form a joint venture because of the company's national presence, its excellent understanding and track-record of large system integration-projects, and a demonstrated superior attitude towards customer service which is needed to meet the requirements of mission-critical applications on airports." At the meeting the company also announced that TAVA and i2 Technologies (Nasdaq: ITWO) are in the final stage of designing their strategic partnership which includes building a comprehensive business plan around specific target industries and clients. John Jenkins said, "Forecasts show that the Supply Chain Management market will reach $13 Billion by year 2002 and that i2 Technologies has emerged as the clear market leader in supply chain optimization solutions. TAVA and i2, in partnership, present a unique entity capable of providing clients with high value-adding integrated solutions. The i2 partnership is an important part of the value proposition we carry to our manufacturing clients in need of integrated enterprise solutions." TAVA (www.tavatech.com) provides factory automation, control systems integration and other IT solutions helping clients in manufacturing and process industries integrate their processes, applications, hardware and software into seamless manufacturing enterprises. Located in 15 regional offices throughout the U.S., TAVA has a staff of more than 600.