SOURCE: Trintech Group Plc

July 28, 2006 02:19 ET

Trintech Group Plc's Annual General Meeting Chairman's Updating Statement


London, UK/Dublin, Ireland - July 27, 2006 - Trintech Group Plc (NASDAQ: TTPA), a leading provider of transaction reconciliation and payment infrastructure solutions, today held it's 7th Annual General Meeting (AGM) as a public company in Dublin, Ireland.

At the AGM, Cyril McGuire, Co-founder, Chairman and CEO, welcomed the approval by shareholders of all the ordinary and special resolutions including the approval of the share buy-back agreement with Deutsche Bank AG. The timing and amount of any repurchase by Trintech under the share buy-back programme will be dependent upon market conditions, securities law limitations and other corporate considerations. The buy-back programme may be suspended or terminated by Trintech at any time.

Mr. McGuire said, "Trintech's business remains solid despite a challenging performance in fiscal 2006. Our business strategy is to focus on our key profitable products and migrate our business model towards a software and transaction services business mix with higher levels of recurring revenue."

About Trintech Group

Trintech Group is a leading provider of transaction reconciliation and payment infrastructure solutions to retailers, financial institutions, payment processors and network operators globally. Built on 19 years of experience, Trintech's solutions manage each area of the payment transaction cycle from authentication, authorization, settlement, dispute resolution and reconciliation - enabling its customers to reduce transaction costs, eliminate fraud, minimize risk, maximize cashflow and increase profitability. Trintech can be contacted in Ireland at Trintech Building, South County Business Park, Leopardstown, Dublin 18 (Tel: +353 1 2074000), in the US at 15851 Dallas Parkway, Suite 855, Addison, TX 75001 (Tel: +1 972 701 9802), in Uruguay at Technology & Business Park, Zona America - Ruta 8 Km. 17.500, Of. 006 - Local 310, ZIP 91.600, Montevideo (Tel: + 598 2 518 2250) and in the UK at The Colonnades, Beaconsfield Close, Hatfield, Hertfordshire, AL10 8YD (Tel: +44 1707 632900).


Paul Byrne
Trintech Group plc
T. +353 1 207 4000

Copyright © Hugin ASA 2006. All rights reserved.

Contact Information