Congratulations Endeavors Technologies! (Tadpole)
Congratulations to Peter and the boys. True to their word at the AGM, good news was on it's way......and like buses, you wait for one and 3 come long at once.
(I'll tell you how you can also help the company at the end of this, pens and papers at the ready....lol)
Firstly we have a worldwide license and support agreement for $1,250,000 with Origin Technology Group Limited over a 3 year contractual period.
Tadpole Technology Licensing Agreement
RNS Number:9919Y
Tadpole Technology PLC
26 June 2007
Tadpole Technology plc
Licensing agreement
Endeavors Technologies, Inc. ("Endeavors"), the application streaming software subsidiary of Tadpole, today announces that it has concluded a worldwide OEMsoftware integration agreement with UK based Origin Technology Group Limited("Origin").
The agreement grants Origin access to and the right to use the "AppExpress"software developed by Endeavors to deliver on demand applications and content in a Software as a Service (SaaS) product offering.
The license and support agreement is valued at $1,250,000 over a three year contractual period. The agreement with Origin represents Endeavors' first major European licensing initiative. In anticipation of this agreement, Endeavors has set up a European sales, support and marketing organisation based in the UK.25 June 2007
From what I can find about Origin Technology (link to holding page) so far is that it is a Microsoft partner (details on link). The company was incorporated in Feb 2007 and is Private Limited with share capital). The fact that they are an MS partner obviously suggests that they operated under a different name or division of another company until Feb 07, 'cause they didn't achieve that in just 4 months. Still researching them and will post more if I find more.
Secondly, we have the announcement via the company webpage of the reseller agreement with Virtual Network Partners (follow link for how they are promoting it!).
Virtual Network Partners has 14 infrastructure management resellers across Europe and is expanding its network to offer Endeavors’ AppExpress application deployment and management solution. AppExpress is now a fundamental leading edge component of vITILhub, Virtual’s framework for best-of-breed IT management and optimization products.
“Partnering with Endeavors allows us to offer the leading solution for streaming applications on demand,” said Mike Briercliffe, chairman and founder. “AppExpress allows streamed applications to be delivered more rapidly and easily than other solutions. Our technical team has previous experience in this area with AppStream, including a number of early pilot implementations, and the relationship we now have with Endeavors hits all the right notes. We are pleased to conclude this agreement and incorporate AppExpress with pride of place into our offering.”
“Virtual’s vITILhub approach has created a compelling portfolio of tools and services,” said Peter Bondar, CEO at Endeavors Technologies. “AppExpress eases application delivery and management allowing organizations to be more agile and responsive to users’ computing requirements. Finding a team with real life implementation experience in this field is a fantastic baseline and we are very enthusiastic about the additional opportunities that this key relationship with will bring.”
Thirdly, We get another RNS that Peter Bondar the newly appointed CEO of Endeavors Technology and Executive Director (of only 10 days I must add) has taken on board what was suggested at the AGM and put his money where his mouth is and invested in Tadpole Shares.
RNS Number:0352Z Tadpole Technology PLC 26 June 2007Tadpole Technology plc ("the Company")Notification of Interests of Directors and Connected Persons The Company today announces that Mr Peter Bondar, an executive director of the Company, has today purchased 101,228 ordinary shares of 1 pence each ("ordinary shares") at a price of 4.9p per share. Following this purchase, Mr Bondar has a beneficial interest in 101,228 ordinary shares, representing 0.03 per cent in the ordinary share capital of the Company.
26 June 2007
What occurred at the AGM is that a shareholder suggested that the board can't be in a permanent closed period and therefore there must be opportunities for them to show their faith in the future of the company and that Director buying would show that faith.
None of them actually said that they would buy (of course they couldn't that would have been price sensitive) but to those in the room reading the body language, it was met with pensive nods of agreement.
David Lee said something along the lines of, just because I don't go out and buy some tomorrow, does not mean that I won't be buying.
Well obviously knowing that they had news on the way - they couldn't buy there and then or the FSA would have been down on them like a ton of bricks, so now they must be in an open period. The news has been announced and opportunities to buy have presented themselves. What we have to wait and see is whether Peter's colleagues, David Lee, Iain Cockburn and Mark Ketteman will also take this opportunity to show faith. :o) Come on boys - you know you want to.....lol
Calling all shareholders with websites!
Fourth, but not on the list of news out today is where you can help the company to promote themselves and AppExpress.
You might have noticed that I have on the sidebar here, both an advert and news links to the Endeavors website. I offered this space to them free, yes free, a few weeks back after having contacted them about why none of the google ad's on my page were coming up with AppExpress stuff. After a chat, I said well tell you what, create an Ad that I can put on my page free for you, why pay google for something if you don't have to and then we'll know it's always there and not just dependant on what I write.
So anyway, over to you. Are you a shareholder with a webpage who can offer a bit of Free space for an Advert or News link or both - if so contact Heath Gray, Director of Marketing EMEIA on Hgray@endeavors.com
