Link Egypt Software, Inc. is pleased to announce the signing of a Memorandum of Understanding with MB Technology Inc., one of the leading Ajax Framework Providers in the world.
According to the terms of the MOU, MB Technology will license LinkEgypt the use of Bindows in its existing software and new web projects. Link Egypt will represent MB in the Middle East. MB and shall Train Link Egypt Team to use Bindows Ajax Framework effectively. Both companies will also jointly market MB and Link Egypt products and engage new projects together.
Mr. Ran Meriaz, the President of MB Technology in describing the agreement stated: "It is a perfect marriage between two substantial software companies.
MB has been searching for a software development company like Link Egypt for some time that will provide our customers with the best software using Bindows platform. With the integration of Link Egypt know how into our Bindows Platform, we expect our sales to increase in 2007."
Link Egypt plans to complete the integration of Bindows Framework into Link Egypt's software by the end of 2007. It is expected that Link Egypt will generate between $2-5 million of software sales revenue annually after completing the application of Bindows technology with its software products.
"Not only will this Agreement substantially increase our software sales, but also Link Egypt will now have access to one of the best Ajax Framework in the globe for our rich internet applications customers," stated Mr. Yehia Tharwat, the CEO of Link Egypt Software. "MB possesses one of the best technologies in Ajax in the world. Link Egypt will use MB's Bindows Framework with its existing software. In addition to Link Egypt's existing software sales revenue, We are sure that the utilization of Bindows Framework will expedite revenue growth at our company, as well as substantially enhance our profits, As Mr. Yehia noted, it is a perfect marriage."