Atinera to Auction Technology Assets.Business Editors/High-Tech Writers SAN FRANCISCO--(BUSINESS WIRE)--Dec. 23, 2002 Provider of Automation Solutions for the Leisure Travel Industry to Auction License of Atinera Solution and Hosted Contour(R) Under Chapter 11 Proceedings Chapter 11 Proceedings Provisions of the Bankruptcy Reform Act under which the debtor firm is reorganized by a court because the estimated value of the reorganized firm exceeds the expected proceeds from its liquidation. Atinera, a provider of technology solutions for the leisure travel industry, is making its technology assets available for auction under Chapter 11 Bankruptcy proceedings bankruptcy proceedings n. the bankruptcy procedure is: a) filing a petition (voluntary or involuntary) to declare a debtor person or business bankrupt, or, under Chapter 11 or 13, to allow reorganization or refinancing under a plan to meet the debts of the party . These assets feature an exclusive, global license, field IP for hosted operations, and source code for Contour software that is the basis of the Atinera Travel Solution. Contour is the leading leisure travel management and distribution system currently in use by major travel companies worldwide. The complete Atinera Travel Solution and technology assets, including Contour, is designed to support the following core system requirements To be used efficiently, all computer software needs certain hardware components or other software resources to be present on a computer system. These pre-requisites are known as (computer) system requirements and are often used as a guideline as opposed to an absolute rule. of leisure travel companies: -- Advanced reservations/inventory management -- FIT, Package, Tour, Cruise, Charter and Group travel modules -- Real-time product and pricing control -- Electronic distribution -- Consumer and agency database, commission tracking -- Automated advising/documentation -- Performance tracking and reporting The Atinera Travel Solution also includes an Enterprise Application Integration middleware A redundant term for "middleware." The concept of middleware is integration. See middleware. solution for standards-based (OTA (Over The Air) Refers to any wireless system such as AM/FM radio and network television that uses open space as its transmission medium. ) Web services and multi-channel vendor and distribution connectivity. Interested parties should contact Julia Davidson at 415/276-5441 or jdavidson@atinera.com for more information. The Atinera administration offices are closed the week of Dec 23, reopening Dec. 30, 2002. The sale takes place Jan. 17, 2003. Atinera has filed a petition for protection under Chapter 11 of the Bankruptcy Code, case # 02-33440 TC in the U.S. Bankruptcy Court bankruptcy court n. the specialized Federal court in which bankruptcy matters under the Federal Bankruptcy Act are conducted. There are several bankruptcy courts in each state, and each one's territory covers several counties. for the Northern District of California. |
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