Friday, July 3, 2009

Smartmatic and TIM Reconcilliation

  • The dispute has ended. Smartmatic and its Filipino partner, Total Information Management (TIM), were able to iron out their differences over the control of funds for the P11.3-billion poll automation project after a three-hour meeting Friday.
  • "It's a go for poll automation. Smartmatic and TIM are right now signing their joint venture incorporation papers," Commission on Elections (Comelec) Chairman Jose Melo told reporters.
  • By next Friday, July 10, after submitting their incorporation papers to the Securities and Exchange Commission, the companies are expected to sign the P7.2-billion contract with the Comelec, according to Melo.
  • Again congratulations to COMELEC and SBAC..
  • GODBLESS AND MORE POWER...

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