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Technology Stocks : ROSS SYSTEMS a turnaround?

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To: Jim Malone who started this subject5/21/2001 11:13:42 AM
From: bob zagorin   of 3067
 
Ross Systems Announces Three New Contracts in Europe

ATLANTA, May 21 /PRNewswire/ -- Ross Systems, Inc. (Nasdaq: ROSS), a leading world class provider of enterprise management software and e-business solutions for mid-market process manufacturers, has announced the signing of three new contracts in Europe and Russia.

Russia's largest tire manufacturer, Yroslavsky Tires(YTM), has chosen iRenaissance to manage its entire manufacturing process. YTM, based in Yroslav, Russia, employs approximately 20,000 people and has been in business since 1932. YTM manufactures synthetic rubber tires, offering more than 145 models with 60 different dimension choices in an ISO 9000 certified environment.

International Retailer of the Year (1999), Olly, has selected Ross' comprehensive iRenaissance Financials suite of products to manage their global operations. Olly, a designer and distributor of women and children's apparel, operates in 45 countries and has over 750 employees. Olly, who designs and distributes the internationally recognized brand name "Oilily(TM)," selected Ross after a detailed review of top-tier ERP suppliers.

Operating in the world's seventh largest financial center, UBS (Luxembourg) S.A. has also selected Ross' iRenaissance Financial Suite as the backbone to support its state of the art financial services business. UBS Private Banking provides a complete range of investment services and products, including enhanced return on financial assets, as well as superior investment services and products.

"These three new agreements underline the superiority of the iRenaissance suite for business whether locally or around the world," said Rod Jones, Ross' President. "We are delighted that these organizations have recognized the strengths and benefits of the Ross Solution for their organizations. We look forward to developing our relationship with these prestigious operations and welcome them into the family of multi-national companies who use the iReniassance product on a global basis."

Ross Systems Inc. is a leading supplier of enterprise resource planning (ERP) and management software and e-business solutions for process manufacturing industries including food, beverage, chemical, pharmaceutical, paper and metals. The Ross Systems family of solutions includes the award- winning iRenaissance, a broad range of Internet-enabled enterprise resource planning and management applications for financials, manufacturing, advanced planning, supply-chain management, maintenance management, transportation management, and materials management. Ross Systems' ebusiness product family includes digital marketplace applications spanning procurement, sales, and Internet trading exchange connectivity, collaboration and employee productivity. More than 3,200 companies around the world use Ross Systems solutions in open systems environments including NT and UNIX. Ross Systems has more than 60 offices around the world to serve its customers. Ross Systems Inc., Two Concourse Parkway, Suite 800, Atlanta, Ga. 30328, 770-351-9600, 1-877-ROSS-INC rossinc.com .

STATEMENTS IN THIS ANNOUNCEMENT WHICH EXPRESS THAT THE COMPANY "BELIEVES," "ANTICIPATES," "EXPECTS," "PLANS TO..." OR "SHOULD BEGIN TO..." AS WELL AS OTHER STATEMENTS WHICH ARE NOT HISTORICAL FACT, ARE FORWARD LOOKING STATEMENTS WITHIN THE MEANING OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995. ACTUAL EVENTS OR RESULTS MAY DIFFER MATERIALLY AS A RESULT OF RISKS AND UNCERTAINTIES, QUARTERLY FLUCTUATION OF SOFTWARE PRODUCT LICENSE REVENUE, WEAKENING OF CUSTOMER DEMAND FOR ENTERPRISE SYSTEMS, THE COMPANY'S MAINTENANCE OF A MINIMAL BACKLOG, THE UNCERTAINTY OF DEMAND FOR NEW PRODUCT OFFERINGS AND OTHER RISKS AND UNCERTAINTIES DESCRIBED IN REPORTS FILED BY THE COMPANY WITH THE SEC, INCLUDING THE ANNUAL REPORT ON FORM 10-K FILED FOR THE YEAR ENDED JUNE 30, 2000 AND THE QUARTERLY REPORT ON FORM 10-Q FOR THE QUARTER ENDED SEPTEMBER 30 AND DECEMBER 31, 2000.

Renaissance and GEMBASE are registered trademarks of Ross Systems, Inc. Throughout this release, software and hardware products are mentioned by name. In most, if not all, cases, these product names are claimed as trademarks by the companies that manufacture the products. It is not our intention to claim these names or trademarks as our own.

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SOURCE Ross Systems, Inc.

CO: Ross Systems, Inc.; Yroslavsky Tires; Olly; UBS S.A.

ST: Georgia, Russia, Germany

IN: CPR MLM STW

SU: CON

05/21/2001 10:52 EDT prnewswire.com
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