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Technology Stocks : Industri-Matematik Intl (IMIC)

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To: WTSherman who wrote (239)6/14/1999 10:34:00 AM
From: bob zagorin   of 349
 
Major Retailer Forms Partnership with Industri-Matematik in the Field of Logistics and Distribution Software

MARLTON, N.J.--(BUSINESS WIRE)--June 14, 1999--Industri-Matematik International Corp. (www.im.se) (NASDAQ:IMIC) today announced Albert Heijn, a $5 billion company which is the largest retailer in the Netherlands with 670 stores nationwide, has selected Industri-Matematik's order fulfillment and advanced warehousing software.

Industri-Matematik specializes in pull-driven supply chain environments with complex logistics in high-volume industries such as retail.

"Albert Heijn is the premier supermarket in the Netherlands," said Stig Durlow, president and CEO at Industri-Matematik. "Fierce competition is the order of the day in retail and excellence in logistics and distribution is essential to success. This major retail customer win demonstrates the strategic value our software suite brings to companies with complex logistics processes, high transaction volumes and rigorous customer responsiveness demands."

Albert Heijn joins a growing list of large retailers that use Industri-Matematik supply chain software. Other major retail customers include Canadian Tire, which has over 400 stores across Canada, and Hakon, the retail market leader in Norway with 2,000 stores.

The software selected is part of the new VIVALDI(tm) software suite which enables 100 percent real-time visibility of inventory availability, pricing, fulfillment costs and preferences on the basis of individual order lines, products and customers. It allows companies to significantly reduce inventories while delivering products more quickly and improving customer service and profitability. The software supports e-business initiatives with its fulfillment and customer service capabilities.

The suite's advanced warehouse management component optimizes distribution center resources, including labor, space, equipment and inventory, and efficiently manages day-to-day processes, such as product receiving, putaway, order processing, picking, packing and shipping.

About Industri-Matematik

Industri-Matematik International Corp. provides high-performance fulfillment and customer service software solutions for e-commerce. The company specializes in pull-driven supply chain environments with complex logistics, information-rich, high-transaction volumes and rigorous demands for customer responsiveness. Industri-Matematik has implemented enterprise applications worldwide at market-leading organizations such as British Airways, Campbell Soup, Canadian Tire, Canon, Carlton & United Breweries, Hartz Mountain, Kellogg's, Skyway Systems, Starbucks, VWR and Warner/Elektra/Atlantic.

Editors: For Industri-Matematik company and product information, and press releases, access the Industri-Matematik site on the World Wide Web at im.se. VIVALDI is a trademark of Industri-Matematik International Corp.

CONTACT:

Industri-Matematik

Tim Walsh

(609) 988-3922, ext.4438

tiwa@im.se

or

Copithorne & Bellows for Industri-Matematik

Albie Jarvis or Dan Mees

(617) 450-4300

dan.mees@cbpr.com
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