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Technology Stocks : Industri-Matematik Intl (IMIC)

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To: bazan who wrote ()5/1/2000 12:05:00 PM
From: bob zagorin   of 349
 
Industri-Matematik Appoints Rowan Howatt as new Asia Pacific Vice President

MT. LAUREL, N.J.--(BUSINESS WIRE)--May 1, 2000--Industri-Matematik International Corp. (NASDAQ:IMIC), a global leader in advanced supply chain applications, today announced the appointment of Rowan Howatt as vice president for the Asia Pacific region with responsibility for sales, services and local operations throughout the region.

As the new regional vice president, based in Melbourne, Australia, Mr. Howatt brings to Industri-Matematik more than 16 years of sales and marketing management experience. He succeeds Hans Gutenmark who established Industri-Matematik in the region four years ago. Mr. Gutenmark is returning to Sweden.

Mr. Howatt's appointment reflects a change in direction for the company, which up until recently had operated in Australia as a services office only. Starting in May, Industri-Matematik Australia will be a fully functioning sales, marketing and support office for the Asia Pacific region. Mr. Howatt will focus on the development of Industri-Matematik's Australian sales and service infrastructure, as well as oversee third party relationships and operations for the Asia Pacific region.

"Industri-Matematik's products are changing the way global companies engage with their customers and there is no doubt that fulfillment and customer service will be the defining success factors in the new economy, particularly in the e-tailing sector," Mr. Howatt said.

As part of Industri-Matematik's Asia Pacific strategy, it has formed a regional alliance with IBM, where IBM will combine Industri-Matematik's software with its Application Framework for e-Business to provide end-to-end supply chain management solutions for e-business. This strategy includes integrating e-commerce sites with advanced global fulfillment systems.

Globally, Industri-Matematik has a long-standing strategic relationship with IBM. The companies have pioneered Internet-based order execution processes that help manufacturers, distributors and retailers carry out high volume transactions rapidly and reliably. Additionally, last September, IBM selected Industri-Matematik as one of three suppliers to provide best of class solutions for their Global Supply Chain Management initiative.

Before joining Industri-Matematik, Mr. Howatt was a senior executive with Ericsson Australia, initially as general manager - southern region for Ericsson's enterprise solutions division and later as general manager responsible for Ericsson's CRM offering in the region. Prior to Ericsson, Mr. Howatt spent a number of years with IBM and helped establish a leadership role for IBM in the call center industry as national sales and marketing manager - call center solutions and later as Asia Pacific sales manager for IBM's software division.

Mr. Howatt said after long experience gained in management positions covering hardware, software and services environments, he was looking forward to the overall management of an organization at the cutting edge of new Internet technology.

In Australia, Industri-Matematik has enjoyed a long association with Carlton United Breweries and Kellogg's. Across the Tasman, The New Zealand Dairy Board is also a major customer.

About Industri-Matematik

Industri-Matematik International Corp. (www.im.se) provides high performance fulfillment and customer service software solutions for B2B and B2C e-commerce. Its software applications help companies achieve a Zero Inventory/100 Percent Visibility business model by replacing inventory with information to speed the movement of goods through the supply chain. Customers include market-leading companies such as British Airways, Carlton & United Breweries, Ericsson, FedEx Corp., Starbucks and Warner/Elektra/Atlantic as well as new B2B and B2C e-commerce companies, including CoShopper.com, Electronic Business Partners (EBP), FULLeCOM, Inc. and Yellowrent.com.

The statements contained in this release that are not historical facts may contain forward-looking information with respect to plans, projections or future performance of Industri-Matematik International Corp., the occurrence of which involve certain risks and uncertainties, including, but not limited to product demand and market acceptance risks, the impact of competitive products and pricing, product development, commercialization and technological difficulties and other uncertainties detailed in Industri-Matematik's filings with the Securities and Exchange Commission, particularly its Annual Report on Form 10-K filed in July 1999.

CONTACT:

Industri-Matematik

Tim Walsh

(856) 793-4438

tiwa@im.se

or

Industri-Matematik Investor Relations

John Heilshorn

Lippert/Heilshorn & Associates

(212) 838-3777

john@lhai.com

or

Industri-Matematik Public Relations

Albie Jarvis or Dan Mees

Porter Novelli Convergence Group

(617) 450-4300

dan.mees@pnicg.com
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