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Technology Stocks : ROSS SYSTEMS a turnaround?

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To: Jim Malone who started this subject11/2/2000 11:52:28 AM
From: bob zagorin   of 3067
 
Bacardi & Company Expands Ross Systems Solution in Bahamas

ATLANTA, Nov. 2 /PRNewswire/ -- Ross Systems, Inc. (Nasdaq: ROSS), a leading provider of enterprise management software and e-business solutions for mid-market process manufacturers, today announced that Bacardi & Company Limited, located in Nassau, Bahamas, will migrate from the Renaissance Classic financial and payroll software to Ross' iRenassiance Internet-enabled enterprise management system. Bacardi will expand the system to include inventory control, purchase order processing, process manufacturing, production planning, financial reporting, budgeting, and web-based document distribution.

"We value our legacy system customers like Bacardi & Company, who has been using our financial and payroll applications since 1992," said Ross Systems' CEO and President J. Patrick (Pat) Tinley. "Here is an example of a customer that we have supported on our COBOL-based applications until they were ready to embrace new technologies. Bacardi also chose to add new applications to their solution for distribution and manufacturing leveraging our unique features for beverage companies."

Bacardi & Company Limited, one of the largest rum manufacturers in the Caribbean, plans to start migration and implementation immediately.

About Ross Systems

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, materials management and human resources/payroll. Ross Systems' Resynt e-business product family includes digital marketplace applications spanning procurement, sales, Internet trading exchange connectivity, collaboration and employee productivity. More than 3,400 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 www.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, INCLUDING 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.

Resynt and "The business of e-Commerce" are trademarks of Ross systems, Inc. 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.

SOURCE Ross Systems, Inc.

CO: Ross Systems, Inc.; Bacardi & Company

ST: Georgia

IN: CPR MLM FOD

SU:

11/02/2000 11:32 EST prnewswire.com
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