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Technology Stocks : ROSS SYSTEMS a turnaround?

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To: Jim Malone who started this subject11/8/2000 10:45:37 AM
From: bob zagorin   of 3067
 
Ross Systems Signs New Customers in Russia and Spain

ATLANTA, Nov. 8 /PRNewswire/ -- Ross Systems, Inc. (Nasdaq: ROSS), a leading provider of enterprise management software and e-business solutions for mid-market process manufacturers, today announced two new signed agreements in Russia and Spain.

In Russia, OJSC Markochim and LIDER have selected the iRenaissance enterprise management solution. OJSC Markochim has licensed the entire iRenaissance product spanning financials, distribution, and manufacturing for 100 users, which will be implemented in a 3-stage project. LIDER has licensed all iRenaissance modules for 50 users. The implementation project is planned over the next ten months.

In Spain, Correo Hibrido has selected all of the iRenaissance enterprise management modules including software maintenance and the necessary services for an initial period of three years. Correo Hibrido will deploy its management system with full service hosting through an application service provider (ASP).

"These new contracts, together with the agreements we have signed in other European countries such as Hungary, Greece or Poland, confirm our distribution strategy in Europe," said Oscar Pierre, Ross Vice President responsible for the direct operations of Ross Systems in Spain and the Ross Distributors network in Europe and Latin America. "For the last two years, we have significantly invested in our presence across all European countries, and we now enjoy an excellent sales and support distributor network all over Europe. This is the clear source of our current success with these new clients."

About OJSC Markochim

OJSC Markochim is one of the largest enterprises producing coke for blast furnaces and foundries in Ukraine. The plant was founded in 1935. Markochim's production capacity is 2.5 million tons per year that equals 15% of total output of coke produced in Ukraine. The Mariupol coke oven by- product plant produces blast furnace coke, coke nut, coke breeze, coal tar, ammonium sulfate, crude benzene and sulphur. OJSC Markochim, 87505, Naberezhnaya St., Donetskaya oblast, Mariupol, Ukraine, Teletype: 107112 ARGON, Tel: (0622) 55 10 44; Fax: (062) 38 110 84. markochim.itcom.net.ua

About LIDER

LIDER is one of largest food manufacturers in Russia covering many regions from Volga up to the extreme north. The company has 2,500 employees with annual revenues of 600M Rubles. It annually produces and sells more than 22 thousand tons of goods. LIDER is a subsidiary of Tolyatti meat packing plant, with manufacturing potential of 100-120 tons per day of sausages, smoked foods, pastes, semi-finished meat items and canned foods with more than 250 brands. The company's high quality products have received awards in Russian and international exhibitions and some of the sausages have been included in "the list of 100 best goods of Russia". LIDER, 443100, Nevskaya St., bid-1, Samara, Russia. Tel: (8462) 37 92 47; Fax: (8462) 37 92 72. tmk.infopac.ru

About Correo Hibrido, S.A.

Correo Hibrido, S.A., a 100% subsidiary company of the larger Spanish organization of the Spanish mail service, creates, mails and distributes (paper and/or digital) documentation. The company offers their customers the opportunity to simplify and optimize their communication mechanisms as an integral service in all the communications cycle. Correo Hibrido, S.A., C/ Doctor Fleming, 51, 1, 28036 Madrid, Spain, 91 353 19 40, correohibrido.com .

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 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, 1999, AND THE QUARTERLY REPORT ON FORM 10-Q FOR THE QUARTERS ENDED SEPTEMBER 30, 1999, DECEMBER 31, 1999, AND MARCH 31, 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.; OJSC Markochim; LIDER; Correo Hibrido, S.A.

ST: Georgia, Spain, Russia

IN: CPR MLM MNG FOD

SU: LIC

11/08/2000 08:41 EST prnewswire.com
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