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Technology Stocks : ROSS SYSTEMS a turnaround?

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To: Jim Malone who started this subject12/13/2000 10:50:24 AM
From: bob zagorin   of 3067
 
Ross Systems Expands Customer Base WithNew Human Resources and Payroll Contract

ATLANTA, Dec. 13 /PRNewswire/ -- Ross Systems, Inc. (Nasdaq: ROSS), a leading provider of enterprise management software and e-business solutions for mid-market companies, today announced Community Education Partners of Nashville, Tennessee has contracted to purchase the iRenaissance Human Resource (HR) Management and Payroll solutions from Ross Systems.

Community Education Partners provides education services to at risk youth at three sites in Texas and one in Philadelphia. They have over 500 employees and expect to grow to over 800 by the summer of 2001.

The iRenaissance HR and payroll system gives Community Education the capacity to handle the fast growth and complex multiple bargaining unit support demanded in the education sector. Although Community Education Partners is not a traditional sized client of Ross, where the average client has 2,000 plus employees, they do have the level of complexities that require the support of the Ross application.

"The powerful capabilities of our human resources and payroll system transcend beyond the typical Ross Systems customer in process manufacturing," said Ross Systems' CEO and President J. Patrick (Pat) Tinley. "We are able to leverage our investments in horizontal functions like financial accounting and HR by redeploying them for other markets who can leverage the competitive advantages of our solutions".

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, 2000 AND THE QUARTERLY REPORT ON FORM 10-Q FOR THE QUARTER ENDED SEPTEMBER 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.; Community Education Partners

ST: Georgia, Texas, Pennsylvania

IN: CPR MLM EDU

SU: CON

12/13/2000 08:59 EST prnewswire.com
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