Ross Systems, Inc. HR Payroll System Asset Sale To Be Completed Next Week
ATLANTA, Feb. 15 /PRNewswire/ -- Ross Systems, Inc. (Nasdaq: ROSS), a leading provider of enterprise management software and e-business solutions for mid-market process manufacturers, in compliance with regulation FD disclosed certain information to its employees which may have been shared with certain outside investors.
The definitive agreement for the sale of certain assets related to its Human Resource and Payroll product line to NOW SOLUTIONS, LLC, announced on February 5, 2001, is expected to be funded prior to February 23, 2001.
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 THE RISK OF DELISTING IF OUR NASDAQ APPEAL IS UNSUCCESSFUL, 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.; NOW SOLUTIONS, LLC
ST: Georgia
IN: CPR MLM FIN STW
SU: TNM
02/15/2001 11:30 EST prnewswire.com |
