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Technology Stocks : ROSS SYSTEMS a turnaround?

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To: Jim Malone who started this subject5/1/2001 12:48:46 PM
From: bob zagorin   of 3067
 
Ross Systems Wins Prestigious Biomedical Contract

ATLANTA, May 1 /PRNewswire/ -- Ross Systems, Inc. (Nasdaq: ROSS), a leading world class provider of enterprise management software and e-business solutions for the mid-market process manufacturers, today announced the signing of a key contract with the biomedical company, AlloSource.

AlloSource is one of the largest non-profit tissue bank co-operatives and brings together four of America's most prestigious tissue banks to provide premier biomedical products nationally and internationally.

Based in Denver, AlloSource was enthusiastic to work with a company who not only had the best functionality and fit but also shared the same values of professionalism, integrity and quality in the conduct of daily business. Ross Systems was the perfect fit.

Having spoken with several major ERP suppliers during the selection process, it became apparent that Ross' iRenaissance product provided superior lot traceability and characteristics, as well as other vital business information to AlloSource.

"We are extremely pleased that a company which provides such a vital service to individuals around the world has chosen Ross Systems," said Rod Jones, President of Ross Systems. "This re-affirms our product superiority and underlines Ross' growing presence in the demanding environment of biomedical business." AlloSource joins Gensci, Boston Biomedica and Genetics Institute in selecting Ross' leading edge process industry solution for ERP and reaffirms Ross as the gold standard for biomedical.

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, and materials management. Ross Systems' e-business product family includes digital marketplace applications spanning procurement, sales, and Internet trading exchange connectivity, collaboration and employee productivity. More than 3,200 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 AND DECEMBER 31, 2000.

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.

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SOURCE Ross Systems, Inc.

CO: Ross Systems, Inc.; AlloSource

ST: Georgia, Colorado

IN: CPR MLM STW BIO MTC

SU: CON

05/01/2001 09:04 EDT prnewswire.com
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