To: RCJIII who wrote (80445 ) 6/23/1999 3:45:00 PM From: MikeUSA Respond to of 119973
Check out QADI $3 1/2 new Business to Business e-commerce! Stock heading up now. ARBA exploding now. Company Press Release REPEAT/QAD Expands Joint Initiative With IBM to Deliver E-Business Solutions to Manufacturers, Distributors and Their Partners Helps Customers Build on Existing IT Infrastructures to Harness the Power of the Internet SAN FRANCISCO--(BUSINESS WIRE)--June 14, 1999-- QAD (NASDAQ:QADI - news), a leading developer of enterprise and supply chain applications, Monday announced plans to expand the QAD & IBM PowerSystem initiative to help manufacturers and their commercial partners become e-businesses. As an extension of QAD's current e-business strategy and offering, plans are in place for the company's MFG/PRO enterprise resource planning (ERP) application to be prepackaged with IBM Netfinity hardware and enabled for IBM Net.Commerce software to manage Business-to-Business (B2B) and Business-to-Consumer (B2C) transactions. QAD and IBM will jointly fund an array of marketing activities around the world for this new solution. Using QAD's ERP software enabled for the Web, businesses can build upon their existing IT infrastructures to quickly and cost-effectively harness the power of the Internet, making it easier for customers to do business with them. This will represent a substantial expansion of the QAD & IBM PowerSystem, launched in November of 1998 to deliver complete, pre-configured enterprise solutions featuring industry-specific QAD software and IBM Netfinity servers for quick, reliable results. ''With more than 4000 licensed sites around the world, QAD has developed an outstanding reputation with manufacturers in key vertical markets and made significant strides in extending its enterprise solution into the supply chain,'' said Patricia Sueltz, general manager of IBM Java Software. ''This strong position, coupled with an enlightened e-business strategy, makes QAD a key player in the rapidly growing e-business marketplace.'' In addition, QAD's Web application for the extended enterprise is slated to incorporate IBM's WebSphere Web application server software for developing this application in HTML, Java, Enterprise Java Beans (EJB) and XML. The application will use XML technology and interface standards (BODS) from the Open Applications Group (OAGI) to connect to outside enterprise software or other back office systems. ''As the leader in e-business, IBM has developed a suite of development products that will strengthen QAD applications and greatly simplify e-business for our new customers and their partners,'' said Pam Lopker, chairman and president of QAD. ''This will be an extension of QAD's current e-business solution that will provide our customers with an opportunity to take further advantage of e-business.'' QAD's new Web application for the extended enterprise is being designed from the ground up for business-to-business collaboration. It will feature functionality that supports the customer's complete buying process, including collaborative order management with multiple ordering touch points. QAD's new relationship management application will establish personalized one-to-one customer relationships and manage them as part of a many-to-many relationship with the extended supply chain. About QAD Founded in 1979, QAD is a leading provider of enterprise and extended supply chain management software to multinational companies of all sizes, with special focus on the mid-market. Available in 26 languages and able to support multiple currencies, QAD software helps speed business processes for more than 300,000 licensed users at more than 4,000 licensed sites in more than 80 countries. Ideal for distributed operations, QAD's MFG/PRO software is specifically designed for global manufacturers in the following industries: automotive, consumer products, food and beverage, industrial, electronics, and medical. To receive any of QAD's news releases via facsimile, contact 213/253-5647 or 800/356-0747 -- within the United States only. Visit the QAD Web site at qad.com . Note to Editors: QAD is a trademark and MFG/PRO is a registered trademark of QAD Inc. All other products or company names herein may be trademarks of their respective owners. Note to Investors: This news release contains certain forward-looking statements made under the ''safe harbor'' provisions of the Private Securities Litigation Reform Act of 1995. A number of risks and uncertainties could cause actual results to differ materially from those in the forward-looking statements. These risks include evolving demand for the company's software products and products that operate with the company's products, the publication of opinions by industry analysts about the company, its products and technology, the entry of new competitors and their technological advances, delays in localizing the company's products for new markets, delays in sales as a result of lengthy sales cycles; changes in operating expenses, pricing, timing of new product releases, the method of product distribution or product mix; and general economic factors. In addition, revenue and earnings in the enterprise software industry are subject to fluctuations and the growth rates recently experienced by the company do not necessarily represent future operating results. Investors should not use any one quarter's results as a benchmark for future growth. For a more detailed description of the risk factors associated with the company and the enterprise resource planning industry, refer to the company's Annual Report or Form 10-K for the fiscal year ended Jan. 31, 1999.