``Letter of Intent'' Between Metro and Pricer.Business Editors STOCKHOLM Stockholm (stŏk`hôlm'), city (1995 pop. 692,954), capital of Sweden and of Stockholm co., E Sweden, situated where Lake Mälaren flows into the Baltic Sea. , Sweden--(BUSINESS WIRE)--Nov. 2, 2001 Pricer has signed a "Letter of Intent" with the German retail group Metro, since earlier a large customer to Pricer. The "Letter of Intent" means that it is Metro's intention to install Pricer's ESL (1) An earlier family of client/server development tools for Windows and OS/2 from Ardent Software (formerly VMARK). It was originally developed by Easel Corporation, which was acquired by VMARK. system in all planned Metro Cash & Carry stores as well as in the new Junior stores in Germany Germany (jûr`mənē), Ger. Deutschland, officially Federal Republic of Germany, republic (2005 est. pop. 82,431,000), 137,699 sq mi (356,733 sq km). . The installations could begin during the first quarter 2002. "The 'Letter of Intent' that we now have reached with Metro is a satisfying confirmation of the confidence our largest customer has in our ESL solutions, which confirm our belief in the potential our quality products represent," says Jan Forssjo, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Pricer. "Our ambition is to work actively to make this 'Letter of Intent' result in firm orders for future deliveries." Pricer AB (publ) was founded in 1991 in the city of Uppsala Uppsala (ŭp`sələ, –sä'lä), city (1990 pop. 109,500), capital of Uppsala co., E Sweden, on the Fyrisån River. It is an industrial and cultural center and a railroad junction. , Sweden and has built a leading position on the world market for electronic display - and information systems to the retail industry. Pricer offers electronic information systems with the purpose to considerably improve the customer benefit and improve the profitability of the retail market. Through the competent partners that Pricers cooperates with, the customer is offered a totally integrated solution together with the complementary products, applications and services offered by our partners. The share of Pricer is listed on the O-list of OM Stockholm Stock Exchange The Stockholm Stock Exchange (Swedish: Stockholmsbörsen) is a stock exchange located in Stockholm, Sweden. Founded in 1863 [1] it is the primary securities exchange of the Nordic Countries. . For further information please visit Pricer's website at www.pricer.se. It is also possible to register and automatically receive press releases via e-mail. |
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