20-20 Technologies Reinforces Office Sales Automation Strategy.LAVAL, Quebec Laval (pronounced TSX Transfer from Stack Pointer to Index TSX True Space Extension :TWT TWT The Washington Times TWT Traveling Wave Tube TWT Teaching with Technology TWT Time Will Tell (Robert Cray song) TWT Tri-Wizard Tournament (Harry Potter event) TWT Third Wave Technologies, Inc. ), a world leader in 3D interior design and sales software, announced today the closing of its acquisition of all issued and outstanding shares of Data One Inc. The company name will be changed to 20-20 Data One Inc. By completing this acquisition, 20-20 Technologies will now benefit from the market share of Data One's Design Express software within the dealer network of specific office manufacturers and thus further consolidate its market position within the design centers of office furniture dealerships. Moreover, the Catalog Express software from DataOne will help 20-20 succeed in bringing sales automation Sales Automation - Sales Force Automation to the office furniture industry. "20-20 is the undisputed leader in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. in the automation of office furniture dealership design centers. However, the sales process A sales process is a systematic approach for performing product or service sales. The reasons for having a sales process include seller and buyer risk management, achieving standardized customer interaction in sales and scalable revenue generation. itself is largely manual and inefficient," says Jean-Francois Grou, President and COO of 20-20. To address this industry issue, Jean Mignault, 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 20-20 added: "For 2006, we are 100% focused on making sales automation in the office furniture industry a mainstream application, based on our 20-20 software platform. 20-20 Catalog Express, developed by Data One, will help us obtain fully textured, visually compelling and comprehensive catalogs for our 20-20 Office Sales software." The success of 20-20's office sales automation strategy will be greatly enhanced by the availability of comprehensive catalogs for the sales tool. 20-20 is currently collaborating closely with office furniture manufacturers to realize this important and essential progress for the industry. The 20-20 office sales software is linked, through our Project Exchange module, to the 20-20 CAP Design Center software, thereby creating a complete office sales system. Bruce Allum, the current manager of Data One Inc., will continue to manager the Data One team and will be joining the 20-20 Manufacturer Sales group. 20-20 Technologies also announced that the integration process of CMS (1) See content management system and color management system. (2) (Conversational Monitor System) Software that provides interactive communications for IBM's VM operating system. Informatique S.A., a transaction which 20-20 has now closed, is currently under way and proceeding as planned. Due to the highly complementary nature of CMS's existing product line, 20-20 will rapidly leverage the combined operations, sales and distribution capabilities of its expanded Southern Europe activities, while fully optimizing its future integrated product offering. About 20-20 Technologies Inc. 20-20 Technologies is the world's leading provider of computer-aided design computer-aided design (CAD) or computer-aided design and drafting (CADD), form of automation that helps designers prepare drawings, specifications, parts lists, and other design-related elements using special graphics- and calculations-intensive and sales software for the interior design industry. The Company's software offers state of the art design, specification, photo-realistic rendering and 3D visualization for configurable products in the residential and commercial interior design markets. In addition, 20-20 offers proprietary end-to-end solutions, integrating the entire design, sales, supply chain and manufacturing processes of the industry. 20-20's solutions also include an integration platform for enterprise resource planning See ERP. (application, business) Enterprise Resource Planning - (ERP) Any software system designed to support and automate the business processes of medium and large businesses. systems as well as computer-aided engineering and planning software tailored for the industry's manufacturers. 20-20's software is sold in more than 90 countries and used at over 26,000 points of sale worldwide. 20-20 is a publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. (TWT) on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. (TSX). For more information, visit www.2020technologies.com. Forward-Looking Statements Certain statements made or incorporated by reference in this press release may constitute "forward-looking" statements, within the meaning of applicable securities laws, which involve known and unknown risks, uncertainties and other factors (including, but not limited to, the factors discussed under "Risk Factors" in our Annual Information Form) which may cause our actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements, which involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not such results will be achieved. Although the forward-looking statements contained in this press release are based upon what we believe are reasonable assumptions, we cannot assure investors that actual results will be consistent with these forward-looking statements. These forward-looking statements reflect current expectations regarding future events and speak only as of the date of this press release, and we assume no obligation to update or revise them to reflect new events or circumstances. 20-20 Technologies Inc. (TSX:TWT) |
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