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ARI Announces New Banking Relationship; Includes Additional Line of Credit for Financial Flexibility.


MILWAUKEE -- ARI ARI Acute respiratory infection, see there  (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
:ARIS ARIS American Religious Identification Survey
ARIS Architecture of Integrated Information Systems
ARIS Active Rack Isolation System
ARIS Aggregate Route-based IP Switching
ARIS Agentia Romana pentru Investitii Straine
), a leading provider of e-Catalog business solutions that connect equipment dealers with the manufacturers and distributors whose products they sell and service, today announced it has established a new banking relationship with Bank One in Milwaukee.

"This is a positive step for ARI. Bank One's capabilities and geographic scope are a good strategic fit for our business and growth strategies. We look forward to working with Bank One as our financial partner," said Brian E. Dearing, chairman and chief executive officer of ARI.

According to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

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 Dearing, ARI selected Bank One because of the many benefits the new relationship provides for the Company. Bank One is a market leader in automatic transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time.

Transaction processing systems are the backbone of an organization because they update constantly.
, which will benefit ARI as the company continues to increase its dealer revenues. As a result of its recent merger with J.P. Morgan Chase, Bank One has a significant presence in Europe, where ARI has existing operations and a growing customer base. Bank One's extensive experience with mergers and acquisitions will also be valuable to ARI as the company focuses on this key component of its growth strategy.

Timothy Sherlock A Macintosh utility starting with Version 8.5 of the operating system that provides a common facility for searching the local hard disk, the local network and the Internet. , vice president and chief financial officer of ARI, said the new relationship with Bank One includes a $500,000 line of credit. "We already have adequate cash flow and credit for our day-to-day operations. The new credit line gives us financial flexibility at a lower cost of capital. That will be very important to us as we pursue renewed growth."

Sherlock added that ARI will also benefit from a higher level of service and lower transaction fees with Bank One. Reducing its banking fees is part of ARI's ongoing strategy to control operating expenses Operating expenses

The amount paid for asset maintenance or the cost of doing business, excluding depreciation. Earnings are distributed after operating expenses are deducted.
.

"We are pleased to be working with ARI and to be providing financial services The examples and perspective in this article or section may not represent a worldwide view of the subject.
Please [ improve this article] or discuss the issue on the talk page.
 to one of Wisconsin's leading technology companies. Bank One is a good strategic partner for ARI and we look forward to helping ARI to grow its business," said Patrick C. O'Connor, first vice president, Bank One.

Dearing said ARI has made tremendous progress over the past two years in improving its financial condition. "Our new banking relationship with Bank One further strengthens our financial position and our ability to execute our growth strategies," he added.

About ARI

ARI is a leading provider of e-Catalog business solutions for sales, service and life-cycle product support for dealers, distributors and manufacturers in the equipment industry. ARI currently provides approximately 76 parts catalogs (many of which contain multiple lines of equipment) for approximately 60 equipment manufacturers in the U.S. and Europe. More than 88,000 catalog subscriptions are provided through ARI to approximately 25,000 dealers and distributors in more than 100 countries in a dozen segments of the worldwide equipment market including outdoor power, power sports, recreation vehicle, floor maintenance, auto and truck parts aftermarket Aftermarket

See: Secondary market.


aftermarket

See secondary market.
, marine and construction. The Company builds and supports a full suite of multi-media electronic catalog publishing and viewing software for the Web or CD and provides expert catalog publishing and consulting services. ARI also provides a template-based dealer website service that makes it quick and easy for an equipment dealer to have a professional and attractive website. In addition, ARI e-Catalog systems support a variety of electronic pathways for parts orders, warranty claims and other transactions between manufacturers and their networks of sales and service points. ARI currently operates three offices in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area.  and one in Europe and has sales and service agents in Australia, England and France providing marketing and support of its products and services.

Statements in this news release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and . The forward-looking statements can generally be identified by words such as "believes," "anticipates," "expects" or words of similar meaning. Forward-looking statements also include statements relating to relating to relate prepconcernant

relating to relate prepbezüglich +gen, mit Bezug auf +acc 
 the Company's future performance, such as future prospects, revenues, profits and cash flows. The forward-looking statements are subject to risks and uncertainties, which may cause actual results to be materially different from any future performance suggested in the forward-looking statements. Such risks and uncertainties include those factors described under "Forward Looking Statements Disclosure" in Exhibit 99.1 of the Company's annual report on Form 10-K Form 10-K

A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information.


Form 10-K

See 10-K.
 for fiscal year ended July 31, 2003 filed with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements. The forward-looking statements are made only as of the date hereof, and the Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements. For more information, please refer to the Company's filings with the Securities and Exchange Commission.
COPYRIGHT 2004 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jul 9, 2004
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