ARI Updates Shareholders on Growth Strategies; Focusing on Expanding Customer Relationships, Additional Product Offerings and Acquisitions.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 electronic catalogs and related technology and services to increase sales and profits for dealers in the manufactured equipment markets, updated shareholders on its future growth strategies at its recent Annual Meeting of Shareholders. At the meeting, Richard Weening and Bill Mortimore were elected to serve on the Company's Board of Directors for three years, and Wipfli, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control was ratified rat·i·fy tr.v. rat·i·fied, rat·i·fy·ing, rat·i·fies To approve and give formal sanction to; confirm. See Synonyms at approve. as the Company's external auditors 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. for FY 2005. In his annual "State of the Business" presentation, Brian E. Dearing, chairman and chief executive officer of ARI, told shareholders, "Our goal is to grow the business to $100 million in sales over the next five years. Our strategies to accomplish this include organic growth through expanding our relationships with our strong base of over 28,000 manufactured equipment dealers and developing new products, along with additional growth through acquisitions." "Our focus will continue to be on our primary customer base of manufactured equipment dealers. We believe there are excellent opportunities for ARI to build on our core electronic catalog business by expanding into adjacent areas, such as integrated marketing services, that will help dealers to better manage their businesses. Over the last year, we've conducted one-on-one interviews with dealers to find out what additional products and services they would like ARI to offer. Our dealers told us that they want ARI to help them increase their sales, profits and productivity. We plan to expand our relationships with existing dealers and attract new dealers by offering a broader product suite that meets their needs," said Dearing. Dearing said the Company's recent enhancements to WebsiteSmart(TM) and introduction of ARI MailSmart(TM) are the first steps in providing integrated marketing solutions for dealers. The company also recently introduced ARI ServiceSmart(TM), a fleet maintenance management solution for a related customer base -- equipment owners. "Additional new products for our markets are under development. As part of this initiative, we recently invested $400,000 to acquire software that will serve as the basis for a new ARI offering that will be released later this winter," said Dearing. "Our goal is that about half of our growth will come from acquisitions. We have an active business development program that seeks acquisitions that will help grow the company in a combination of three ways: increasing our customer base, enhancing our product portfolio and/or bringing talented people to our organization. Our acquisition criteria include requirements that they be a good fit with our existing business and be rapidly accretive to earnings, cash flow, and revenue per share. We have significantly strengthened our financial position over the past few years and are happy to be back in the acquisition mode again," Dearing said. Dearing said the Company also plans to grow its European operations. "We have invested in new products and staffing for this business and plan to convert this organization to the dealer-centric model that has been so successful for us in the U.S. We look forward to building on the established base we already have in this market," Dearing added. Dearing said he expected profit, cash flow and earnings before interest, taxes, depreciation and amortization Earnings before interest, taxes, depreciation and amortization (EBITDA) is a non-GAAP metric that can be used to evaluate a company's profitability.
A replay of the audio and a copy of Mr. Dearing's slide presentation is available on ARI's website, www.arinet.com. To access the Webcast and/or the slide presentation, click on the Investor Relations Investor relations The process by which the corporation communicates with its investors. tab on the Company's home page. About ARI ARI is a leading provider of electronic parts catalogs Noun 1. parts catalog - a list advertising parts for machinery along with prices parts catalogue catalogue, catalog - a complete list of things; usually arranged systematically; "it does not pretend to be a catalog of his achievements" and related technology and services to increase sales and profits for dealers in the manufactured equipment markets. ARI currently provides approximately 78 parts catalogs (many of which contain multiple lines of equipment) for approximately 65 equipment manufacturers in the U.S. and Europe. More than 88,000 catalog subscriptions are provided through ARI to more than 28,000 dealers and distributors in more than 120 countries in a dozen segments of the worldwide equipment market including outdoor power, power sports, ag equipment, 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 Noun 1. consulting service - service provided by a professional advisor (e.g., a lawyer or doctor or CPA etc.) service - work done by one person or group that benefits another; "budget separately for goods and services" . ARI also provides dealer marketing services, including technology-enabled direct mail and 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 England and France providing marketing and support of its products and services. Statements in this news release are "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " 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," "plans," "goals" or words of similar meaning. Forward-looking statements also include statements relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the Company's sales growth and 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-KSB for fiscal year ended July 31, 2004 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. |
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