ActiveRMS, an Internet-Based ASP, Showcased at the NRF Trade Show in New York.Business Editors/High Tech Writers KITCHENER, Ontario--(BUSINESS WIRE)--Jan. 14, 2000 Compelis Corporation, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Treasury International Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: TREY) has been invited to demonstrate ActiveRMS in the Ultimate Technology Corporation booth (Booth #1149) at the National Retail Federation (NRF NRF National Retail Federation NRF NATO Response Force NRF National Research Foundation (South Africa) NRF Neighbourhood Renewal Fund (urban renewal funding package in the UK) NRF Nouvelle Revue Française ) Trade Show in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of . Ultimate Technology Corporation (UTC (Coordinated Universal Time, Temps Universel Coordonné) The international time standard (formerly Greenwich Mean Time, or GMT). Zero hours UTC is midnight in Greenwich, England, which is located at 0 degrees longitude. ), a wholly owned subsidiary of Tridex Corporaton (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : TRDX), is a leading designer, assembler and integrator of Point-of-Sale (POS (1) See point of sale and packet over SONET. (2) "Parent over shoulder." See digispeak. POS - point of sale ) hardware. Marketing to end users as well as through VARs and software developers, UTC has installed thousands of POS systems into retail establishments. This trade show provides Compelis an opportunity to showcase its leading edge products to a broad base of potential retail clients. Compelis is successfully addressing the technology, human resource and computer hardware requirements needed to support a retail establishment's IT infrastructure. With leading-edge Internet-based technology, industry vertical experience and through strategic relationships Compelis addresses the various challenges facing retailers by redefining how their computer solutions are implemented and utilized. The application service provider (ASP) market is expected to sizzle in the next few years. According to the information technology research firm IDC, companies spent $23 million in 1998 to have a third party host their applications. IDC predicts that that number will jump to $2 billion by 2003 with entire IS outsourcing topping $151 billion driven largely by small and medium-sized companies. Cynthia Murphy, senior analyst with IDC's Outsourcing research program states, "Economic factors such as globalization globalization Process by which the experience of everyday life, marked by the diffusion of commodities and ideas, is becoming standardized around the world. Factors that have contributed to globalization include increasingly sophisticated communications and transportation , privatization, deregulation Deregulation The reduction or elimination of government power in a particular industry, usually enacted to create more competition within the industry. Notes: Traditional areas that have been deregulated are the telephone and airline industries. and technological innovation have increased competition in many industries and regions across the world. To remain competitive, many companies outsource as a way to reduce costs, increase efficiencies and refocus critical resources." Compelis has the favorable position of being an early entrant in the thin-client, Internet-based retail systems market with ActiveRMS. This Retail Management System integrates the various operational systems and e-commerce initiatives of a retail enterprise. As an ASP hosted application it offers lower cost of technology ownership and support while providing rich functionality, ease of use and real time access to information. The ActiveRMS family of Retail Information and Technology Products integrates the various operational systems of the retail enterprise through the Internet and a desktop browser bringing relevant and timely information and processes to the appropriate decision maker quicker and more cost effectively. In addition, ActiveRMS can be linked to existing legacy systems, preserving earlier investments and extending their benefits. The Compelis development team has been recognized in two consecutive years for design quality and the ability to meet retailer's requirements with the Microsoft RAD (Retail Application Developer) Award. For more than a decade, they have lead the way in Windows and Touch-Screen solutions for Retail. For more information about ActiveRMS, send email to info@compelis.com. |
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