Amphire Profits Fuel Aggressive Acquisition Strategy; Amphire Delivers Thirteenth Consecutive Quarter of Profitability.REDWOOD SHORES, Calif. -- Amphire(R) Solutions announced today that 2005 fourth quarter earnings grew 44 percent versus the previous quarter and that the company has achieved its thirteenth consecutive quarter of profitability. With today's announcement of Amphire's acquisition of the Tibersoft Commerce and Buyer products, Amphire's trading community will grow more than 35 percent to over 40,000 foodservice brokers, buying and selling groups Selling Group All financial institutions involved in selling or marketing a new issue of debt or equity but not necessarily participating in the underwriting consortium. Notes: , distributors, operators and suppliers actively using Amphire's on-demand applications. "Our high level of profitability allows us to pursue an aggressive growth strategy which includes organic growth from new product development such as Reconcile(TM) for contract and rebate management. In addition, Amphire's profits are fueling our aggressive acquisition strategy," said Mark Barnekow, Amphire's 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. . "We are working on several acquisitions which will help us achieve our goals of adding valuable technology to our portfolio, expanding the Amphire community and delivering better information. The fact that Private Equity firms are highly interested in Amphire's performance and acquisition strategy is a testament to the financial success of the company." Barnekow continued, "We are being approached by several private equity players who are interested in Amphire's acquisition strategy, vertical focus and recurring revenue model in which ninety to ninety five percent of our revenue is predictable month to month." In lieu of Amphire's forecasted sales and acquisition activity, the company expects to achieve 100 percent growth before the end of 2006. About Amphire Solutions, Inc. Amphire is a provider of information management, data synchronization Keeping data in two or more computers up-to-date so that each repository contains the identical information. Data in handheld devices and laptops often require synchronization with the data in a desktop machine or server. and Internet-based supply chain optimization Supply Chain Optimization is the application of processes and tools to ensure the optimal operation of a manufacturing and distribution supply chain. This includes the optimal placement of inventory within the supply chain, minimizing operating costs (including manufacturing costs, solutions serving the foodservice, consumer packaged goods Noun 1. packaged goods - groceries that are packaged for sale foodstuff, grocery - (usually plural) consumer goods sold by a grocer plural, plural form - the form of a word that is used to denote more than one , technology, janitorial and sanitation, and paper and industrial packaging trading communities. Amphire's comprehensive suite of solutions enables the flow of transaction and critical business information between buyers and sellers. Compliant with emerging supply chain standards, Amphire's products allow enterprises to address fundamental supply chain challenges such as global data synchronization, product information management, RFID (Radio Frequency IDentification) A data collection technology that uses electronic tags for storing data. The tag, also known as an "electronic label," "transponder" or "code plate," is made up of an RFID chip attached to an antenna. (Radio Frequency Identification See RFID. ) transaction management, contract master standardization standardization In industry, the development and application of standards that make it possible to manufacture a large volume of interchangeable parts. Standardization may focus on engineering standards, such as properties of materials, fits and tolerances, and drafting , contract compliance, promotions and rebate management, reporting and analytics, and supply and demand forecasting with configurable and user friendly web-based solutions. For more information, please visit www.amphire.com. |
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