Apparel Technologies, Inc. Sierra Division signs $5 million agreement with Winpoint Retail Consulting Services, Inc.COMMERCE, Calif.--(BUSINESS WIRE)--Nov. 11, 1997--APPAREL TECHNOLOGIES, INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . (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 :APTX APTX Aprataxin APTX Advanced Process and Technology Experiment (US Air Force) ) announced today that its Sierra Fixture & Design division has entered into an agreement with Winpoint Retail Consulting Services, Inc. to be the primary provider of 550 of Winpoint's Smart Pavilions through the year 2000, for a total consideration of $5 million. Installations will be made in shopping malls and retail establishments throughout the United States with the first installations scheduled for the Santa Monica Place Santa Monica Place is a three-story, 570,000 square-foot shopping mall in Santa Monica, California. The mall is located at the south end of the famous Third Street Promenade, and is also two blocks from the Santa Monica Pier and the beach. Mall in Santa Monica, CA and the Columbia Mall in Columbia, MD. Kathryn Van Ness, 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. of Apparel Technologies, stated: "Our agreement with Winpoint represents the largest single order obtained to date by Sierra and reflects the reputation which Sierra has established in the kiosk and retail fixture industry since its formation in 1995. We are extremely excited about establishing a long term relationship with Winpoint as it is a leader in providing innovative software solutions for the retail and point-of-purchase businesses and represents some of the largest malls and retailing chains in the country." Winpoint Retail Consulting Services is a 20-year old developer of software for the retail marketing and point-of-purchase industries. Its award winning Smart Pavilion system, in partnership with major retail developers, offers shoppers free internet service An ISP that provides access to the Internet without charge to the user. The service is supported by advertising which appears on a special version of the user's browser and cannot be eliminated. NetZero (www.netzero. in malls around the country. Each Pavilion, which sits in the center court of a mall, has four sides featuring touch screen displays allowing shoppers to find directions to stores, view online catalogues, access coupons and play games. The Pavilions also have several televisions that show commercials for products and services available in the mall. Shoppers may also access the systems outside of the mall via the internet from their personal computers and are given an opportunity to shop at their local malls with local delivery in as little as one hour. The Sierra Fixture & Design unit of Apparel Technologies, Inc. designs, markets and installs fixtures used in retail stores, malls and mall service operations. Sierra's fixtures include temporary retail units, kiosks, carts and marketing directories, many of them incorporating state-of-the art electronics, debit card debit card, card that allows the cost of goods or services that are purchased to be deducted directly from the purchaser's checking account. They can also be used at automated teller machines for withdrawing cash from the user's checking account. systems, interactive computers and touch screen directories. Apparel Technologies' other divisions include The Digital Group, which provides proprietary advanced technology for digital printing; Susan Burrowes, Ltd., manufacturer of women's apparel for leading national retailers; and Just Jackets, Inc., which customizes jackets and denim shirts. -0- Except for historical matters contained herein, the matters discussed in this press release are forward-looking statements and are made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions 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 of 1995. These forward-looking statements reflect assumptions and involve risks and uncertainties which may affect Apparel Technologies, Inc.'s business and prospects and cause actual results to differ materially from these forward-looking statements CONTACT: Kathryn Van Ness President & CEO 213/725-4955 |
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