AremisSoft's Construction Division Announces New Cost Saving Estimating System.Business Editors/Technology Writers NEW YORK--(BUSINESS WIRE)--Sept. 7, 2000 Revolutionary product reduces project time by more than 50% AremisSoft Corporation (Nasdaq:AREM AREM All-Random Easy Mode (gaming, Dota Allstars) AREM Avian Richness Evaluation Method ), a leading international supplier of enterprise-wide software and Internet-enabled solutions for the manufacturing, hospitality, healthcare and construction industries, today announced the launch of a new knowledge-based estimating package, ViXEN vixen female fox. Budget, by its Construction Division. The launch is initially targeted for new and existing customers in the mechanical and electrical contracting industries, with expansion into additional markets in the future. ViXEN Budget, which complements the ViXEN suite of construction management applications, produces a budget estimate for design and build opportunities in a fraction of the time compared to traditional manual and spreadsheet spreadsheet Computer software that allows the user to enter columns and rows of numbers in a ledgerlike format. Any cell of the ledger may contain either data or a formula that describes the value that should be inserted therein based on the values in other cells. procedures. Pre-launch testing reduced project estimation estimation In mathematics, use of a function or formula to derive a solution or make a prediction. Unlike approximation, it has precise connotations. In statistics, for example, it connotes the careful selection and testing of a function called an estimator. from between four to five days to between two to three hours. ViXEN Budget provides a timely cost estimate by prompting the design/estimating engineer with simple questions. The system references its "knowledge" base and provides an estimate with a fully detailed cost breakdown backed by extensive documentation. Brian Rogers Brian Alan Rogers (born July 17, 1982 in Dallas, Texas) is a relief pitcher in Major League Baseball who currently plays for the Pittsburgh Pirates. He made his major league debut as a September call up on September 1, 2006. External Links
adj. Taking up much time. time-consuming Adjective taking up a great deal of time Adj. 1. tasks of measuring every material and labor item required by traditional estimating methods, including computer-aided Computer-aided- or Computer-assisted- is a prefix that hints to the use of a computer as an indispensable tool in a certain field, usually derived from more traditional fields of science and engineering. estimation. Additionally, ViXEN Budget enables users to respond to cost requests at the earliest stage of a project, even before drawings have been produced and project information is incomplete. We are confident in the success and quick adoption of ViXEN Budget because of its substantial cost and time savings." About AremisSoft Corporation AremisSoft develops, markets, implements and supports enterprise-wide applications software targeted at mid-sized organizations in the manufacturing, healthcare, hospitality and construction industries. The Company's software products help streamline and enhance an organization's ability to manage and execute mission-critical functions such as accounting, purchasing, manufacturing, customer service and sales and marketing. AremisSoft reported total revenue of $73.4 million for the twelve months ended December December: see month. 31, 1999 and net income of $12.1 million before extraordinary gains for the same period. AremisSoft has over 500 employees, with sales in 10 countries and a customer base in excess of 5,000. The Company also operates a software development and support facility in India, with over 200 employees, which provides significant organizational efficiencies and cost advantages in software development and support. Cautionary Statement for Purposes of 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: All statements, other than historical facts, included in the foregoing press release regarding the Company's financial position, business strategy, and plans of management for future operations are "forward looking statements." These statements are based on management's beliefs and assumptions, and on information currently available to management. Forward looking statements include, but are not limited to, statements in which words such as "expect," "see," "anticipate," "intend," "plan," "believe," "estimate," "consider," or similar expressions are used. Forward looking statements are not guarantees of future performance. They involve risks, uncertainties, and assumptions, including risks discussed under "Risk Factors" in 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. , SEC File No. 0-25713, all of which are incorporated herein by reference. The Company's actual results and stockholder values may differ materially from those anticipated or expressed in these forward looking statements. Many of the factors that will determine these results and values are beyond the Company's ability to control or predict. Readers of this press release are cautioned not to put undue reliance on any forward looking statement. The Company undertakes no obligation to publicly update these forward looking statements, whether as a result of new information, future events or otherwise. |
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