AremisSoft's Manufacturing Division Announces Two New Contracts With The Schleipen & Erkens Group.Business/Technology Editors BLACKBURN, England--(BUSINESS WIRE)--July 5, 2000 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 that the Schleipen & Erkens Group, an international, German-based manufacturer of paper and laminate laminate, n a thin slice of porcelain or plastic fabricated in a dental lab, which is cemented to the front of the teeth to cover gaps, whiten stained teeth, or reshape chipped or broken teeth. coatings, selected aremis enterprise for its Smith & McLaurin Limited division, a United Kingdom-based manufacturer of self-adhesive labels and tags for a variety of end user applications. The implementation of aremis enterprise has an approximate contract value of $700,000 and is part of Schleipen & Erkens' strategy of reengineering its business to better fulfill ful·fill also ful·fil tr.v. ful·filled, ful·fill·ing, ful·fills also ful·fils 1. To bring into actuality; effect: fulfilled their promises. 2. the needs of its customers worldwide. The aremis enterprise will be implemented as a new company-wide ERP (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer. system within Smith & McLaurin's branch, Spectrum Adhesive adhesive, substance capable of sticking to surfaces of other substances and bonding them to one another. The term adhesive cement is sometimes used in place of adhesive, especially when referring to a synthetic adhesive. Coaters, a United Kingdom-based manufacturer of coated paper Coated paper is paper which has been coated by an inorganic compound to impart certain qualities to the paper, including weight and surface gloss, smoothness or ink absorbency. Kaolinite is the compound most often used for coating papers used in commercial printing. and film products, special self adhesive films and industrial tapes. Under the terms of the contract, a sixty -user aremis enterprise system will be running on a Sun Solaris, replacing existing legacy applications. The implementation is expected to be completed by October, 2000. AremisSoft was selected by Schleipen & Erkens as part of a company-wide program to increase its competitive advantage in the self-adhesive label and tag converters marketplace. With the aremis enterprise system, Spectrum plans to streamline and better control the manufacturing process in its facilities. Spectrum supplies the electronics, industrial, food and beverage F&B is a common abbreviation in the United States and Commonwealth countries, including Hong Kong. F&B is typically the widely accepted abbreviation for "Food and Beverage," which is the sector/industry that specializes in the conceptualization, the making of, and delivery of foods. , health and beauty, security and brand protection, as well as event and travel ticket, marketing. Barry Crowe, General Manager and Vice President, AremisSoft (UK) plc, commented, "We are pleased that Schleipen & Erkens Group chose aremis enterprise to overhaul its ERP system. This particular type of contract underscores our ability to meet the needs of dimensional manufacturing businesses. It also illustrates that we have the product and the expertise to give companies from 10 to 400 users a tried and true ERP application to fit their current and future needs. Overall, Spectrum's selection of the aremis product is testimony of our successfully demonstrating the value behind aremis enterprise, the proven-value philosophy, which is the cornerstone of our business." Edwin Shufflebotham, General Manager, Spectrum McLaurin, "AremisSoft was selected because of its demonstrated success in dimensional manufacturing, the practical applications of cutting and slicing which can be applied into textiles, paper goods, and other dimensionally measured manufacturing operations Manufacturing operations concern the operation of a facility, as opposed to maintenance, supply and distribution, health, and safety, emergency response, human resources, security, information technology and other infrastructural support organizations. . We were also impressed im·press 1 tr.v. im·pressed, im·press·ing, im·press·es 1. To affect strongly, often favorably: with the expertise of the aremis team supporting the product. Having evaluated several other ERP solutions with their respective teams, the people at AremisSoft offered the most effective approach to project management. Their experiences within similar industries to ours reassured re·as·sure tr.v. re·as·sured, re·as·sur·ing, re·as·sures 1. To restore confidence to. 2. To assure again. 3. To reinsure. us that our industry-specific concerns would be well understood and appreciated." 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 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 212 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 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. 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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