Electronic Retailing Systems International, Inc. Completes Wireless Electronic Shelf Label Installation for Schnuck Markets, Inc.NORWALK, Conn.--(BUSINESS WIRE)--July 21, 1999-- -- Brings Total to 63 ShelfServer(R) Installations -- Electronic Retailing Systems International, Inc. (ERS ERS, n.pr See extended rotated side-bent. ) (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 : ERSI ERSI Environment Remote Sensing Institute ) today announced the completion of its most recent installation of the ShelfNet(R) wireless, RF-based Electronic Shelf Label Electronic Shelf Label is a system used by Retailers for displaying price on shelves. Automating the price change process enhances in-store merchandising and store compliance. These features add up to increased sales and reduced overall operational costs. (ESL (1) An earlier family of client/server development tools for Windows and OS/2 from Ardent Software (formerly VMARK). It was originally developed by Easel Corporation, which was acquired by VMARK. ) system. This latest installation was for Schnuck Markets, Inc. in their Schnucks Express store in St. Louis, which opened on July 14, 1999. In addition to this new installation, ERS has completed 28 system upgrades to the new third generation of ShelfServer software in the past six weeks. ERS now has a total of 63 ShelfServer installations located across the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Customers include the Rite Aid Rite Aid (NYSE: RAD) is a United States retailer and pharmacy chain, operating over 5,000 stores in 31 states and the District of Columbia. Rite Aid Corporation is one of the nation's leading drugstore chains. Corporation, Shaw's Supermarkets and the Stop and Shop Supermarket Company. "This latest installation represents an expansion in both customer and geographic coverage. We now have ShelfServer-driven systems installed in seven states," said Bruce F. Failing, Jr., chief executive officer for ERS. "Now that most retailers have apparently put their Y2K See Y2K problem and Y2K compliant. Y2K - Year 2000 concerns behind them, we are seeing a heightened interested in ESLs, due in part to the reliable and consistent performance by our ShelfServer software." ERS is a leading developer and supplier of electronic shelf labeling systems designed to improve retailer profitability. The ERS ShelfNet(R) system is designed to assist retailers in cost savings and pricing accuracy by using a wireless network to link a store's central computer both to its check-out scanner and to the ESLs that display pricing information at the shelf edge. With ShelfNet, this pricing information is updated automatically on the ESLs when prices in the point-of-sale (POS (1) See point of sale and packet over SONET. (2) "Parent over shoulder." See digispeak. POS - point of sale ) scanner are changed. This provides price integrity between the shelf edge and the POS scanners. ShelfNet uses spread spectrum RF technology, which is the most widely used method of wireless communication in retail today. ShelfServer software, which can run on a variety of different operating systems, is the core of the system that provides price display, reporting and printing functionality. In addition, ShelfNet uses a suite of patented software applications designed to communicate merchandising, inventory and other information to and from store personnel in the aisle. These applications are designed to provide value-added benefits to retailers in the areas of shelf-edge merchandising, replenishment control, strategic pricing and shelf set compliance. This press release contains forward-looking statements that involve risks and uncertainties. ERS' actual results may vary from those anticipated due to a number of factors, including, without limitation, the timely availability and acceptance of new products, the rate of development of the emerging market for electronic shelf label systems, the impact of competitive products and pricing, the management of growth, and other factors set forth in reports and other documents filed by ERS with the Securities and Exchange Commission from time to time. |
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