Retalix Subsidiary PalmPoint Ltd. to Provide Mobile Software Solution for Pri Galil-Vita.Business Editors RA-ANANA, Israel--(BUSINESS WIRE)--Aug. 28, 2001 Retalix Ltd. (Nasdaq:RTLX) today announced that its subsidiary PalmPoint Ltd. has been selected by Pri Galil-Vita to deploy its PalmOrder mobile software solutions across the Israeli food supplier's entire sales and distribution network. The PalmOrder system will allow Pri Galil-Vita's sales agents to undertake store-level ordering from retailers via hand-held mobile computing Using a computing device while in transit. Mobile computing implies wireless transmission, but wireless transmission does not necessarily imply mobile computing. Fixed wireless applications use satellites, radio systems and lasers to transmit between permanent objects such as buildings devices and to benefit from real-time communication with the food supplier's centrally hosted 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. ordering system. Pri Galil-Vita, part of the 3i group, is one of Israel's leading food suppliers. The company has more than 60 sales agents catering to a variety of market sectors including large chains, wholesalers, retailers and professionals. Company brands include Pri Galil, Green Giant, Rich, Vita, Vita Chef, Jaffa Gold and Energy. Danny Bar Tal, vice president for Pri Galil-Vita, said, "We chose PalmPoint on the basis of a proven partnership of many years standing. PalmPoint is the only vendor that offers market-leading, off-the-shelf software systems designed to automate To turn a set of manual steps into an operation that goes by itself. See automation. ordering and sales activities in a mobile environment and requiring zero customization. Their commitment to customer service has been further demonstrated by successfully transitioning our existing applications in only one month -- showing we chose the right partner for this job." "The number of high-profile retailers and suppliers that are signing up for our innovative PalmPoint solution confirms that it is the very best mobile software platform on the market for these applications," said Moti Lippmann, chief executive officer of PalmPoint. "Our focus is now turning toward those customers who have previously embraced only tailored solutions. We will demonstrate that our out-of-the-box systems offer unmatched flexibility and a range of functionality that is capable of providing significant, measurable benefits in critical business areas." About Pri Galil Ltd. Pri Galil is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of 3i group. The company is Israel's largest manufacturer of frozen and conserved con·serve v. con·served, con·serv·ing, con·serves v.tr. 1. a. To protect from loss or harm; preserve: vegetables and fruit. Annual revenues are estimated at USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 40 million. In 2000, the company signed an agreement with The Pillsbury Group for the exclusive import and distribution of the Green Giant-brand products in Israel. In 2001, Pri Galil acquired the rights to the commercial activities of food manufacturer Vita Rich. 3i group is a private holding company. 3i group is the owner of Pri Galil, Middle East Pipelines, Fenicia Glass, Naaman Refractors and Barbur-Naaman. About PalmPoint PalmPoint Ltd. is a leading developer of mobile computing solutions for the retailer and supplier industry. Its versatile range of software solutions facilitates sales, ordering and maintenance procedures and provides real-time behavioral changes to both the retailer and supplier. PalmPoint's products are based on standard operating systems Operating systems can be categorized by technology, ownership, licensing, working state, usage, and by many other characteristics. In practice, many of these groupings may overlap. and are supported by major hardware vendors. Moving from project to product-oriented production, PalmPoint joined the Retalix Group in the early 1990s. The synergy The enhanced result of two or more people, groups or organizations working together. In other words, one and one equals three! It comes from the Greek "synergia," which means joint work and cooperative action. between PalmPoint's hand-held technology and Retalix's retail technology has positioned PalmPoint as a market leader in its transition from scanners and hand terminals to hand-held computers Noun 1. hand-held computer - a portable battery-powered computer small enough to be carried in your pocket hand-held microcomputer portable computer - a personal computer that can easily be carried by hand . Web site: www.palmpoint.co.il About Retalix Ltd. Retalix Ltd., with headquarters in Israel, provides integrated enterprise-wide software solutions for the retail food industry worldwide, including supermarkets, convenience stores The following is a list of convenience stores organized by geographical location. Stores are grouped by the lowest heading that contains all locales in which the brands have significant presence. and restaurants. The company offers a full suite of software applications that support a food retailer's essential retailing operations and enable retailers to increase their operating efficiencies while improving customer acquisition, retention and profitability. Recently, the company expanded its product line by offering its head- and back-office applications via the Internet to small chains and single-store food retailers. With installations in more than 15,000 stores and quick service restaurants across 41 countries, the company markets its software solutions through direct sales, distributors, local dealers and through its U.S. subsidiary, Retalix USA Inc., and its various other subsidiaries. The company was founded in 1982 as Point of Sale Ltd. and changed its name in November of 2000 to Retalix Ltd. The company's Ordinary Shares have been publicly traded on the Tel Aviv Stock Exchange Tel Aviv Stock Exchange Israel's only stock exchange. since November 1994 and on the Nasdaq National Market System since July 1998. For further information, visit the company's Web site at www.retalix.com. 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. for 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. : Except for statements of historical fact, the information presented herein constitutes forward-looking statements within the meaning 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. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company, including revenues, income and expenses, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include Pri Galil-Vita's use of the software, the integration of its systems, and other factors over which Retalix may have little or no control. This list is intended to identify only certain of the principal factors that could cause actual results to differ. Readers are referred to the reports and documents filed by Retalix with the Securities and Exchange Commission, including the company's Annual Report on Form 20-F for the year ended Dec. 31, 2000, for a discussion of these and other important risk factors. The company undertakes no obligation to publicly release the results of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof here·of adv. Of this. hereof Adverb Formal or law of or concerning this Adv. 1. hereof - of or concerning this; "the twigs hereof are physic" , or to reflect the occurrence of unanticipated events. |
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