Retek Continues Growth in Asia-Pacific; Retek Japan Headquarters Established; Hiroshi Yamashita Named Chairman.Business EditorsMINNEAPOLIS--(BUSINESS WIRE)--Aug. 21, 2002 Retek Inc. (Nasdaq:RETK) today announced that it has established Retek Japan K.K., headquartered in Tokyo. The new operation has been established to promote Retek's leading-edge retail systems solutions in the Japan market. Hiroshi Yamashita has been named chairman of the board of Retek Japan K.K. "The Japanese retail market has experienced significant challenges in the last five years," said Ian Johnston
Ian Johnston (Walter Ian Harewood Johnston, February 16, 1930 – March 19, 2001) was one of the true pioneers of reproductive medicine in Australia. , president of Retek Asia Pacific. "As the world's second largest retail market, Japan presents a strong market opportunity for Retek. While building stronger relationships with our existing partners and clients in the region, we felt this was the time to formalize our presence in Japan, allowing us to better interact with existing and future retail customers." Hiroshi Yamashita joins Retek with over 30 years experience in the Japanese technology industry. Yamashita is an experienced sales, marketing and information technology leader with strong capabilities in strategic and financial planning Financial planning Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against . "Yamashita-san has demonstrated his proven success with strong technology experience in both Japan and the USA and provides strong guidance and support for Retek Japan," continued Johnston. "His vast experience will greatly benefit Retek's entry into the Japan market." Prior to Retek, Yamashita held various executive positions at Honeywell, serving as president of Honeywell Information Systems Japan. He also held sales executive positions at Univac. Appointed as Honorary Trade Representative of the State of Minnesota by three consecutive governors, including Governor Jesse Ventura Jesse Ventura (born James George Janos on July 15, 1951), also known as "The Body", "The Star", and "The Governing Body", is an American politician, retired professional wrestler, Navy UDT veteran, actor, and former radio and television talk show host. , Yamashita is a seasoned veteran with extensive experience in international trade. Yamashita has a Bachelor of Law degree from the University of Tokyo “Todai” redirects here. For the restaurant called Todai, see Todai (restaurant). The University of Tokyo (東京大学 Law School and was awarded a Fulbright Scholarship Fulbright scholarship Educational grant under an international exchange program created to increase understanding between the U.S. and other countries. The program was conceived by U.S. Sen. J. William Fulbright and instituted by the Fulbright Act of 1946. to the University of Wisconsin Graduate School of Economics. He currently resides in Tokyo, Japan. The Retek Japan office is located in Tokyo's new office tower, the Aoyama Palacio Tower. Located in the heart of Tokyo's cosmopolitan center, at 11th Floor Aoyama Palacio Tower, 3-6-7 Kita Aoyama, Minato-Ku Tokyo, Japan 107-0061, this area is home to many technology, multimedia, retail and business venture companies. Retek is already engaged in substantial sales and marketing activities in the Japan market. Retek is the platinum sponsor of the upcoming tradeshow, Retail Technology Summit Tokyo, September 10-12, organized by Moonwatch Media in cooperation with Nihon Keizai Shimbun Nihon Keizai Shimbun (日本経済新聞 , Inc. With customers in over 20 countries across the world, Retek has additional offices in the United States, Great Britain, France, Germany and Australia. Retek was recently ranked as the third fastest growing software firm in Great Britain's Infoconomist Magazine's Top 100 Global Software. Retek was also named the number one software vendor for retail by the Retail Info Systems (RIS RIS rabies inhibiting substance. ) News Leaderboard lead·er·board n. A board that displays the leaders in a competition. leaderboard Noun a board displaying the current scores of the leading competitors, esp in a golf tournament study of the top 50 software companies serving the retail industry. About Retek Inc. Retek Inc. (Nasdaq:RETK) is the leading provider of mission-critical software and services to the retail industry. Retek 10 integrates collaborative software with patented predictive technologies, consulting services, and the best practices of customers and partners to help retailers create, manage and fulfill consumer demand. Leading global retailers including Fast Retailing, A&P, Tesco, Best Buy, Family Dollar Stores, Gap Inc., Sainsbury's, Eckerd Corp. and Kohl's Department Stores use Retek solutions. On the net: Retek at http://www.retek.com. Retek is a trademark of Retek Inc. Other names may be trademarks of their respective owners. Forward-looking statements contained in this press release are made under 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. Provision 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. Any such statements are subject to risks and uncertainties that could cause actual results to differ materially from those anticipated. Such factors are described from time to time 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. and other reports filed with the Securities and Exchange Commission. |
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