Vertex Interactive Receives New Orders of Over $6.2 Million to Install Wireless Supply Chain Management Systems.Business and Technology Editors CLIFTON, N.J.--(BUSINESS WIRE)--Aug. 3, 2000 Customers Includes Estee Lauder, Cablevision Systems, Antioch of Virginia, Express Dairies Express Dairies is a subidary of Dairy Crest that specialises almost only on home delivery. It was formed in the 1980s. During the late 1990s it was losing money and subsequently sold it's milk and delivery services to Dairy Crest in July 2006. , and Imperial Tobacco VERTEX INTERACTIVE, INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . (NASDAQ-NMS: VETX) ("Vertex" or the "Company"), announced today that it has received new orders totaling over $6.2 million from several prestigious companies to provide a variety of supply chain management solutions. The orders are now being shipped and will be completed over the next three to six months. The Company has been selected by Estee Lauder Companies (NYSE NYSE See: New York Stock Exchange :EL) and Cablevision Systems Corporation (NYSE:CVC See CSC. ) in each case to install the Company's state-of-the-art PickRite(R) inventory/pick-to-light systems for their distribution centers in Pennsylvania and New Jersey, respectively. The PicRite Pic´rite n. 1. (Min.) A dark green igneous rock, consisting largely of chrysolite, with hornblende, augite, biotite, etc. system is one of the foremost tools in the world for improving high unit volume inventory management. Vertex also received an additional order from the Antioch Company to install a Warehouse Management System (WMS WMS Warehouse Management System WMS Web Map Service (open geospatial consortium specification) WMS West Middle School (Rochester Hills, MI) WMS Workforce Management Software WMS Wechsler Memory Scale ). Antioch has selected Vertex's WMS solutions for its use in its inventory distribution facilities in Minnesota, Nevada and Virginia. The Company's high-end WMS inventory management systems are designed to provide high visibility, speed and accuracy in distribution operations. The numerous benefits of Vertex's WMS systems include reduced costs, less inventory required in the supply chain, greater customer responsiveness and increased sales and profitability. Additionally, Vertex received orders from two prominent European companies It may never be fully completed or, depending on its its nature, it may be that it can never be completed. However, new and revised entries in the list are always welcome. This is a list of companies from the countries in the European Union. , Express Dairies plc and Imperial Tobacco Limited plc. Express Dairies ordered the Company's proprietary route management software and systems, to an additional 700 users in Ireland. In addition, Imperial Tobacco plc, will equip its 400 member sales force with 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 systems and peripherals to automate its sales force in the field. These orders exemplify the Company's rapid growth and emergence as a leader in business-to-business order fulfillment Order fulfillment (in BE also: order fulfilment) is in the most general sense the complete process from point of sales inquiry to delivery of a product to the customer. Sometimes Order fulfillment solutions for both e-commerce and traditional distribution channels, dramatically improving the distribution of products through the supply chain system and increasing worker productivity. Vertex is capitalizing on its predominance in wireless software-based warehouse management technologies following its recent acquisition of Data Control Systems. Vertex is already established as a major provider of wireless supply chain execution software, infrastructure technology, and wireless systems to major vertical markets, including the global pharmaceutical and automotive industries Automotive Industries, Ltd. (Hebrew: תעשיות רכב נצרת עלית, תע"ר , and is rapidly expanding into new markets throughout North America, Europe, and the Mid-East. Nicholas Toms, Co-Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Vertex commented, We are very excited to receive these new orders from major companies both in the U.S. and Europe representing our growing presence as a global wireless, supply chain management systems solutions provider. Leading corporations throughout the world are turning to Vertex to provide mission critical functions within their respective supply chains. We have successfully established Vertex as one of the world's leading experts in wireless warehouse management technology, serving the needs of both the burgeoning e-commerce economy, as well as traditional supply chain distribution channels". About Vertex Interactive: Vertex Interactive, Inc. provides business-to-business fulfillment technologies, including those that enhance the productivity of mobile workers across the supply chain in such business critical areas as customer relationship management, enterprise applications integration; logistics, inventory and warehouse resource management, and route accounting. The Company has also developed proprietary web-enabled and e-business related technologies, and is a member of the IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) Partners World For Developers Program. Vertex has a rapidly growing international presence, with operations currently throughout North America and Europe. For additional information, please visit us on the Internet at www.vertexinteractive.com. Certain statements included in this press release are 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. Actual results could differ materially from such statements expressed or implied herein as a result of a variety of factors, including, but not limited to, the development and implementation of the technologies, the success of co-development programs and joint ventures, the acceptance by the market of the Company's products, competition, the timing of projects and trends in future operating performance and changes in technology, as well as other factors expressed from time to time in the Company's periodic filings with the Securities and Exchange Commission (the "SEC"). As a result, this press release should be read in conjunction with the Company's periodic filings with the SEC. |
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