AmeriNet Announces Tesco Lotus - Part of One of the World's Largest Retailers - Expands Use of Park City Group Products.
PARK CITY, Utah--(BUSINESS WIRE)--May 11, 2001
Park City Group, Inc. ("Park City Group"), which is under letter of intent to be acquired by OTC BB "ABUY" (AmeriNet Group.com, Inc.)(OTCBB:ABUY), announced today that Tesco Lotus, (part of one of the world's largest retailers), has agreed to use the Fresh Market System(TM) owned and marketed by Park City Group subsidiary Cooper Fields, LLC ("Cooper Fields") to its Asian market stores.
Cooper Fields' Fresh Market System(TM) solves the two biggest problems of bakery, meat and produce departments around the World. (How to have enough product available to keep customers buying and avoiding having too much product at the end of the day to cut down on waste). It is an Internet based automated, category and inventory management production planning tool designed for perishable goods sales organizations (e.g., grocery, restaurants and food service industries). It uses a simple process which allows clients to fully integrate with existing POS, accounting, and buying systems and permits their managers to automatically prepare forecasts, plan production, track waste, order products and receive real time business operating issues alerts resulting in daily production plans that meet their merchandising and shelf life requirements. It also permits merchandising staffs to develop category management plans using real time, real item and category contributions. Such features are expected to materially cut costs and increase profits.
Tesco Lotus will introduce the Cooper Fields' Fresh Market System(TM) in its Thailand market with subsequent expansion throughout its Asian markets anticipated.
Commenting on Cooper Fields' association with Tesco Lotus:
-- Will Dunlavy, Cooper Fields chief operating officer, observed that "Our alliance with Tesco Lotus allows us to test the internationalization aspects of the Fresh Market System(TM) and has been instrumental in Cooper Field's full automation of the integration process;" -- Kevin Griffin, senior vice president, fresh foods for Tesco Lotus, Thailand, noted that "Manual production planning in our stores has been a challenge. The Fresh Market System(TM) gives us a more reliable planning tool, providing a simplified and improved method of bakery management for our staff, both from a commercial and operational standpoint. We expect savings and increased efficiency to be substantial;" and -- "The use of technology in the areas of personnel and things management is critical for retail businesses. By solving these two administrative problems for retail managers, we allow them to focus on customer service and sales," said Randy Fields, President of Park City Group.
Park City Group started solving production planning problems of perishable products in 1982 as the IS department of Mrs. Fields Cookies. It is now an independent software development company headquartered at 333 Main Street, Park City, Utah 84060. Major clients include The Home Depot, Victoria's Secrets, Pacific Sunwear, Crate & Barrel, Bath & Body Works, Universal Studios - Orlando, Bi-Lo Foods, William-Sonoma and Wawa. Park City Group is a party to a letter of intent anticipating its acquisition by AmeriNet Group.com, Inc., a publicly held Delaware corporation (OTC BB "ABUY;" "AmeriNet"), which files periodic reports with the Securities and Exchange Commission. AmeriNet recently made the initial $100,000 good faith deposit required under the terms of the letter of intent and is expected to deposit an additional $100,000 on or before May 21, 2001.
For additional information pertaining to Park City Group, please contact: Carolyn Doll at (435) 645-2060 or visit the Park City Group website at www.parkcity.com. For additional information concerning AmeriNet, please contact Charles J. Scimeca at (561) 998-3435 (voice); (561) 998-4635 (fax); firstname.lastname@example.org (email).
This release is comprised of inter-related information that must be interpreted in the context of all of the information provided and care should be exercised not to consider portions of this release out of context. This release is provided in compliance with Commission Regulation FD and contains certain "forward-looking statements and information" (as defined in the Private Securities Litigation Reform Act of 1995) concerning AmeriNet and Park City Group that are based on the beliefs of AmeriNet's and Park City Group's management, as well as assumptions made by and information currently available to AmeriNet and Park City Group. Such statements reflect the current views of AmeriNet and Park City Group with respect to future events and are subject to certain assumptions, including those described in this release. Should one or more of the underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed or expected. AmeriNet and Park City Group do not intend to update these forward-looking statements prior to announcement of quarterly or annual results.
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|Date:||May 11, 2001|
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