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ModaCAD space-planner bows.

LOS ANGELES -- Responding to the furniture industry's growing emphasis on store design, ModaCAD, headquartered here, made its first foray into the $1 billion professional space management market with last week's launch of ModaPlan, a space-management software program.

According to Joyce Freedman, president of ModaCAD, "This advanced technology will enable retailers and store designers to create and view three-dimensional photo-realistic renderings of store layouts and planograms and then integrate these functions from one centralized database that contains both product and fixture information."

While noting that furniture retailers will be among the initial target markets, Freedman said the company also intends to pursue retailers involved in other home furnishings categories as well as general merchandise retailers.

Maurizio Vecchione, executive vice president, added, "Merchandisers have always needed a standardized planning tool, which even marginally provides visualization functionality as well as the ability to properly maintain and share data. Retailers now have the ability to plan and layout their store space, including actual branded products in a full 3D environment for multiple uses within a corporate infrastructure."

The new software is also said to support Open Architecture, providing open image and information exchange though Open Database Connectivity and all industry standard image formats such as OLE (Object Linking and Embedding). ModaPlan also offers Internet compatibility, including the ability to update fixture and object libraries in real time.

ModaCAD designs, markets and supports virtual reality, rendering and modeling software for the industrial design and retail market primarily for the home design, home furnishings and apparel industries. Concurrent with its announcement of its new software, ModaCAD also reported record operating results for the year ended Dec. 31, 1996. Net income for the year increased to $645,435, or $0.20 per share on 3,307,288 weighted average shares outstanding, versus net income of $8,122, or $0.00 per share on 1,694,816 weighted average shares outstanding, for fiscal 1995. According to Freedman, 1996 year-end net sales increased 77 percent to $3,370,222 compared with $1,904,725 in the prior year's comparable period.
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Title Annotation:space management software program for store designers
Author:Allegrezza, Ray
Publication:HFN The Weekly Newspaper for the Home Furnishing Network
Article Type:Brief Article
Date:Apr 14, 1997
Words:341
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