Laumbattus to Serve as Vice President of Application Sales
Richmond, CA July 26, 2001 QRS Corporation (Nasdaq: QRSI), the leading expert in global sourcing and supply chain management solutions for the retail industry, announced today the appointment of Jeff Laumbattus as vice president of application sales. In this newly created position, Laumbattus will be responsible for driving sales of Tradeweaveä Sourcing in North America and Canada. Tradeweave Sourcing is a Web-based solution that helps customers model a global supplier network to efficiently manage product and information flow.
"Jeff is an industry veteran with more than 15 years of proven supply chain software sales experience. He is the perfect addition to the QRS sales team," said Mark Self, senior vice president of sales for QRS. "Jeff`s expertise further strengthens QRS` leadership position in the global sourcing and supply chain management space, allowing the company to capitalize on the tremendous growth opportunity by matching client needs with proven QRS solutions."
"An efficient supply chain has always played a crucial role in profitability and growth, and is even more important in an uncertain economy. QRS has long provided the retail industry with the tools needed to stay ahead of the curve," said Jeff Laumbattus. "I look forward to contributing to the expansion of QRS` current customer base and continuing the company`s tradition of innovation in the retail industry."
Prior to joining QRS, Laumbattus worked for the systems integration and consulting firm, The Highland Group. As a principal and business unit leader, Laumbattus sold supply chain solutions from Ariba, i2 Technologies, SAP, Manugistics and Commerce One.
Laumbattus served as vice president of the Aerospace Division at B.P. Chemical. While at B.P., he was responsible for developing cost-saving procedures and designing new ERP and MRP systems. In addition, he increased production, decreased costs and effectively sold and implemented a host of supply chain management software solutions and services. Earlier in his career, Laumbattus spent 10 years with General Motors, eventually becoming vice president of materials and logistics.
Laumbattus has an M.B.A from the University of Munich, and a B.S. in Education from Southern Illinois University.
About QRS
QRS Corporation is the leading expert in global sourcing and supply chain management solutions for the retail industry. For 13 years QRS has helped its 4,000 customers increase revenue, decrease costs and reduce product cycle times. QRS` Tradeweaveä Retail Network -- an integrated suite of business intelligence, service and technology platforms -- enables secure and profitable relationships among retailers, manufacturers and their trading partners. Dedicated solely to the retail industry, QRS has enabled more than 100,000 partnerships giving retailers and manufacturers a better way to plan, source, buy and sell, finance, track, price, merchandise and replenish products. Today, QRS is helping its customers improve their return on sales up to 5 percentage points.
Cautionary Language
Statements contained in this press release that are not historical facts are forward-looking statements subject to risks and uncertainties as discussed more fully in QRS Corporation`s filings with the SEC, including its most recent Form 10-K and Form 10-Q.
QRS is a registered trademark and Tradeweave is a trademark of QRS Corporation. All other trademarks belong to their respective owners.
© 2001 QRS Corporation. All Rights Reserved.
CONTACT:
Maureen Collins
QRS
978-283-9505
mcollins@qrs.com
Nicole Peters
Stanton-Crenshaw Communications
646-336-9414
nicole@stanton-crenshaw.com
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