RICHMOND, Calif. - April 28, 2003 - QRS Corporation (Nasdaq: QRSI) today announced that Retail Brand Alliance, Inc. selected QRS to provide trading community management services across all of the Company`s divisions, which include the Casual Corner Group, Carolee Designs, Brooks Brothers and Adrienne Vittadini. With this agreement, Retail Brand Alliance (RBA) will seek to maximize the benefits of its scale by consolidating its trading community transaction traffic through QRS, driving improved communication and collaboration between RBA and its trading community.
Previously, RBA`s different divisions had used several solutions, including QRS Exchange(tm), to communicate and collaborate with their respective trading communities. By implementing QRS Exchange across its divisions, RBA can transact electronically with any trading partner, regardless of its size or technology infrastructure.
"RBA`s single-solution strategy means that our system can grow easily and steadily, even as our company`s portfolio mix continues to diversify," said Stefano Gaggion, CIO of Retail Brand Alliance, Inc. "Using one solution across our enterprise gives RBA efficiencies across our enterprise, and QRS` proven expertise to meet the demands of a dynamic and evolving trading community made them the clear choice to provide that single solution."
The QRS Exchange solution suite helps customers manage retail supply chain communication and optimize business operations. Whether through the Internet, or a Value Added Network (VAN), or as a managed service, QRS Exchange supports trading communities of any size, offering customers economies of scale and a rapid return on investment with easier network set-up and lower maintenance costs.
"QRS is proud to help Retail Brand Alliance connect, transact and collaborate with its global trading community," said Liz Fetter, President and CEO of QRS Corporation. "As technologies evolve, QRS will continue to provide collaborative commerce solutions that help our customers improve performance and better differentiate their businesses in today`s highly competitive global marketplace."
About Retail Brand Alliance
Retail Brand Alliance, Inc. is a privately owned company currently composed of four divisions: Casual Corner Group, Adrienne Vittadini, Carolee Designs, and Brooks Brothers. Claudio Del Vecchio, CEO and President of Retail Brand Alliance, assumed ownership of Casual Corner Group (Retail Brand Alliance`s predecessor) in 1997. Retail Brand Alliance reported sales of approximately $1.5 billion, and has over 10,000 employees and 1,000 stores nationwide.
With headquarters in Richmond, California, QRS (Nasdaq: QRSI) has offered innovative solutions that automate the way companies connect, transact, collaborate and differentiate since 1988. QRS is a market leader in collaborative commerce software and services that help the retail industry bring products to market quickly and profitably. With a comprehensive suite of commerce solutions for the global trading community, only QRS combines the benefits of electronic communication with the retail industry`s leading source of product information for accurate partner transactions between companies of any size or technology infrastructure. QRS allows companies to see and manage processes across the supply chain so that problems can be detected and resolved, and offers services that provide insight to the store floor so that companies can enhance the customer experience and improve store operations. More than 8,000* customers from over 20 retail segments - including Sears, Roebuck and Co., The Kroger Company, Selfridges plc and Jones Apparel Group - use QRS® to meet customer needs, compress cycle times, reduce costs and improve sales margins. Learn more about QRS at www.qrs.com.
* Based on total, unique QRS corporate customers that purchased or licensed QRS products and services between January and December 2002.
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Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:
This release contains forward-looking statements regarding future events and the future financial performance of QRS Corporation that involve risks and uncertainties. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual future events or results. Readers are referred to the documents filed by QRS Corporation with the SEC, specifically the most recent reports on Form 10-K, 8-K, and 10-Q, each as it may be amended from time to time, which identify important factors that could cause actual results to differ from those contained in the forward-looking statements, including risks associated with general economic conditions; specific conditions in the retail industry; competition; changes in our senior management; rapid technological change in our industry; dependence upon key customers and their trading partners; ability to introduce and market acceptance of new products and services; the ability to successfully integrate and manage acquired businesses and technologies; customers` willingness to purchase services offered through or in conjunction with third parties; and dependence upon IBM for e-commerce services, among others. QRS assumes no obligation to update the forward-looking information contained in this news release.
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