General Availability of New Release Helps Retailers and Suppliers Synchronize Data
Richmond, CA – April 15, 2004 - QRS Corporation (Nasdaq: QRSI) announced today the general availability of QRS Catalogue™ Release 4.0. QRS Catalogue is the North American retail industry’s leading product data synchronization application with over 100 million items. Its new functionality includes expanded support for the latest global standards to help retailers and suppliers improve communications with their global trading communities.
QRS Catalogue 4.0 is the first generally available release of the product that is fully compliant with UCCnet™ services. As announced in February 2004, QRS Catalogue received UCC Solution Partner Program UCCnet Synchronization Suite 2.2.1 certification. The release features a new product module, QRS GDSNconnector™, which enables communications with the Global Data Synchronization Network (GDSN). Using QRS GDSNconnector, customers can register items with the UCCnet registry and publish items to retailers with UCCnet synchronization services.
Over a dozen QRS customers are currently in the implementation phase for QRS Catalogue Release 4.0. The volume of data for this first group of customers equals almost 250,000 items. This volume signals a significant increase to the potential amount of data available via UCCnet services.
QRS Catalogue Release 4.0 also has expanded attribute support - now totaling 550 - making it compliant with EAN.UCC System standards for trade item data. With its high level of attribute support and extensive data validation capabilities, QRS Catalogue is suitable for a wide range of industry sectors within the retail industry, including general merchandise and apparel, do-it-yourself, grocery, health and beauty, and hardlines.
QRS also offers a suite of enablement and support services to ensure QRS Catalogue customers’ data integrity and readiness to join the GDSN.
“Emerging global standards promise to change the way trading partners communicate - and many of our customers are preparing for the impact that these standards will have on their business,” said Liz Fetter, QRS President and CEO. “Recently achieving the milestone of 100 million items in QRS Catalogue reflects that thousands of retail customers depend on us every day to synchronize critical product information. With this new release of QRS Catalogue, QRS continues to deliver proven solutions that reliably help our customers address critical business issues.”
About QRS Catalogue™
QRS Catalogue is the retail industry`s leading product data synchronization application. With over 100 million unique items, QRS Catalogue enables more than 3,500 marketers, manufacturers, suppliers and retailers to share the latest product information with 550 total product attributes including price, style, color and size. QRS Catalogue offers a complete solution for item setup and synchronization, and supports the latest EAN.UCC System global standards initiatives. QRS is certified by the UCC for UCCnet™ services. By automating business processes such as item setup and maintenance and product marketing content management, QRS Catalogue helps customers achieve increased revenue and greater productivity.
QRS (Nasdaq: QRSI) is a technology company that serves the global retail trading community. We offer collaborative commerce solutions that drive a new standard for global brand execution. At QRS, we manage the flow of critical commerce information and leverage our retail technology expertise to address fundamental industry challenges such as global data synchronization, mandate compliance, transaction outsourcing and global trade management. QRS solutions help over 10,000* customers expand into new markets and channels, improve operational efficiency and differentiate their brand.
*Based on total, unique QRS corporate customers that purchased or licensed QRS products and services between January and December 2003.
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 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 products or services offered through or in conjunction with third parties; and dependence upon IBM for e-commerce services, among others. QRS disclaims any obligation to update the forward-looking information contained in this news release.
© 2004 QRS Corporation. All Rights Reserved. QRS, the QRS logo, QRS Catalogue and QRS GDSNconnector are trademarks or registered trademarks of QRS Corporation in the United States and other countries. UCCnet is a trademark of UCCnet, Inc. Trademarks of third parties are owned by their respective owners.