StoreNext Israel, a Subsidiary of Retalix, Launches StoreClub -- a Web-Based Customer Loyalty Management Service
RA`ANANA, Israel--July 7, 2003--Retalix Ltd. (Nasdaq:RTLX) today
announced that its subsidiary, StoreNext Israel has launched StoreClub
-- an online customer loyalty management system. StoreNext provides
e-commerce and information services to the Israeli food retail sector.
StoreClub allows small food retailers using Retalix POS software
to easily launch and operate customer loyalty programs by simply
connecting to StoreNext`s centrally operated Loyalty services. This
eliminates the need for small retailers to purchase complex and
expensive software, as well as manage and maintain such programs over
time.
StoreNext`s Loyalty system includes a wide variety of services,
including: member registration, discount program management,
accumulation of points and other benefits, analysis and monitoring of
lost customers, and detailed reports on customer buying patterns.
Additionally, the system allows the retailer to segment customers for
purposes of direct-marketing and targeted promotions.
StoreClub has already been successfully implemented in over 20
independent grocery stores and small supermarket chains in Israel.
Non-food retailers are also showing interest in StoreNext`s loyalty
system.
StoreNext Israel`s CEO, Yoram Sagy, said: "StoreClub allows the
independent and small-chain grocers to operate smart loyalty programs,
similar to those managed by large global retailing chains. Among
independent Israeli food retailers there is a need to develop
long-term relationships with loyal customers, and loyalty rewards is a
key component of any such program. The main obstacle facing these
retailers has been the complexity and cost of setting up and managing
such programs. This obstacle is now removed with StoreClub."
According to Barry Shaked, CEO Retalix and StoreNext Israel
ChairmanL: "StoreClub`s success in Israel with independent food
retailers proves that our vision of inexpensive, easy-to-use,
web-based services offers great opportunities for tier-3 and tier-4
retailers worldwide. StoreClub is one of several services and
solutions Retalix is developing for these tiers of customers in Israel
and the USA."
StoreClub is part of Retalix`s web-based retail management
solution known as ReMA (Retalix e-Market Applications) -- a
web-enabled suite of applications for retail chain management. The
system is designed to scale from small chains up to mega chains
comprising many hundreds of stores. ReMA`s services include:
web-enabled Enterprise/Store Pricebook Management, Inventory
Management, Enterprise/Store Reporting and Analysis, Customer Loyalty
Program Management and Execution, 1-on-1 Target Marketing, and
Electronic Journal.
About StoreNext Israel
StoreNext Israel provides information and e-commerce services to
large retail chains, independent food retailers, and consumer goods
suppliers. StoreNext Israel was established in 2001 following the
joining of StoreAlliance Israel and Tradanet, which had set up
e-commerce communities in the independent and the chains sectors in
Israel. StoreNext Israel is owned by Retalix, CBC (Coca-Cola Israel),
and DIC Investments. Company web site (Hebrew): www.storenext.co.il or
www.storenext.com.
About Retalix Ltd.
Retalix Ltd., with headquarters in Israel, provides integrated
enterprise-wide software solutions for the retail food industry
worldwide, including supermarkets, convenience stores, and
restaurants. The Company offers a full suite of software applications
that supports a food retailer`s essential retailing operations and
enables retailers to increase their operating efficiencies while
improving customer acquisition, retention, and profitability.
Recently, the Company expanded its product line by offering its head-
and back-office applications via the Internet to small chains and
single-store food retailers. With installations in more than 20,000
stores and quick service restaurants across 41 countries, the Company
markets its software solutions through direct sales, distributors,
local dealers and through its U.S. subsidiary, Retalix USA, Inc., and
its various other subsidiaries. The Company was founded in 1982 as
Point of Sale Limited and changed its name in November of 2000 to
Retalix Ltd. The Company`s Ordinary Shares have been publicly traded
on the Tel Aviv Stock Exchange since November 1994 and on the NASDAQ National Market System since July 1998. For further information, please visit the Company`s web sites at www.retalix.com or
www.storenext.com.
Safe Harbor for Forward-Looking Statements:
Except for statements of historical fact, the information
presented herein constitutes forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. Such
forward-looking statements involve known and unknown risks,
uncertainties, and other factors which may cause the actual results,
performance, or achievements of the Company, including revenues,
income, and expenses, to be materially different from any future
results, performance, or achievements expressed or implied by such
forward-looking statements. Such factors include the customer`s use of
the software, the integration of its systems, and other factors over
which Retalix may have little or no control. This list is intended to
identify only certain of the principal factors that could cause actual
results to differ. Readers are referred to the reports and documents
filed by Retalix with the Securities and Exchange Commission,
including the Company`s Annual Report on Form 20-F for the year ended
December 31, 2000, for a discussion of these and other important risk
factors. The Company undertakes no obligation to publicly release the
results of any revisions to these forward-looking statements that may
be made to reflect events or circumstances after the date hereof, or
to reflect the occurrence of unanticipated events.
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CONTACT:
Retalix Ltd.
Barry Shaked/Danny Moshaioff, (011) 972-9-776-6677
or
CCG
Crocker Coulson, 818/789-0100
crocker.coulson@ccgir.com
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