Salt Lake City; January 21, 2002 - Tomax Corporation announced today that Ultimate Electronics, Inc. (NASDAQ: ULTE), one of the nation`s largest consumer electronics retailers, will implement Tomax` Retail.net® suite of applications and Oracle Corporation`s e-Business Suite to create an infrastructure for managing retail operations and integrating customer channels in realtime. This combined solution will provide Ultimate with a powerful web-enabled solution for the entire retail value chain. The project is anticipated to be implemented over the next eighteen months.
The Retail.net suite supports the critical functions of retail operation management, such as point-of-sale, inventory and receiving. Alan Kessock, SVP Finance and Chief Financial Officer of Ultimate Electronics, remarked, "This project is designed to upgrade the majority of our internal software systems, increasing productivity and supporting the further expansion of our company. We believe that Tomax and Oracle offer the most complete suite of web-based retail applications available today. By implementing this fully integrated, end-to-end solution, we will provide comprehensive, easy-to-use applications to our associates and enhance our customer`s shopping experience."
"We`re excited about working with Ultimate to create a new way of managing its retail operations," commented Eric Olafson, President and CEO of Tomax Corporation, "The combination of Oracle`s e-Business Suite with Tomax` Retail.net software will make Ultimate Electronics an industry leader in the retail-in-realtime revolution."
Tomax and Oracle announced a strategic alliance in July of 2000, and participate in ongoing technical and marketing collaborations in support of their combined solutions.
About Ultimate Electronics:
Ultimate Electronics is a leading specialty retailer of home entertainment and consumer electronics products in Arizona, Colorado, Idaho, Iowa, Minnesota, Missouri, Nevada, New Mexico, Oklahoma, South Dakota and Utah. The Company operates 46 stores, including twenty-seven stores in Arizona, Idaho, Iowa, Missouri, Nevada, New Mexico, Oklahoma, South Dakota and Utah under the trade name Ultimate Electronics®, eleven stores in Colorado under the trade name SoundTrack® and eight stores in Minnesota under the trade name Audio King®. In addition, the Company operates Fast Trak, Inc., an independent electronics repair company based in Minnesota and a wholly owned subsidiary of Ultimate Electronics. During the past year, the Company received numerous industry awards including Audio Video International`s "Top 10 Consumer Electronic`s Retailer of the Year," Dealerscope`s "Pride Award," and Twice Magazine`s "Excellence in Retailing."
About Tomax:
Tomax Corporation is a leading provider of web-based solutions for retail operations and multichannel management. The Tomax Retail.net® solution enables retailers to create a retail-in-realtime™ infrastructure across the enterprise, supporting associates in stores and customers at the point of sale, kiosk, and online. Tomax provides four primary components: Customer Management, Transaction Management, Portal/Workflow and Workforce Management. Retail.net applications can be hosted by Tomax or the retailer and can be rapidly deployed and modified to support comprehensive requirements. Over 100 branded retail chains representing thousands of stores rely on Tomax solutions in a variety of retail markets including Franklin Covey, Gateway, Kroger, Snyders Drug Stores, TJ Maxx/Marshalls, Ultimate Electronics, WH Smith, and 24 Hour Fitness.
About Oracle
Oracle Corporation provides the software that powers the Internet. For more information about Oracle, please call 650/ 506-7000.
Forward Looking Statements
This release may contain forward-looking statements based on our current expectations, estimates and projections about our industry, management`s beliefs, and certain assumptions made by us. Words such as ``anticipates,`` ``expects,`` ``intends,`` ``plans,`` ``believes,`` ``seeks,`` ``estimates,`` ``may,`` ``will`` and variations of these words or similar expressions are intended to identify forward-looking statements. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Therefore, our actual results could differ materially and adversely from those expressed in any forward-looking statements as a result of various factors.
The success of the Tomax/Oracle implementation at Ultimate Electronics and its ability to increase productivity, support future expansion, reduce operating expenses and/or enhance customer shopping experiences is uncertain and dependent on various factors outside of the control of Tomax, including, but not limited to general market conditions and the particular environment at Ultimate Electronics. We undertake no obligation to revise or update publicly any forward-looking statements for any reason.
Copyright © 2002 Tomax Corporation. Tomax, Retail.net and retail-in-realtime are either registered trademarks or trademarks of Tomax Corporation in the United States and/or other countries. Oracle is a registered trademark of Oracle Corporation. Ultimate Electronics, Audio King and SoundTrack are either registered trademarks or trademarks of Ultimate Electronics, Inc. in the United States and/or other countries. Certain other product names, brand names and company names may be trademarks or designations of their respective owners.
For More Information:
Barry Blumberg
VP of Marketing
Tomax Corporation
(801) 415-6473
bblumberg@tomax.com
Back...
