Kurt Peters , Executive Editor
For Immediate Release
Contact: Paige Wickham
Director, Marketing & Communications
Fairfield, New Jersey (September 7, 2001) - Vertex Interactive, Inc., a leading provider of supply chain execution and order fulfillment technologies, (NASDAQ:VETX), has released Stradivari Web, its browser-based warehouse management system (WMS). Stradivari Web’s functional and technological benefits target medium to large distribution centers, including complex multi-facility installations.
Stradivari Web allows users to access up-to-the-minute critical warehouse and inventory information via a browser, whether they are within the four walls of the distribution center or not. Designed as a “Plug and Play” system, Stradivari Web incorporates sophisticated functionality and can be easily deployed across additional facilities. Users need only a browser workstation and RF terminals in an RF-directed environment for real-time data exchange to experience the true benefits of Stradivari Web. Unlike other, more traditional WMS applications, Stradivari Web is a Web-based system, which requires no software to be loaded on the workstation further enhancing cost savings and ROI.
Stradivari Web can be easily modified to meet specific business requirements and offers robust functionality including: highly configurable warehouses, automated putaway based upon user-defined parameters, pallet tracking and building, QA management, cross-docking capabilities, radio frequency, automated cycle counting, lot/batch and serial number traceability, full transaction audit trails, kitting, forward pick and replenishment, and inquiries and reports.
Stradivari Web completes the line of WMS software products that Vertex has strategically designed to address all three tiers of the WMS market. Stradivari Web is designed principally for Tier 2 customers, complementing Vertex’s Tier 1 WMS system, RenSoftWMS and Tier 3 WMS, Stradivari. Stadivari Web has proven successful for Bodek and Rhodes, an imprinter/ distributor of corporate and casual activewear, whose customers often require same day order turnaround at its Philadelphia and Michigan facilities. Immediate benefits realized by Bodek and Rhodes include sub-level response time for all RF functionality, less than 5% return rate on customer orders, and a 30% increase in productivity.
Certain statements contained herein may be forward-looking in nature and are therefore subject to risks and uncertainties that could cause actual results to differ materially. The Company’s recent acquisition history, progress toward completing the integration of its acquisitions, history of operating losses, current expense levels compared with its sales, and the state of development of its product portfolio, coupled with the overall economic and competitive operating environments pose a number of risks investors should take into consideration in connection with assessing our financial and operating results. A more detailed discussion of these and other important risk factors can be found in the documents filed with the Securities and Exchange Commission on forms 10-K and 10-Q. Towards the end of each fiscal quarter, Vertex Interactive will have a ‘Quiet Period’ when Vertex Interactive and its representatives will not comment concerning previously published financial expectations, and we disclaim any obligation to update during the Quiet Period. The public should not rely on previously published expectations during the Quiet Period. Vertex Interactive’s Quiet Period at the end of its fiscal fourth quarter is expected to run from September 15, 2001 until earnings are released the third or fourth week of December 2001. Investors should not expect that these forward-looking statements will be updated or supplemented as a result of changing circumstances or otherwise, and Vertex Interactive disavows and disclaims any obligation to do so.
About Vertex Interactive
Vertex Interactive is a global provider of business-to-business, supply chain execution technologies and enterprise applications integration. The company offers a comprehensive service including consultancy and systems-integration as well as fixed and mobile hardware, to support its broad range of software systems. Vertex Interactive solutions enhance productivity across the supply chain, with a portfolio of products ranging from fixed and mobile order entry and processing, through inventory and warehouse management to distribution and transportation planning. Vertex’s inventory and warehousing applications include “light directed” technologies for picking and packing and technology for handheld devices including auto ID and printing solutions (for standard and 3d bar coding), and a proprietary WMS tool that enhances the functionality of SAP/R3 implementations.
Vertex has a rapidly growing international presence, with operations currently throughout North America and Europe. Vertex’s customers include leading companies such as Air Express International, Avery Dennison, Bacardi Martini, Bristol Myers Squibb, Daimler Chrysler, Express Dairies, Georg von Opel, IBM, Kraft Jacob Suchard, Maastricht University, Merck, Nestle, North Sea Ferries, Parts Express, Pfizer, Warner Lambert and Wal-Mart. For additional information, please visit their web site at