Salt Lake City; Jan 16, 2002 - Tomax Corporation announced today that Benjamin Moore & Co., one of the country`s leading manufacturers and retailers of paint, stains and related products, has selected Tomax` Retail.net® suite of applications and Oracle Corporation`s Financial application for company-owned retail stores, with an option to offer the integrated solution to its independent dealer network.
The Retail.net suite is designed to manage retail operations, including point-of-sale, back office and corporate functions. It consists of web-based thin client applications that are designed to be deployed with a minimum of local software content, reducing technological complexity at store locations. Together with Oracle`s Financial application, the Retail.net suite will allow Benjamin Moore & Co. to view and control its retail processes as they occur - a model that Tomax calls retail-in-realtime™.
"Tomax offers us the best thin client solution in the market," said Dan Corcoran, Director of Business Systems for Benjamin Moore & Co. "We believe that the Retail.net suite will allow us to reduce the technology footprint throughout our stores and will offer our authorized dealers the same benefit. This will translate into cost savings for our retail operations."
"One of the major advantages of the retail-in-realtime strategy is a quickly realized return-on-investment," said Eric Olafson, President and CEO of Tomax Corporation. "Because we can implement and maintain Retail.net from a single location at corporate headquarters, the cost and complexity usually associated with this type of enterprise application can be radically diminished."
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 Benjamin Moore & Co.:
Benjamin Moore & Co., a Berkshire Hathaway company, is a manufacturer and retailer of premium quality paints and stains for the residential, professional and industrial markets. The products are sold through a network of company-owned stores and independent dealers located throughout North America. For additional information visit www.benjaminmoore.com.
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.
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 (including its ability to reduce cost and complexity) at Benjamin Moore & Co. and its future expansion to independent dealers 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 Benjamin Moore & Co. stores and authorized dealer locations. 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. Certain other product names, brand names and company names may be trademarks or designations of their respective owners.
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