MIAMI, June 7, 2006– New Generation Computing Inc. (NGC), a wholly owned subsidiary of American Software Inc. (NASDAQ: AMSWA), announced today the opening of their new office in New York to serve the Sewn Products industry (Apparel, Footwear, Retailers, Brand Management and Home Furnishings). Industry veteran Richard Farb has been hired as Director of Business Development and will manage the office. NGC’s products include e-SPS, global sourcing and supply chain management system; e-PDM, product lifecycle management, RedHorse, ERP system and TPM, a shop floor control and payroll system.
The New York office located at 1412 Broadway (19th floor) provides NGC with a business presence in one of the most exciting and important apparel, fashion and retail markets in the world. The NY office will be managed by Richard Farb, who for the past five years has held a similar position at Lectra Systems. Prior to Lectra Systems, Farb, a 24-year industry veteran, has held executive positions with various apparel manufacturers, including five years as CEO of The Edge, a maker of “street wear” casual clothing.
“The New York office, combined with Richard Farb’s industry experience and local contacts, provides NGC with an enhanced ability to serve our customers’ needs as well as position us for future growth,” said Alan Brooks, president, New Generation Computing. “Richard will be focusing on new business development and managing existing customers in the NY metro region.”
About New Generation Computing
New Generation Computing Inc. (NGC), a wholly owned subsidiary of American Software Inc., (AMSWA) has 25 years of experience developing software for the sewn products industries (Apparel, Footwear, Retailers, Brand Management and Home Furnishings). Manufacturers, brand managers, retailers and importers use NGC’s business applications to manage the design, sourcing and production of finished products. NGC’s business applications include the NGC SQL Series, the only integrated product development, global sourcing and ERP system that is available today to sewn-products enterprises. The NGC SQL Series consists of e-SPS, a global sourcing and production system; e-PLM, a product lifecycle management tool; and RedHorse, a comprehensive ERP system. NGC’s other products are EZ-Ship, a labeling, scan/pack and shipping system; e-RMM, a raw-material management system and TPM, a shop-floor control and manufacturing execution system.
Headquartered in Miami, NGC customers include: VF Corporation, Russell Corp., Carter`s, Dick’s Sporting Goods Inc., Gold Toe Brands Inc, Haggar Clothing Company, Hugo Boss, Jos. A. Bank Clothiers Inc., Armani Exchange, Maidenform Inc., Wilsons Leather, Rocky Shoes & Boots, J.J.`s Mae, Biscotti and Valley Apparel. For more information, call NGC at (305) 556-9122, send an e-mail to firstname.lastname@example.org or visit www.ngcsoftware.com.
Forward Looking Statements
It should be noted that this press release contains forward-looking statements that are subject to substantial risks and uncertainties. There are a number of factors that could cause actual results to differ materially from those anticipated by statements made herein. These factors include, but are not limited to, changes in general economic conditions, technology and the market for the Company`s products and services including economic conditions within the e-commerce markets; the timely availability and market acceptance of these products and services; the effect of competitive products and pricing; the uncertainty of the viability and effectiveness of strategic alliances; and the irregular pattern of the Company`s revenues. For further information about risks the Company could experience as well as other information, please refer to the American Software, Inc. Form 10-K for the year ended April 30, 2005 and other reports and documents subsequently filed with the Securities and Exchange Commission. For more information, contact: Vincent C. Klinges, Chief Financial Officer, American Software, Inc., (404) 264-5477 or fax: (404) 237-8868.
Alec J. Rosen
AJR & Partners, Inc.