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Press Release
NGC® Expands to
Indian Market through Reseller
Agreement with Technopak
Technopak to Sell and Implement NGC’s
PLM, Global Sourcing and ERP
Software in Indian Subcontinent
MIAMI – October 14, 2008 – NGC® (New
Generation Computing®) today announced that the company has
signed a reseller agreement with Technopak, one of the world’s
leading retail, textile, apparel and consumer goods consultancy
firm. They are the thought leaders specializing in the rapidly
growing Indian Retailing and Consumer Goods sector.
Under the terms of the agreement, Technopak will sell and
provide implementation services for the full range of NGC’s
supply chain software for retailers, apparel brands and
factories in India, Bangladesh, Pakistan and Sri Lanka. NGC
products covered by the agreement include e-PLM® for
Product Lifecycle Management, e-SPS® for global
sourcing and visibility, RedHorse® for apparel ERP
and TPM (The Production Manager) for shop floor control.
The agreement provides NGC with outstanding representation
in the rapidly growing organized Indian retail market, which is
expected to reach $110 billion by 2013. The number of shopping
malls in India is predicted to increase to 600 in two years
(from 355 in 2007), and chain retailers in India are expanding
at a rapid pace. Driven by the growing retail sector, the market
for solutions such as NGC’s software is increasing greatly in
the world’s second largest country.
“NGC is one of the
most highly respected and well-established software providers to
the Apparel, Fashion, Footwear and Retail industries, and their
solutions are ideal for the fast-growing Indian market,” said
Prashant Agarwal, Vice President, Technopak. “We look forward to
representing NGC with Technopak’s sales and implementation
services.”
“The Indian market is vitally important to
NGC, and Technopak has an unsurpassed reputation, not just in
India but worldwide,” said Alan Brooks, President, NGC. “There’s
no better partner than Technopak to help drive the growth of
NGC’s solutions in India and the surrounding region.”
About Technopak
Technopak builds and
enhances business capabilities for leading Indian and
international companies by offering services that are unique,
thanks to the company’s rich experience, strong industry
relationships and a global footprint. Technopak’s services are
built around offering integrated strategy, process and
technology deployment solutions to clients in key market areas
including Retail, Fashion and many others. Founded in 1991 as a
management consulting firm, Technopak is widely recognized for
its strong implementation practices. More than 250 skilled
professionals in the company’s offices in Gurgaon, Bangalore and
Thane (Mumbai) consult with Technopak’s clients across the
world. For more information, visit www.technopak.com.
About New Generation Computing
NGC®
is a leading Fashion, Apparel, Footwear and Retail software
company. NGC's SQL Series is a comprehensive suite of
integrated, end-to-end solutions for PLM (e-PLM®),
Global Sourcing (e-SPS®) and ERP (RedHorse®).
The SQL Series provides real-time visibility to product
information, accelerates speed to market, and enables quality
control throughout the supply chain to help deliver superior
products. NGC customers include leading brands and retailers
such as VF Corporation®, A|X Armani Exchange®,
Carter’s®, Casual Male Retail Group®,
Maggy London, R.G. Barry, Hugo Boss®, Dick’s Sporting
Goods, Isda & Co., Tristan & America®, Axis®,
Parigi Group and many others. NGC has offices in Miami, New
York, Los Angeles, China, India, Mexico and El Salvador and is a
wholly owned subsidiary of American Software Inc. (NASDAQ: AMSWA).
For more information, visit www.ngcsoftware.com.
Forward-Looking Statements
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 Company’s ability
to satisfy in a timely manner all SEC required filings and the
requirements of Section 404 of the Sarbanes-Oxley Act of 2002
and the rules and regulations adopted under that Section; the
challenges and risks associated with integration of acquired
product lines and companies; 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 Company's Form 10-K for the year ended April 30,
2008 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.
Media Contacts:
TRADEMARKS: NGC, New Generation Computing, e-SPS,
e-PLM and RedHorse are registered trademarks of New Generation
Computing, Inc. All other trademarks or registered trademarks
are properties of their respective companies.
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