SOUTH PLAINFIELD, N.J., July 6, 2004 (PRIMEZONE) -- Vertex Interactive Inc. (OTCBB:VETX), a provider of software technology for order and fulfillment warehouse management, announced the release of its eWMS warehouse management solution, Release 4.0, which incorporates its new Spontaneous Event Engine or the SEE product. The next level of warehouse efficiency is attained by a flexible, dynamic, user-configurable system for defining events and the results to them. Events include, among other things, purchase order changes, pricing errors, inventory shortages, and machine breakdowns. Users can use the engine to set up warehouse-specific events that occur in their distribution centers.
Any data stored in the database can be used as the basis for an event which, if triggered, will automatically manage the event with the response desired by the user. An SQL based interface is used to define the trigger for an event. Message composition tools are used to define the responses to the events and the intended recipients. The system is delivered with ten pre-built events and five optional additional events. The delivered events center around notifications through various methods when changes, adjustments or discrepancies are triggered.
Bob Schilt, Vertex's Chief Technical Officer, explained, "This is a must-have product for most companies with distribution operations. We believe that by embedding this functionality in the warehouse management system we have created a unique product with functionality where it is needed -- on the warehouse floor where these events occur. For example, the system can manage changes in a purchase order from a customer. If desired, the system will automatically notify the warehouse manager for order picking and dock scheduling; procurement, if required, to adjust purchasing appropriately; and it can further notify transportation to alter the means of transport as necessary. In this manner each function affected by the event can become aware of and can address the change appropriately in real time at the moment the event is triggered."
About Vertex Interactive
Vertex Interactive is an international provider of supply chain management technologies. Vertex offers a comprehensive range of software systems and tools, from point solutions to integrated end-to-end hardware and software solutions, for enterprise-wide and collaborative supply chain optimization.
Safe Harbor
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 the company's 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 they will disclaim any obligation to update during the Quiet Period. The public should not rely on previously published expectations during the Quiet Period. 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.
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