SOUTH PLAINFIELD, N.J., March 30, 2004 (PRIMEZONE) -- Vertex Interactive Inc. (OTCBB:VETX) ("Vertex" or the "Company"), a provider of advanced internet enabling business-to-business fulfillment solutions, today announced that its enterprise software division, XeQute Solutions, has received additional orders from one of the world's leading technology companies totaling $300,000, to install automated inventory/pick-to-light systems at certain facilities in China. These are in addition to systems supplied earlier for North America, Europe, South America and China.
Nicholas Toms, CEO of Vertex commented, "This ongoing enterprise represents a major milestone in the Company's rapid emergence as a leader in providing business-to-business order fulfillment solutions for both e-commerce and traditional distribution channels, capitalizing on its predominance in pick-to-light technology. Vertex is already established as a leading provider of inventory/warehouse management systems to significant vertical markets, such as the global pharmaceutical industry. The use of the company's PicRite(r) pick-to-light systems at I/T facilities worldwide now confirms the increasing need of the computer/semiconductor industry for Vertex's order fulfillment technology."
Hugo Biermann, Chairman of Vertex commented, "We are pleased to have been chosen once more from among a number of industry competitors for our pick-to-light and other inventory/warehouse solutions."
About Vertex Interactive
Vertex Interactive is a provider of supply chain management technology. 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 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. 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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