SYX Systemax Inc

ProfitCenter Software Inc. (PCS), a wholly owned subsidiary of Systemax Inc. (NYSE: SYX), and a premier provider of web-based, on demand software for multichannel and direct marketing merchants, has signed FormulaOneSolutions Inc. (Janitors� Warehouse), a prominent international distributor servicing the janitorial, carpet and fabric, fire and flood industries. Having a Canadian corporate office, retail stores, franchisees, and an international e-commerce presence, FormulaOneSolutions looked to PCS for a business management suite that can support multiple companies, account structures, currencies, and taxes. While maintaining discrete operations in Canada, FormulaOneSolutions will use the PCS solution to share consolidated business information across the entire international organization in real time with roles-based dashboards configured for the executives, directors, managers and employees. The users of the PCS system can view their businesses in their entirety and drill down into key metrics to uncover new revenue opportunities, identify profit reducing inefficiencies and improve business productivity. �As FormulaOneSolutions continues our rapid Canadian and international growth in the janitorial supplies and cleaning solutions marketplace, it is essential that we have the appropriate customer information, financial tools and product data available in real time,� stated Kevin Gatley, President of FormulaOneSolutions Inc. �PCS provides us with a robust, feature rich, Web-based application that integrates all parts of our business efficiently and cost effectively.� �PCS has the only on-demand direct multichannel marketing solution that can address the needs of companies experiencing mammoth growth in the international multichannel market utilizing the Web,� stated Matthew Ehrlich, President and CEO of ProfitCenter Software Inc. �With PCS, the back-office, front-office and eCommerce are unified into one suite to run everything from sales, order entry and customer support to purchasing, warehousing, shipping and accounting, regardless of what country your employees or customers are in.� Breaking the model of the archaic, outdated and costly upfront license fee charged by software providers, PCS offers a monthly per user subscription service to access the enterprise business applications anytime, anywhere on the Web. The software-as-a-service model effectively eliminates the cost of server hardware, software upgrades, third party software, interfaces and IT staff. �To run our increasingly expanding Canadian and international operations, scalability combined with a complete beginning-to-end solution, was a must have and we evaluated many systems over a period of time,� said Gatley. �PCS' subscription-based solution not only had the scalability, but had a breadth of functionality you cannot find in the marketplace, unless you interface various best of breed systems together. That is an obsolete information technology strategy for any modern company and was not for us.� �As a rapidly growing company with international operations, Janitors' Warehouse needed a contemporary IT architecture to run their distributed organization,� said Ehrlich. �PCS will enable them to run international operations in Canada and the United States, with one database and one web-based system. We welcome FormulaOneSolutions to our growing global family of customers.� PCS� Profitability Software Suite� is a unified solution that enhances a direct marketing company�s bottom line, while eliminating the costs and complexities of traditional technologies. The PCS full featured SaaS (Software as a Service) on demand solution runs all aspects of a multichannel direct marketing business. Through sales, fulfillment, accounting functionality and more, PCS empowers companies with the ability to automate and manage the full range of business information necessary to fully support their customers. About ProfitCenter Software Inc. ProfitCenter Software Inc. (PCS) (www.profitcenter.com) based in Uniondale, NY, is a leader in web-based on demand automation software for multichannel merchants and direct marketers. The company�s Profitability Software Suite� is the first integrated, scaleable suite of applications designed to directly enhance a company�s bottom line. Through sales, fulfillment, accounting functionality and more, PCS empowers companies with the ability to automate and manage their entire customer life cycle and run their whole business off a web browser. PCS is a wholly owned subsidiary of Systemax, Inc. (NYSE: SYX) (www.systemax.com), a Fortune 1000 direct marketing company, which employs a system of branded e-commerce web sites, direct mail catalogs and relationship marketers to sell PC hardware, related computer products, consumer electronic products and industrial products in North America and Europe. About FormulaOneSolutions Inc. (Janitors� Warehouse) Janitors' Warehouse (www.janistores.com), based in Vancouver, British Columbia, Canada, is a international stocking distributor servicing the janitorial, carpet and fabric, fire and flood industries. They have 10 locations to service their customers with fully trained inside and outside sales staff, as well as service personnel, including licensed mechanics to service all your equipment repair needs. Janitors' Warehouse is also an industry leader in environmental products and training. Forward-looking statement: This press release contains forward-looking statements about the company's performance. These statements are based on management's estimates, assumptions and projections and are not guarantees of future performance. ProfitCenter Software Inc. and Systemax Inc. assume no obligation to update these statements. Actual results may differ materially from results expressed or implied in these statements as the result of risks, uncertainties and other factors including, but not limited to: (a) unanticipated variations in sales volume, (b) economic conditions and exchange rates, (c) actions by competitors, (d) the continuation of key vendor relationships, (e) the ability to maintain satisfactory loan agreements with lenders, (f) risks associated with the delivery of merchandise to customers utilizing common carriers, (g) the operation of the company's management information systems, and (h) unanticipated legal and administrative proceedings. Please refer to the Forward Looking Statements section contained in Systemax Inc.'s Form 10-K for a more detailed explanation of the inherent limitations in such forward-looking statements. Product or service names mentioned herein are the trademarks of their respective owners. ProfitCenter Software Inc. (PCS), a wholly owned subsidiary of Systemax Inc. (NYSE: SYX), and a premier provider of web-based, on demand software for multichannel and direct marketing merchants, has signed FormulaOneSolutions Inc. (Janitors' Warehouse), a prominent international distributor servicing the janitorial, carpet and fabric, fire and flood industries. Having a Canadian corporate office, retail stores, franchisees, and an international e-commerce presence, FormulaOneSolutions looked to PCS for a business management suite that can support multiple companies, account structures, currencies, and taxes. While maintaining discrete operations in Canada, FormulaOneSolutions will use the PCS solution to share consolidated business information across the entire international organization in real time with roles-based dashboards configured for the executives, directors, managers and employees. The users of the PCS system can view their businesses in their entirety and drill down into key metrics to uncover new revenue opportunities, identify profit reducing inefficiencies and improve business productivity. "As FormulaOneSolutions continues our rapid Canadian and international growth in the janitorial supplies and cleaning solutions marketplace, it is essential that we have the appropriate customer information, financial tools and product data available in real time," stated Kevin Gatley, President of FormulaOneSolutions Inc. "PCS provides us with a robust, feature rich, Web-based application that integrates all parts of our business efficiently and cost effectively." "PCS has the only on-demand direct multichannel marketing solution that can address the needs of companies experiencing mammoth growth in the international multichannel market utilizing the Web," stated Matthew Ehrlich, President and CEO of ProfitCenter Software Inc. "With PCS, the back-office, front-office and eCommerce are unified into one suite to run everything from sales, order entry and customer support to purchasing, warehousing, shipping and accounting, regardless of what country your employees or customers are in." Breaking the model of the archaic, outdated and costly upfront license fee charged by software providers, PCS offers a monthly per user subscription service to access the enterprise business applications anytime, anywhere on the Web. The software-as-a-service model effectively eliminates the cost of server hardware, software upgrades, third party software, interfaces and IT staff. "To run our increasingly expanding Canadian and international operations, scalability combined with a complete beginning-to-end solution, was a must have and we evaluated many systems over a period of time," said Gatley. "PCS' subscription-based solution not only had the scalability, but had a breadth of functionality you cannot find in the marketplace, unless you interface various best of breed systems together. That is an obsolete information technology strategy for any modern company and was not for us." "As a rapidly growing company with international operations, Janitors' Warehouse needed a contemporary IT architecture to run their distributed organization," said Ehrlich. "PCS will enable them to run international operations in Canada and the United States, with one database and one web-based system. We welcome FormulaOneSolutions to our growing global family of customers." PCS' Profitability Software Suite(TM) is a unified solution that enhances a direct marketing company's bottom line, while eliminating the costs and complexities of traditional technologies. The PCS full featured SaaS (Software as a Service) on demand solution runs all aspects of a multichannel direct marketing business. Through sales, fulfillment, accounting functionality and more, PCS empowers companies with the ability to automate and manage the full range of business information necessary to fully support their customers. About ProfitCenter Software Inc. ProfitCenter Software Inc. (PCS) (www.profitcenter.com) based in Uniondale, NY, is a leader in web-based on demand automation software for multichannel merchants and direct marketers. The company's Profitability Software Suite(TM) is the first integrated, scaleable suite of applications designed to directly enhance a company's bottom line. Through sales, fulfillment, accounting functionality and more, PCS empowers companies with the ability to automate and manage their entire customer life cycle and run their whole business off a web browser. PCS is a wholly owned subsidiary of Systemax, Inc. (NYSE: SYX) (www.systemax.com), a Fortune 1000 direct marketing company, which employs a system of branded e-commerce web sites, direct mail catalogs and relationship marketers to sell PC hardware, related computer products, consumer electronic products and industrial products in North America and Europe. About FormulaOneSolutions Inc. (Janitors' Warehouse) Janitors' Warehouse (www.janistores.com), based in Vancouver, British Columbia, Canada, is a international stocking distributor servicing the janitorial, carpet and fabric, fire and flood industries. They have 10 locations to service their customers with fully trained inside and outside sales staff, as well as service personnel, including licensed mechanics to service all your equipment repair needs. Janitors' Warehouse is also an industry leader in environmental products and training. Forward-looking statement: This press release contains forward-looking statements about the company's performance. These statements are based on management's estimates, assumptions and projections and are not guarantees of future performance. ProfitCenter Software Inc. and Systemax Inc. assume no obligation to update these statements. Actual results may differ materially from results expressed or implied in these statements as the result of risks, uncertainties and other factors including, but not limited to: (a) unanticipated variations in sales volume, (b) economic conditions and exchange rates, (c) actions by competitors, (d) the continuation of key vendor relationships, (e) the ability to maintain satisfactory loan agreements with lenders, (f) risks associated with the delivery of merchandise to customers utilizing common carriers, (g) the operation of the company's management information systems, and (h) unanticipated legal and administrative proceedings. Please refer to the Forward Looking Statements section contained in Systemax Inc.'s Form 10-K for a more detailed explanation of the inherent limitations in such forward-looking statements. Product or service names mentioned herein are the trademarks of their respective owners.