TECSYS Divests its Interest in TECSYS Latin America Inc.; Reaffirms Reseller Agreement
26 Abril 2012 - 12:48PM
Marketwired Canada
TECSYS Inc. (TSX:TCS), an industry-leading supply chain management software
company, announced today that it has divested its 30% equity interest in TECSYS
Latin America Inc. ("TLA"). TECSYS has been an equity investor since 2005. TLA
serves customers in 15 Latin American and Caribbean countries and is a reseller
of TECSYS Inc.'s ("TECSYS") supply chain management software and other solutions
in these regions under a distribution agreement which remains in effect.
Peter Brereton, President and CEO of TECSYS Inc., commented on the divestiture:
"Due to the limited size of the local market that it serves, TLA needs the
freedom to deal in a broader range of product than TECSYS can supply. This
agreement allows TLA to continue to broaden its offering, while continuing to
represent TECSYS as its primary product line in the region."
About TECSYS
TECSYS is a leading supply chain management software provider that delivers
powerful enterprise distribution, warehouse and transportation logistics
software solutions. The company's customers include more than 500 mid-size and
Fortune 1000 corporations in healthcare, heavy equipment, third-party logistics,
and general wholesale high-volume distribution industries. TECSYS' shares are
listed on the Toronto Stock Exchange under the ticker symbol TCS.
The statements in this news release relating to matters that are not historical
fact are forward looking statements that are based on management's beliefs and
assumptions. Such statements are not guarantees of future performance and are
subject to a number of uncertainties, including but not limited to future
economic conditions, the markets that TECSYS Inc. serves, the actions of
competitors, major new technological trends, and other factors beyond the
control of TECSYS Inc., which could cause actual results to differ materially
from such statements. More information about the risks and uncertainties
associated with TECSYS Inc.'s business can be found in the MD&A section of the
Company's annual report and annual information form for the fiscal year ended
April 30th, 2011. These documents have been filed with the Canadian securities
commissions and are available on our website (www.tecsys.com) and on SEDAR
(www.sedar.com).
Copyright (C) TECSYS Inc. 2012. All names, trademarks, products, and services
mentioned are registered or unregistered trademarks of their respective owners.
Titan Logix (TSXV:TLA)
Gráfico Histórico do Ativo
De Jan 2025 até Fev 2025
Titan Logix (TSXV:TLA)
Gráfico Histórico do Ativo
De Fev 2024 até Fev 2025
Notícias em tempo-real sobre Titan Logix Corp da TSX Venture Exchange bolsa de valores: 0 artigos recentes
Mais Notícias de Titan Logix Corp