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Subject: [announce] Arbortext Completes Record First Quarter
Arbortext Completes Record First Quarter Signs AutoZone, Convergys and, KBC Bank of Belgium among new customers ANN ARBOR, Mich., April 29, 2002 -- Arbortext, Inc., the only global provider of XML-based software for multichannel publishing, today announced that it completed a record first quarter ending March 31, 2002. The continued growth was supported by the addition of many new customers, including AutoZone (NYSE: AZO), Convergys (NYSE: CVG) and KBC Bank of Belgium. “Arbortext continues to perform beyond market conditions to meet its target revenues, placing it among the top 10 percent of technology companies,” said Promod Haque, managing partner of Norwest Venture Partners, a lead investor for Arbortext. “Arbortext’s strong revenues and its ability to attract new customers in the midst of a difficult economy affirm the company’s value proposition and compelling ROI.” ”We’re continuing to succeed because people are realizing that the importance of cutting costs and improving information quality through multichannel publishing is a strategic opportunity,” said Raymond Schiavone, president and CEO of Arbortext. “The combination of our Epic product suite, our commitment to product innovation, and our ongoing focus to develop strategic alliances continues to attract the world’s leading organizations.” Arbortext’s Epic products enable organizations to create a single source of information and automatically publish dynamic content for multiple audiences and to multiple types of media: Web, print, CD-ROM, wireless and more. Through Epic, Arbortext’s customers are experiencing the benefits that an XML authoring and multichannel publishing solution offers, including delivering dynamic content that adapts to the needs of each audience, improving customer relationships through improved information quality, and slashing expenses by eliminating costly manual efforts. Q1 Highlights Continuing to strengthen its strategic alliances, Arbortext entered into partnerships with Accenture (NYSE:ACN), Flatirons Solutions Corporation and CTX Corporation. These partners are working with Arbortext to build solution-oriented applications for large, multinational organizations in industries such as automotive, publishing, finance and government. Arbortext signed many new customers in the quarter ending March 31, 2002, bringing the total customer count to more than 3,600. Leading companies signed in Q1 include AutoZone, Convergys Corporation, Europa Publications, Ltd., and KBC Bank of Belgium. Arbortext also saw reorders from many of its larger customers, including General Motors, SAS Institute, Northrup Grumman and Nokia Networks. About Arbortext Arbortext is the only global provider of XML-based multichannel software that enables the creation, editing and publishing of information to multiple media types – Web, print, CD-ROM, wireless – from a single source of content. Shipping since 1991, Arbortext’s standards-based software supports technical publishing, reference publishing and catalog publishing applications that enable enterprises to provide more accurate, cost-efficient, complete, timely, consistent and usable information on all media. Arbortext’s software is installed at over 300 large multinational organizations. Current customers include American Express Financial Services, Audi, Boeing, British Aerospace, Caterpillar, DaimlerChrysler, Ericsson Telecom, Ford, General Electric, GM, IBM, International Thomson Publishing, Lucent, Nokia, Nortel Networks, PeopleSoft, Pfizer, Qantas, Ricoh, Sun Microsystems, United Airlines, Volkswagen, Volvo and West Group. Arbortext is a founding member and active participant in the XML Activity of the World Wide Web Consortium (W3C). Headquartered in Ann Arbor, Michigan, USA, Arbortext has offices around the world. For more information please visit http://www.arbortext.com. # # # Contact: Beth Ambaruch Steve Jensen Arbortext, Inc. Phase Two Strategies +1 734.327.6014 +1 415.772.8403 bea@arbortext.com sjensen@p2pr.com
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