SalePoint Announces $3 Million Agreement with Factory 2-U Stores
San Diego, Calif. -- July 21, 2000 - Larry Haworth, president of SalePoint, Inc. announced today that Factory 2-U has signed a $3 million contract to purchase IBM point-of-sale hardware and integration services from SalePoint over the next two years. This new agreement is a continuation of a relationship that began between SalePoint and Factory 2-U in 1994. Terms of the current purchase agreement were not disclosed. Haworth stated, "We are pleased that Factory 2-U has enjoyed great success under its new management team and is growing at a rapid rate. Factory 2-U's selection of proven IBM 4694 Point-of-Sale terminals shows the management staff's commitment to provide Factory 2-U customers with a quality shopping experience." Tracy Parks, Executive Vice President Logistics Chief Information Officer for Factory 2-U stated, "SalePoint is helping us move forward with our plans to further streamline our operations and provide our customers with the best point of sale products and services possible. We are confident that we have made a wise investment for years to come."
Factory 2-U Stores is a California-based, publicly held company operating off-price retail stores throughout seven western states. Factory 2-U provides quality, brand name, in season family clothing and home products at prices well below other stores. More information is available at http://www.factory2-u.com/.
SalePoint is an IBM Premier Business Partner headquartered in San Diego with offices in Sacramento, California and Columbus, Ohio. SalePoint provides integrated retail solutions ranging from corporate merchandising management solutions to store solutions. With its large base of high profile specialty retailers, SalePoint is a leader in the retail information systems industry.
| For more information: | SalePoint, Inc. |
| Marcia S. Thal | |
| Vice President Marketing | |
| 858/625-2914 | |
| info@salepoint.com |
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