IBSS & Silenus Group Forge Strategic OEM Agreement
Integrated Business Systems and Services, Inc. 115 Atrium Way, Suite 228Columbia, SC 29223 (803) 736-5595 FAX (803) 736-5639 Media Contact Investor Contacts Lorri-Ann Carter Sean Collins CarterTodd & Associates, Inc. Coffin Communications Group (West Coast) 803.779.4005 ext. 22 818.789.0100 ext. 102 la@cartertodd.com sean.collins@coffincg.com IBSS & Silenus Group Forge Strategic OEM Agreement Silenus Group Integrates IBSS Synapse Technology for Manufacturers to Improve Real-Time Coordination and Collaboration with Supply Chain Partners Columbia, SC-August 20, 2001-Integrated Business Systems & Services, Inc. , a leading provider of automation for the production portion of the supply chain, today announced a strategic OEM agreement with Silenus Group. According to the terms of the agreement, Silenus Group will use IBSS' Synapse technology to create Silenus Group's new enterprise inventory management product called Tracking in a Box. Silenus Group's new Synapse-based product enables manufacturers to track products and achieve real-time coordination and collaboration among all participants in the entire enterprise, including supply chain partners. Earlier this year, Silenus Group joined IBSS' Integrator Referral/Reseller Program. Silenus Group works with manufacturers such as General Motors, Nissan, Ford, and Venture Industries. The Michigan-based company also works with corporations in the furniture, state government, roofing and retailing sectors. "This is just the first of many technology products Silenus Group will develop using IBSS' Synapse technology," said Eric Karsten, president and COO of Silenus Group. "We are very impressed with IBSS' Synapse technology because not only can it function as a powerful stand-alone system for order management, inventory management, manufacturing execution, shipping management and online transaction processing, but it can also be used to create other robust software applications for enterprise supply chain management." "Our company's overall business strategy is to partner with industry-leading companies to provide added value and new distribution channels for IBSS," said Harry Langley, President and CEO of IBSS. "Silenus Group is a recognized premier technology company with a very impressive client list in the automotive sector and we are proud that Silenus Group considers Synapse to be an integral part of its core technology offerings." About Silenus Group Since 1988, the Michigan-based solutions integrator has provided technology to help solve business problems across multiple vertical markets in the manufacturing industry. Silenus Group has specifically worked with companies in the automotive, furniture, state government, roofing, and retailing environments. Silenus Group consultants help evaluate, select, develop, modify, implement and support applications that increase efficiency; increase customer satisfaction; reduce costs and create competitive advantage. Silenus Group focuses on manufacturing solutions using five core technologies: real-time data collection, relational databases, application programming, communications and e-business. For more information about Silenus Group's solutions and services, call 248-735-8077 or visit http://www.silenus.com. About IBSS Incorporated in 1990, IBSS is a national provider of collaborative production management software solutions that enable companies to manage in real-time every aspect of their manufacturing operations from tracking to managing production. The Company's flagship product, Synapse Manufacturingä is designed to track and schedule each process of the manufacturing operation and to efficiently capture real-time data required for effective management. It is the easy and rapid installation, low maintenance and versatility of the Synapse software that allows Synapse users to realize a true competitive advantage. The IBSS line of Synapse-based products includes Synapse Manufacturingä for manufacturing plant automation; Synapse EAI+ä for enterprise modeling and application integration; and Synapse ASPä for ASP enablement. IBSS has offices in Columbia and Detroit. For more information about IBSS' technology and services, call 800-553-1038 or visit http://www.ibss.net . Except for the historical information herein, the matters discussed in this news release include forward-looking statements that may involve a number of risks and uncertainties. Actual results may vary significantly based on a number of factors, including, but not limited to, risks in product and technology development and integration, market acceptance of new products and continuing product demand, the impact of competitive products and pricing, changing economic conditions and other risk factors detailed in the Company's most recent annual report and other filings with the Securities and Exchange Commission. ###