Fleetwood Extends Contract With Corio
Corio Applications on Demand(TM) Selected for Enterprise Applications
SAN CARLOS, Calif., March 19 -- Corio, Inc. , a leading enterprise application service provider, today announced that Fleetwood Retail Corp. (FRC), a wholly owned subsidiary of Fleetwood Enterprises, Inc. , has extended its contract. Under a five year agreement, FRC has selected Corio Applications on Demand(TM) for its enterprise application service.
A Fortune 1000 company, Fleetwood Enterprises is a leading provider of recreational vehicles and popular manufactured homes. Fleetwood Retail Corp. was established to assist in the housing purchases of Fleetwood's customers. FRC has selected Corio to deliver applications for its SAP enterprise financial system.
Corio Applications on Demand(TM) is an end-to-end enterprise application management solution available for a fixed monthly fee. Offered as a 'pay-as- you-go' utility like service, Corio delivers leading enterprise applications from independent software vendors. Customers are able to adjust the service as their needs change, defer expensive infrastructure procurements and reduce IT costs. Corio delivers the skill and expertise necessary to support reliable and secure enterprise applications enabling customers to focus their resources and capital investments on core business activity. Corio Applications on Demand(TM) helps organizations reduce operational costs and become more efficient.
"Cost efficiency and exceptional service are our IT priorities," said Jack Darnall, president of Fleetwood Retail Corp. "We depend on Corio to provide FRC with reliable access to our SAP applications, so we can better focus attention on our customers."
"Customer satisfaction is the foundation of our business and FRC's decision is a significant endorsement," said John Ottman, executive vice president of Worldwide Markets at Corio. "On demand services improve operational efficiency and reduce the cost of enterprise computing."
About Corio, Inc.
Corio, Inc. is a leading enterprise application service provider (ASP). Corio Applications on Demand(TM) delivers enterprise applications from leading independent software vendors for a fixed monthly fee. Corio provides infrastructure, applications management, consulting services, and iSRVCE technology resource management (TRM) software. Additional information about Corio is available at http://www.corio.com/ .
About Fleetwood Retail Corp.
Fleetwood Retail Corp. is a wholly owned subsidiary of Fleetwood Enterprises, Inc. , a Fortune 1000 company headquartered in Riverside, Calif. Fleetwood Enterprises, Inc. is the nation's leader in recreational vehicle sales and a leading producer and retailer of manufactured housing. Over one million families call Fleetwood home throughout the United States. Fleetwood's recreational vehicle line includes motor homes, travel trailers, fifth wheels, truck campers and folding trailers. Additional information on Fleetwood is available at www.fleetwood.com .
Corio is a registered trademark of Corio, Inc. Applications on Demand, iSRVCE and SRVCE are trademarks of Corio, Inc. All other product and company names mentioned herein may be the trademarks of their respective owners.
FORWARD-LOOKING STATEMENTS:
Matters discussed in this release involving expectations, beliefs, plans, projections, intentions, future events or strategies are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities and Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995, and are made under their safe-harbor provisions. Such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. Forward-looking statements herein include statements regarding the services to be provided by Corio to Fleetwood and the benefits of Corio's relationship with Fleetwood. Some of the specific factors that may cause actual results to differ include: the fact that Corio operates in a new industry with a rapidly-evolving business model, the fact that the structure of relationships may change and relationships may terminate, and Corio's ability to adapt its services for rapidly changing technology. Additional risks that could cause actual results to differ materially from those projected are discussed in our public filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's analysis only as of the date hereof. Corio undertakes no obligation to publicly release the results of any revision to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
Press Contact: Clare Stephens Patel Corio, Inc. +1 650.232.4048 cspatel@corio.com