Retail Pro, Inc. (Pink Sheets:IPIN) (the “Company”) announced today that its latest version of Point of Sale (POS) software is generally available – Retail Pro® 9. This highly anticipated release follows a successful beta testing period with implementation in a variety of retail operations. Retail Pro® 9 is built on the Oracle platform ensuring a robust, reliable product and is the most significant advancement in the popular Retail Pro® POS system to date.
Retail Pro® is widely known for its ease of use, flexibility, high reliability, open database and convenient, on-target reporting. With the ability to track inventory, sales, merchandising, store operations, and back office functions, Retail Pro® 9 is capable of depicting data in an easy to use format that makes sense to the retailer. The software is highly adaptable for multi-national retailers who are faced with the difficult task of reconciling data while incorporating different languages, tax codes, and various other rules and regulations.
Retail Pro® 9 incorporates a number of new features including:
Multi-language, multi-currency, multi-company capabilities
A wide variety of predefined reports
Exchange data at near real time allowing for an accurate snapshot of any element in the store
Improved sales functionality for greater detailed customer data capture, enhanced customer purchase tracking, improved tendering for smoother transactions, gift receipts and more
Centralized Returns and Customer Lookup
Enhanced Sales Order functionality eases the interface between Receipts and customer orders, layaways, special orders and gift registries
Enhanced Opening and Closing procedures and X/Z Out Reports allow more detailed tracking of registers and modification of reports
Enhanced Check In/Out easily tracks employee hours and more
Improved KPI statistics available within Profile Reports allowing for greater flexibility in evaluating merchandise and vendor performance
Improved security features help protect businesses from employee or customer transaction fraud
CISP compliancy within the database, including secured credit card accessibility and automatic credit card encryption
Improved capabilities in count recording for a variety of in-store and multi-store inventories
New Technicians Toolkit provides easy access to a variety of tools for maintaining the database
Improved reporting capabilities, including the ability to create custom reports and view reports while working offline
Easy integration with third party applications
“This is an exciting milestone in the continuing evolution and advancement of Retail Pro. We have spent the past few years analyzing market trends and focusing resources in the development of our newest version of POS software. This is not only a new version of our application, but a highly scalable retail application with added features and functions that will enable a growing domestic or multinational retailer to compete successfully in the market. The improvement on legacy features and the addition of enhanced functionality will make Retail Pro 9 the new standard in retail software,” said Retail Pro’s CEO, Barry Schechter.
John Parkin, Director, Product Management for Retail Pro, echoes these sentiments. He states, “The Company has taken the time to research the features and functionality that retailers want included with their retail management software. From single-store retailers to some of the most widely recognized brands in the world, we have developed a solution that is scalable and ready to serve the needs of virtually any retailer.”
About Retail Pro®
Founded in 1986, Retail Pro, Inc. (OTC: IPIN.PK) is a global leader in Point of Sale, Store Operations, Merchandising, Planning, Business Intelligence, and Payment Processing software applications for the specialty retail industry. For over 20 years Retail Pro® has been helping retailers achieve their full potential by providing a unique, scalable, and reliable solution.
More than 45,000 specialty retail stores, representing in excess of 10,000 customers in over 73 countries, and available in 18 languages, have implemented Retail Pro®; from a single store to prestigious, multi-national enterprises.
Retail Pro® is delivered through a world-wide network of channel partners. The company maintains offices in the United States, United Kingdom, Australia, Mexico, Italy, Poland and China. For more information, please visit www.retailpro.com.
Certain statements contained in this news release regarding matters that are not historical facts are forward-looking statements, including those relating to product performance, fraud protection, transaction security, and ease of integration with third party software applications. These statements relate to future events or Retail Pro's future performance. These statements are only predictions. Because such forward-looking statements include risks and uncertainties, actual results may differ materially from those expressed in or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, the risk factors listed in the Company's Form 10-K for the fiscal year ended March 31, 2007 and other risk factors identified from time to time in the Company's filings with the Securities and Exchange Commission. Retail Pro undertakes no obligation to release publicly any revisions to the forward-looking statements to reflect events or circumstances after the date of this news release or to reflect the occurrence of unanticipated events.