SANTA BARBARA, Calif.—November 29, 2011—QAD Inc. (NASDAQ: QADA) (NASDAQ: QADB), a leading provider of enterprise business software and services for global manufacturing companies, today announced the QAD Explore 2012 Customer Conference, to be held in Atlanta, Georgia, May 7–10, 2012 at the Hilton Atlanta.
Explore 2012 will deliver more than 40 hours of education, hands-on demonstrations, roundtable discussions and other networking and educational events. Attendees will have the opportunity to meet QAD founder and President Pam Lopker and other key executives, and engage with QAD partners and product experts at the QAD Solutions Expo, hosted on-site.
During Explore 2012, QAD will unveil the newest version of its enterprise resources planning solution: QAD Enterprise Applications 2012. Explore will also feature exciting developments in QAD’s software and delivery of services to help customers achieve its vision for The Effective Enterprise—where a company’s business processes operate at peak efficiency and align perfectly to its strategic goals.
“Explore is my favorite event of the year. It’s an opportunity for QAD customers and partners to get together and share new ideas,” said Lopker. “Plus, with so many new QAD products and initiatives to discuss, our speaker and agenda line-up promise to be more exciting than ever.”
Explore 2012 attendees also can enjoy the many benefits Atlanta offers, including exceptional dining and attractions, the world’s largest aquarium, an international airport boasting the world’s most non-stop flights, and its famed southern hospitality.
QAD will announce the Explore 2012 Customer Conference agenda and open online registration in January 2012. To learn more, visit: the QAD Explore Customer Conference website.
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QAD is a leading provider of enterprise applications for global manufacturing companies specializing in automotive, consumer products, electronics, food and beverage, industrial and life sciences products. QAD applications provide critical functionality for managing manufacturing resources and operations within and beyond the enterprise, enabling global manufacturers to collaborate with their customers, suppliers and partners to make and deliver the right product, at the right cost and at the right time. For more information about QAD, telephone +1 805-566-6000, or visit the QAD web site at www.qad.com.
“QAD” is a registered trademark of QAD Inc. All other products or company names herein may be trademarks of their respective owners.
Note to Investors: This press release contains certain forward-looking statements made under the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Words such as “expects,” “believes,” “anticipates,” “could,” “will likely result,” “estimates,” “intends,” “may,” “projects,” “should,” and variations of these words and similar expressions are intended to identify these forward looking statements. Forward looking statements are based on the company’s current expectations and assumptions regarding its business, the economy and future conditions. A number of risks and uncertainties could cause actual results to differ materially from those in the forward-looking statements. These risks include, but are not limited to, evolving demand for the company's software products and products that operate with the company's products; the company's ability to sustain license and service demand; the company's ability to leverage changes in technology; the company's ability to sustain customer renewal rates at curren levels; the publication of opinions by industry and financial analysts about the company, its products and technology; the reliability of estimates of transaction and integration costs and benefits; the entry of new competitors or new offerings by existing competitors and the associated announcement of new products and technological advances by them; delays in localizing the company's products for new or existing markets; the ability to recruit and retain key personnel; delays in sales as a result of lengthy sales cycles; changes in operating expenses, pricing, timing of new product releases, the method of product distribution or product mix; timely and effective integration of newly acquired businesses; general economic conditions; exchange rate fluctuations; and, the global political environment. In addition, revenue and earnings in the enterprise resource planning (ERP) software industry are subject to fluctuations. Software license revenue, in particular, is subject to variability with a significant prop tion of revenue earned in the last month of each quarter. Given the high margins associated with license revenue, modest fluctuations can have a substantial impact on net income. Investors should not use any one quarter's results as a benchmark for future performance. For a more detailed description of the risk factors associated with the company and the industries in which it operates, please refer to the company's Annual Report on Form 10-K for fiscal 2011 ended January 31, 2011, and in particular, the section entitled “Risk Factors” therein, and in other periodic reports the company files with the Securities and Exchange Commission.