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 current 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 proportion 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 2013 ended January 31, 2013, and in particular, the section entitled “Risk Factors” therein, and in other periodic reports the company files with the Securities and Exchange Commission.
At the 2013 AIAG Awards ceremony, Terry Onica, senior director of automotive for QAD Inc. (NASDAQ: QADA) (NASDAQ: QADB), was honored again this year for her industry leadership, expertise and contribution to the advancement of global Materials Management Operations Guidelines/Logistics Evaluation ( MMOG/LE).
Morris Brown, AIAG Executive Loan, Chrysler and Dan Howe, AIAG Executive Loan, General Motors present AIAG Award to Terry Onica, QAD (Photo: Business Wire)“Terry Onica, as a key leader of our industry, in the MMOG/LE workgroup and as an executive of QAD, demonstrates the knowledge and leadership skills that the industry respects across the automotive supply chain community -- at national, regional, and global industry levels,” said Nancy Malo, program manager at AIAG. “As a proponent of MMOG/LE, QAD’s Terry Onica is lauded for advancing the MMOG/LE assessment tool throughout the supply chain community.” MMOG/LE is a self-assessment which was introduced by AIAG and Odette to improve global supply chains in the area of materials management and logistics performance. After completing the assessment, MMOG/LE automatically scores a supplier’s capabilities and provides a gap analysis for suppliers to identify actions for continuous improvement. Onica serves as a representative for AIAG’s global MMOG/LE project, and has championed incorporating MMOG/LE tools and best practices into QAD tools. QAD’s consulting practice helps automotive suppliers to implement the required business systems and prepare for internal reviews and customer MMOG/LE audits. Onica has helped AIAG to develop training aimed at educating suppliers around the world. “Ever since we began collaborating with AIAG and Odette about ten years ago, QAD has focused on supporting OEMs and their suppliers globally by providing training and education through AIAG,” said Onica. “It’s gratifying to be recognized by AIAG. We look forward to working together to support AIAG goals and to help streamline industry processes and business practices globally in order to help our customers become more Effective Enterprises.” To find out more about QAD tools to support the MMOG/LE process, contact: email@example.com. About AIAG AIAG is a unique not-for-profit organization where, for more than 30 years, OEMs, suppliers, service providers, government entities and individuals in academia have worked collaboratively to drive down costs and complexity from the supply chain via global standards development and harmonized business practices. AIAG membership has grown to more than 960 members and includes renowned global manufacturers and many of their parts suppliers and service providers. For more information, visit www.AIAG.org. About QAD 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.