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.
QAD Inc. (NASDAQ: QADA) (NASDAQ: QADB), a leading provider of enterprise software and services for global manufacturing companies, announced it has been selected by the Automotive Industry Action Group (AIAG) to provide Materials Management Operations Guidelines/Logistics Evaluation ( MMOG/LE) training in Spanish to suppliers in Mexico. Designated by AIAG as the authorized training provider, QAD will deliver the course, “Global MMOG/LE Implementation Training: Level 1” at QAD headquarters in Mexico City in Spanish on October 14 and December 2, 2013. The course assists suppliers in preparing to effectively implement a world-class materials plan and logistics management system. Suppliers will learn how to complete an MMOG/LE supplier self-assessment, identify gaps and establish a continuous improvement plan. Suppliers can register for the course on the AIAG website in the training section on international events here. QAD – Global Automotive ERP Leadership “QAD is globally recognized for its ERP leadership, industry expertise and MMOG/LE training engagements with auto suppliers around the world,” said David Lalain, vice president at AIAG. “We are pleased to authorize QAD as the designated provider of MMOG/LE training for suppliers based in the rapidly growing automotive industry in Mexico.” First introduced in 2002 by AIAG and its European counterpart Odette, MMOG/LE guides suppliers in assessing, improving, and benchmarking materials management and logistics processes. Global automotive original equipment manufacturers (OEMs) and suppliers that embrace the implementation of MMOG/LE have reduced costs from errors, waste and workload for both suppliers and customers. “QAD is committed to ensuring global suppliers are armed with the best tools and training to meet MMOG/LE requirements,” said Eugenio Riveroll, senior vice president of Latin America. “Together with AIAG and sister organization ODETTE, we share a vision to prepare automotive suppliers to become world-class manufacturers -- to perform at their best and become more Effective Enterprises.” QAD also serves as the AIAG designated training provider for MMOG/LE in Canada, the United States and throughout Asia Pacific. In addition, QAD is designated by Odette to train in Central and Eastern Europe. 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 Inc. (NASDAQ: QADA) (NASDAQ: QADB), is a leading provider of enterprise software and services designed for global manufacturing companies. For more than 30 years, QAD has provided global manufacturing companies with an enterprise resource planning (ERP) system that supports operational requirements; including financials, manufacturing, demand and supply chain planning, customer management, business intelligence and business process management. QAD offers flexible deployment options like QAD On Premise software and QAD On Demand software-as-a-service. Customers can operate in a blended environment where some users can be deployed On Premise and some users deployed via On Demand while offering the same end-user experience. With QAD, customers and partners in the automotive, consumer products, food and beverage, high technology, industrial products and life sciences industries can better align daily operations with their strategic goals to meet their vision of becoming more Effective Enterprises. For more information about QAD, telephone +1 805-566-6000, visit 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.