Milwaukee, Wis., July 1,
2008
– ARI (OTCBB:ARIS), a leading provider
of technology-enabled business solutions
that connect equipment dealers,
distributors and manufacturers,
today announced that it has acquired
certain assets of Info Access, the
micropublishing division of Eye
Communications, Inc., of Hartland,
Wis.
Under the terms of the transaction,
ARI will acquire all of the assets
related to electronic parts catalog
(EPC), electronic commerce and certification
testing for service technicians.
Terms of the transaction
were not disclosed.
“We are very pleased to add many
of the employees and the customers
of Info Access to the ARI family,”
said Brian E. Dearing, ARI’s chairman
and chief strategy and corporate
development officer.
“We are committed to continuing
to provide the stellar service and
support that manufacturers like
Whirlpool, Maytag, Electrolux, LG,
U-Line, and Viking and their distributors
and service agents have come to
expect.
We also look forward to expanding
our presence in the appliance industry
with additional offerings, including
our award-winning marketing services.”
Dearing said that the acquisition
is expected to add more than $1
million in profitable revenue to
ARI and is expected to be accretive
to revenue and income per share
within the first year.
“We are excited about entering a
new vertical market,” said Roy W.
Olivier, ARI’s president and chief
executive officer.
“We are looking forward to
integrating the Info Access operations
and leveraging our position as the
number one EPC supplier to the appliance
industry.”
As part of the transaction, nine
Eye Communications employees will
join ARI, including Donald E. Grice,
general manager of the micropublishing
unit.
“I’m delighted to be joining
forces with ARI,” said Grice, who
will serve as business development
manager – appliance industry for
ARI.
“In addition to continuing
to provide excellent service to
our customers, we will now have
the resources to deliver additional
products and services to appliance
manufacturers and distributors across
the industry.”
About
ARI
ARI is a leading provider
of electronic parts catalogs and
marketing services to dealers, distributors
and manufacturers in the manufactured
equipment markets. ARI currently
serves 76 manufacturers, 158 distributors
worldwide and provides CD-ROM catalogs
to more than 20,000 dealers, as
well as internet catalogs to many
additional dealers in about a dozen
segments of the worldwide equipment
market including outdoor power,
power sports, motorcycles, ag equipment,
marine, recreation vehicles, floor
maintenance, auto and truck parts
after-market and construction.
For more information on ARI,
visit our website www.arinet.com
Statements in this news release
are "forward-looking statements"
within the meaning of the Private
Securities Litigation Reform Act.
The forward-looking statements can
generally be identified by words
such as "believes," "anticipates,"
"expects" or words of similar meaning.
Forward-looking statements also
include statements relating to the
Company's future performance, such
as future prospects, revenues, profits
and cash flows. The forward-looking
statements are subject to risks
and uncertainties, which may cause
actual results to be materially
different from any future performance
suggested in the forward-looking
statements. Such risks and uncertainties
include those factors described
under "Forward Looking Statements
Disclosure" in Exhibit 99.1 of the
Company’s annual report on Form
10-KSB for fiscal year ended
July 31, 2007
filed with the Securities and Exchange
Commission. Readers are cautioned
not to place undue reliance on these
forward-looking statements. The
forward-looking statements are made
only as of the date hereof, and
the Company undertakes no obligation
to publicly release the result of
any revisions to these forward-looking
statements. For more information,
please refer to the Company’s filings
with the Securities and Exchange
Commission.
Contact:
Nancy Krajcir-Bennett
ARI
Tel: (414) 973-4380
Fax: (414) 973-4357
Email: krajcir@arinet.com
