CARY, N.C., May 11, 2005 (PRIMEZONE) -- Mobile Reach International, Inc. (OTCBB:MBRI) today announced the successful roll out of a new software system for bar code scanners. The software, called Asset Reach, enables companies to take a quick and accurate inventory of company assets directly on site with bar code scanners. The application streamlines the inventory process, greatly reducing the time it takes to record and track valuable assets. Mobile Reach customers have already confirmed significant cost savings with the Asset Reach system.
"We recently reviewed the Return on Investment (ROI) data from a customer using our product," said Mark Lloyd, chief technology officer at Mobile Reach. "We found that the client had experienced an 82 percent reduction in staff time. This customer performs the same wall-to-wall physical inventory each year. Last year, it took 50 people a total of 12 weeks to complete the task. This year, using Mobile Reach's software, it took 35 people only three weeks to perform the same work."
Mobile Reach software also enables real-time financial tracking of assets throughout the company, from initial receipt in the loading dock to final decommissioning and disposal.
Using Mobile Reach's software on bar code scanners means:
-- Companies have an up-to-date interface into an asset management
system on a mobile bar code scanning device.
-- Inventory specialists and technicians can capture, check and
modify asset information right where the asset is located --
in the receiving dock, in the warehouse, at installation location.
-- Accounting departments are assured of inventory accuracy and
regulatory compliance.
Lloyd added that, "We have now created a package specifically for rapid deployment so that our customers can be up and running quickly -- most of the time in as little as one day. We anticipate additional deliveries of this and other new mobile technologies to our clients in the coming months."
About Mobile Reach
Mobile Reach provides "On-Time-All-the-Time" software and related services for mobile phones, PDAs, bar code scanners, tablet computers and laptops. Mobile Reach software is currently providing efficiency for inventory specialists, cardiology physicians, infectious disease investigators, utility repair technicians, warehouse mangers, seaport dock managers, retail inventory managers and airport tarmac workers. The Company has developed the industry's most advanced mobile work-flow management system. Mobile Reach's system allows customers to operate so efficiently that they routinely reassign more than 20 percent of their mobile workers to other business critical tasks.
This press release contains forward-looking statements, which are made pursuant to the Safe-Harbor provisions of the Private Securities Litigation Reform Act of 1995. Words such as "intends," "believes" and similar expressions reflecting something other than historical fact are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products and technologies, the ability to secure additional sources of finance, and shareholder approval for a reverse stock split, the ability to reduce operating expenses, and other factors described in the companies' respective filings with the Securities and Exchange Commission. The actual results that the companies achieve may differ materially from any forward-looking statement due to such risks and uncertainties. The companies undertake no obligation to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
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