CARY, N.C., May 24, 2005 (PRIMEZONE) -- Mobile Reach International, Inc. (OTCBB:MBRI) today announced the availability of AssetReach Version 3.2.5, a mobile software tool that helps businesses meet Sarbanes-Oxley accounting standards more efficiently and cost-effectively. AssetReach is a best-in-class enterprise mobile solution that automates the management of IT assets, resulting in an accurate and legally compliant inventory.
The Sarbanes Oxley Act of 2002 established a rigorous new system of compliance, controls, and disclosures--and put into place a rigorous audit to prove adequate safeguards and consistent processes. The audit requires companies to make a statement of internal control, including IT controls, in annual reports to the Securities and Exchange Commission (SEC). AssetReach facilitates the Sarbanes-Oxley audit by employing bar code scanners to streamline the intake of asset information and cut down on human error.
"Sarbanes-Oxley places significant new demands on business to maintain an accurate and reliable inventory of IT assets--manual or paper-based inventory processes are no longer viable," said Mark Lloyd, President and Chief Technology Officer at Mobile Reach. "A systems-based approach is not only easier but is the key to demonstrating consistent processes and internal controls."
AssetReach extends asset management programs, making these systems accessible through mobile devices--such as mobile phones, PDAs, bar code scanners, tablet computers and laptops. With AssetReach, organizations gain the ability to create, access and change information about their IT assets at any time, online or offline, from any location.
"AssetReach extends enterprise asset management systems, and the result is a trustworthy inventory that is continuously workable--even in the field. The added benefit, of course, is that AssetReach cuts down on the time and money required to document Sarbanes-Oxley compliance," said Lloyd.
The AssetReach system offers multiple benefits, including:
-- Direct validated integration from barcode scanner to
Remedy database
-- Accelerated audit compliance through consistent,
rule-based collection
-- Quick delivery with a non-invasive API that extends
core Remedy functions in nominal implementation time
-- Improved accuracy due to barcode scanning and pre-set
buttons that eliminate error prone data entry
-- Point of action data capture that takes asset management
to the field with mobile software, mobile devices, and
bar code scanner technology
About Mobile Reach
Mobile Reach International, Inc. takes technology to the point of action with "On-Time-All-the-Time" software solutions and related services for mobile phones, PDAs, bar code scanners, tablet computers and laptops. Taking real-time enterprise to the next level, Mobile Reach creates a world where mobile computing devices are connected to dynamic business information across any network, anytime.
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, 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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