RA'ANANA, Israel, Feb. 16, 2009 (GLOBE NEWSWIRE) -- Retalix(r) Ltd. (Nasdaq:RTLX), will announce its fourth quarter and FY 2008 financial results on Tuesday, March 17, 2009. Following the earnings press release, the Company's executive management will discuss the quarter and annual results, as well as the Company's strategy and future outlook, in a teleconference with analysts and investors.
The fourth quarter and full year 2008 financial results are expected to be within the Company's previously published estimates.
At the end of each calendar year, the Company is required to perform an impairment test on its goodwill. The test for 2008 is under way. For 2008, due to the global recession, the Company will also be testing its other intangible assets for impairment. The Company expects to complete the tests in March. If at the end of the full impairment tests any portion of goodwill or the other intangibles is found to be impaired, the Company would recognize a non-cash charge that would impact GAAP earnings and earnings per share for the quarter and year ended December 31, 2008. Such a non-cash charge would not impact the Company's non-GAAP financial figures.
Date: March 17, 2009 Time: 9:00 AM EDT / 3:00 PM JER To listen via Internet: http://www.retalix.com/Conference-call.cfm To participate in the live call: USA: 1-866-345-5855 UK: 0-800-404-8418 Israel: 1-800-227-297 International: +972-3-9180609
About Retalix
Retalix is an independent provider of software solutions to retailers and distributors worldwide. With over 40,000 sites installed across more than 50 countries, Retalix solutions serve the needs of grocery chains, convenience and fuel retailers, food and consumer goods distributors and independent grocers. The Company offers a portfolio of software applications that automate and synchronize essential retail and supply chain operations, encompassing stores, headquarters and warehouses. Retalix develops and supports its software through 1,300 employees in its various subsidiaries and offices worldwide. The Company's International headquarters are located in Ra'anana, Israel, and its American headquarters are located in Dallas, Texas. For more information about Retalix, please visit www.retalix.com.
Safe Harbor: Except for statements of historical fact, the information presented herein constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other U.S. federal securities laws. For example, the statements regarding our expected fourth quarter and FY 2008 financial results and the completion of goodwill and other intangible assets impairment tests involve forward looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, including revenues, income and expenses and impairment conclusions, to be materially different from any future results, performance or achievements or other guidance or outlooks expressed or implied by such forward-looking statements. Readers are referred to the reports and documents filed by Retalix with the Securities and Exchange Commission, including the Company's Annual Report on Form 20-F for the year ended December 31, 2007, for a discussion of these and other important risk factors. Retalix undertakes no obligation to publicly release the results of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events.