SAN FRANCISCO, CA -- (MARKET WIRE) -- March 20, 2007 -- Maxager Technology, the original provider of velocity-driven enterprise profit optimization solutions, today announced expansion of its worldwide presence with the addition of Dr. David Wu as Vice President of Business Development and the opening of its latest office in Frankfurt.

Leveraging his 15+ years in management consulting, Dr. Wu will be based out of Taipei and will be charged with helping grow Maxager's Asia presence. Prior to joining Maxager, Dr. Wu was with Proudfoot Consulting as Vice President Greater China and also held the position of Vice President of KPMG Taiwan where he was responsible for their consulting business.

"We are very excited for David Wu to join the Maxager team and help support our expansion efforts in Asia," said Gordon Chen, President Asia. "His extensive technology and business expertise will ensure that our customers are getting the most out of their Maxager solution."

On related expansion news, Maxager opened the doors to its Frankfurt office to provide its rapidly growing European customer base with additional local support.

"With greater data availability and increased adoption of the Maxager's Profit Velocity® approach, we needed to provide local support for those customers," said Oliver Braun, Vice President Europe. "As Maxager continues to gain momentum throughout Europe, we will open additional offices as needed."

About Maxager Technology

Founded in 1996, Maxager's patented enterprise profit optimization (EPO) solutions help leading chemicals, metals, electronics and other complex manufacturers such as Dow Chemical Company, Owens-Illinois, Siliconware Precision Industries and WCI Steel increase cash and profit worth 3-5% of revenue. Uncovering profit gain opportunities that are obscured by traditional "margin only" analysis, Maxager uses both margin and production velocity information to analyze history and generate realistic forward modeling that provides management teams an entirely new level of control over Return on Assets (ROA) -- the key driver of shareholder value.

Ideal for manufacturers with a wide range of products, customers and assets, Maxager's unique technology calculates precisely how fast each product, customer, or market generates cash and profit from the assets, allowing managers to truly optimize product mix & customer mix profitability, sales & profit planning, strategic pricing, and production planning. New customers typically begin reaping benefits within 60 days. Maxager is headquartered near San Francisco with offices in Europe and Asia. For more information, visit www.maxager.com or call +1.888.MAXAGER.

©2007 Maxager Technology. All rights reserved. Maxager is a registered trademark of Maxager Technology, Inc. All other trademarks are the sole property of their respective owners.

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