Message #3 From:
NewsBot Date: July 26, 2005 01:30:00 AM
REDI News Remote Dynamics Signs 60 New REDIview Customers Growing REDIview Base to over 4,000 Units in Q2; Leading Mobile Resource Management Solution Helps Customers Cut Costs and Increase Productivity
RICHARDSON, Texas--(BUSINESS WIRE)--July 26, 2005--Remote Dynamics, Inc. (Nasdaq:REDI), a leading provider of mobile resource management solutions for commercial fleets, announced it has signed 60 new REDIview(TM) customers in the second calendar quarter bringing the total REDIview vehicle units sold since the January, 2005 product launch to over 4,000. Remote Dynamics believes that REDIview has gained increased market acceptance across multiple verticals such as construction, communications, energy, HVAC, and produce since its introduction in January of this year.
Remote Dynamics' REDIview solution is a complete suite of mobile resource management solutions created for managing and maintaining commercial fleets, providing businesses across North America affordable access to enterprise-level telematics designed to cut costs and improve operations, regardless of fleet or mobile workforce size.
Global Textile located in Dalton, Georgia recently purchased REDIview units for a portion of their fleet of delivery trucks. "We switched from another mobile tracking product which required proprietary equipment to access vehicle data and moved to REDIview which allows us to view our information on any laptop or computer that has access to the Internet," said Mike Trotter, traffic manager at Global Textile. "My total cost per truck is only $2 or $3 a day, and I easily recover those costs with more efficient operations such as less truck idle time."
Pacific Coast Fruit, one of the largest independent wholesale produce distributors on the West Coast, purchased REDIview for their fleet of produce distribution trucks. "Remote Dynamics provides us with an automated and accurate way to monitor our drivers' daily activity," said Tim Simnitt, director of transportation at Pacific Coast Fruit. "We have the capability to run detailed reports to track driver productivity, ensuring continuous on-time customer deliveries. We can also run cost analysis on our routes which enables us to minimize labor costs and decrease fuel consumption while increasing our business as a company."
"We have completed our second calendar quarter of the REDIview solution rollout and are extremely pleased with the feedback from our customers citing the extensive functionality and ROI generated from the use of the products," said Joe Pollard, senior vice president of sales and marketing at Remote Dynamics. "We believe our installed base of over 120 customers is market validation that the REDIview solution delivers value at a price/performance point acceptable to the market. With REDIview, customers can truly drive down fleet operating costs and gain more insight into their business processes thereby enhancing service and delivery to their customers."
About REDIview:
Implementing today's leading wireless and network technologies, REDIview is a unique, easy-to-use, telematics system that enables any business fleet with mobile resource management capabilities, anytime and anywhere. The Remote Dynamics' mobile data logging unit, the REDI2000, transmits minute-by-minute vehicle information via GPRS networks to the company's network operations center, where the information is managed, stored and accessed securely through any Internet browser. Combined with GPS tracking, REDIview gives fleet operators real-time tracking of mobile assets and exception-based reporting that identifies areas of cost and service performance improvement. The REDIview solution delivers an immediate return on investment through increased revenues and reduced operating costs for customers with fleets of any size. More information on REDIview is available online at http://www.remotedynamics.com/product.html.
About Remote Dynamics:
Remote Dynamics, Inc. (Nasdaq:REDI) provides patented state-of-the-art mobile resource management solutions that contribute to higher customer revenues, enhanced operator efficiency and improved cost control. Combining GPS and wireless telematics with supply chain management, the company's solutions improve mobile worker productivity through real-time position and route reporting, as well as exception-based reporting that analyzes mobile workforce inefficiencies for operational optimization. More information about Remote Dynamics is available online at http://www.remotedynamics.com.
Legal notice to investors: Certain matters discussed in this press release are "forward-looking statements" intended to qualify for the safe harbors from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements can generally be identified as such because the context of the statement will include words such as the company "expects," "believes," "anticipates" or words of similar import. Similarly, statements that describe the company's future plans, objectives or goals are also forward-looking statements. Such forward-looking statements generally involve known and unknown risks, uncertainties and other facts, which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following: ability to successfully implement new customers; acceptance of new product offerings; ability to successfully implement a channel partner strategy; ability to co-market and/or integrate REDIview products and services with channel partners products and services; ability to successfully integrate mobile resource management products with customer's existing logistics management systems; ability to achieve sales projections; ability to achieve and maintain margins during periods of rapid expansion; availability of capital to fund expansion and change in business model to recurring revenue model; ability to attract and retain qualified sales personnel; market conditions; general economic and business conditions; business abilities and judgment of management and personnel; changes in business strategy and competition. For a listing of risks applicable to the future prospects of the company, please refer to the reports filed with the SEC, such as recent 10-K and 10-Q Reports.
"Remote Dynamics," "REDIview," and their associated logotypes are trademarks and service marks of Remote Dynamics, Inc. (C) Remote Dynamics, Inc. All rights reserved.
