CENTER> (APPAREL-TECHNOLOGIES)(APTX) Apparel Technologies, Inc. Sierra Division signs $5 million agreement with Winpoint Retail Consulting Services, Inc.
COMMERCE, Calif.--(BUSINESS WIRE)--Nov. 11, 1997--APPAREL TECHNOLOGIES, INC. (NASDAQ:APTX) announced today that its Sierra Fixture & Design division has entered into an agreement with Winpoint Retail Consulting Services, Inc. to be the primary provider of 550 of Winpoint's Smart Pavilions through the year 2000, for a total consideration of $5 million. Installations will be made in shopping malls and retail establishments throughout the United States with the first installations scheduled for the Santa Monica Place Mall in Santa Monica, CA and the Columbia Mall in Columbia, MD.
Kathryn Van Ness, President and CEO of Apparel Technologies, stated: "Our agreement with Winpoint represents the largest single order obtained to date by Sierra and reflects the reputation which Sierra has established in the kiosk and retail fixture industry since its formation in 1995. We are extremely excited about establishing a long term relationship with Winpoint as it is a leader in providing innovative software solutions for the retail and point-of- purchase businesses and represents some of the largest malls and retailing chains in the country."
Winpoint Retail Consulting Services is a 20-year old developer of software for the retail marketing and point-of-purchase industries. Its award winning Smart Pavilion system, in partnership with major retail developers, offers shoppers free internet service in malls around the country. Each Pavilion, which sits in the center court of a mall, has four sides featuring touch screen displays allowing shoppers to find directions to stores, view online catalogues, access coupons and play games. The Pavilions also have several televisions that show commercials for products and services available in the mall. Shoppers may also access the systems outside of the mall via the internet from their personal computers and are given an opportunity to shop at their local malls with local delivery in as little as one hour.
The Sierra Fixture & Design unit of Apparel Technologies, Inc. designs, markets and installs fixtures used in retail stores, malls and mall service operations. Sierra's fixtures include temporary retail units, kiosks, carts and marketing directories, many of them incorporating state-of-the art electronics, debit card systems, interactive computers and touch screen directories.
Apparel Technologies' other divisions include The Digital Group, which provides proprietary advanced technology for digital printing; Susan Burrowes, Ltd., manufacturer of women's apparel for leading national retailers; and Just Jackets, Inc., which customizes jackets and denim shirts. -0- Except for historical matters contained herein, the matters discussed in this press release are forward-looking statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect assumptions and involve risks and uncertainties which may affect Apparel Technologies, Inc.'s business and prospects and cause actual results to differ materially from these forward- looking statements