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North America's leading packaging company selects IBS as supply chain partner for North America

Press Release July 3, 2006

Victory Packaging Inc. has signed an agreement worth approximately USD 2 million including financing, hardware, services and software. The agreement covers all of Victory's business units in the US, Canada and Mexico.

Victory Packaging Inc. is a family-owned and -operated business with world headquarters in Houston, Texas. With revenues surpassing 600 million USD, 70+ locations, 6 million feet of warehouse space and 400 delivery trucks spanning the continent, Victory is one of the leaders in the packaging industry. Victory Packaging will leverage the entire suite of supply chain modules offered by IBS, including inventory and warehouse management, sales and order management, accounting and finance, and multi-language and multi-currency operating on a single server for their entire enterprise of over 1,500 employees.

"Victory Packaging has experienced accelerated growth over the last few years and we needed to partner with a company that not only could handle our requirements as an international Distribution and manufacturing company, but also one that had the experience and resources to get us up and running quickly. We have outgrown our current ERP system and needed a partner that could help us accelerate the process of replacing our outdated systems with new state-of-the-art technology. We selected IBS after an exhaustive search. IBS' ability to handle our specific requirements were key decisions for selecting them as we grow over the years to come," commented Eugene Hope, CIO, Victory Packaging Inc.

"IBS is thrilled to partner with Victory Packaging. They have a great history of providing exceptional service to their customers. The company has experienced rapid growth over the last five years and we are ready to deliver to them a complete solution from a single vendor so that they can continue to provide their clients with the service they have come to expect. They will be able to leverage our experience in helping companies leverage technology across their entire enterprise regardless of boundaries, language or currencies. We are dedicated to making our partnership a success every step of the way," states Barry Christian, President, IBS-North America.

About International Business Systems

IBS is a leading provider of business software and consulting services for Wholesale Distributors and Manufacturers worldwide. Customers rely on IBS' suite of software applications to automate demand-driven, supply-chain processes and gain a competitive advantage through improved operational efficiencies. IBS is an IBM Global Strategic Alliance Partner. Corporate revenues exceed $300 Million, and a network of almost 2,000 employees that span over 44 countries. IBS headquarters in the Americas is located in Folsom, California.

For further information, please contact:
Dan J. Wells
Vice-President of Marketing, IBS Americas
Tel: 1 (800) 886-3900
dan.wells@ibsus.com

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