Message-ID: <7364286.1075855495188.JavaMail.evans@thyme> Date: Thu, 3 May 2001 09:52:00 -0700 (PDT) From: news@prosrm.com To: fermis@ect.enron.com Subject: PROS announces a record quarter Mime-Version: 1.0 Content-Type: text/plain; charset=ANSI_X3.4-1968 Content-Transfer-Encoding: quoted-printable X-From: "PROS Revenue Management" X-To: fermis@ect.enron.com X-cc: X-bcc: X-Folder: \Frank_Ermis_Jun2001\Notes Folders\Discussion threads X-Origin: Ermis-F X-FileName: fermis.nsf PROS Revenue Management Announces Record Quarter Q1 shows moves and advances May 3, 2001--Houston-- PROS Revenue Management, the world=01,s leader in re= venue=20 management science and software products, and the pioneer and dominant=20 provider of revenue management to the airline and energy industries, today= =20 announced yet another record quarter. PROS=01, record revenue for the first quarter of 2001 was $8.7 million, a 5= 6%=20 increase over revenue for the same quarter last year. Additionally, this= =20 quarter continues to show strong profitability and positive cash flow,=20 enhancing PROS=01, strong, debt-free balance sheet. This follows record an= nual=20 revenues, positive cash flow, and profits in 2000. PROS (Pricing Revenue Optimization Solutions) has grown in more than just i= ts=20 revenues and profits. Employment has increased 11% in the quarter and is= =20 projected to increase 25% by the midpoint of this year, continuing PROS=01,= =20 rapid employee growth rate of 28% in 2000. "We are very pleased with the first quarter results, as they represent=20 continuing client confidence in our high value solutions," says Bert=20 Winemiller, Chairman and CEO of PROS Revenue Management. "During the first= =20 quarter, we also announced the successful implementation of the PROS=20 Enterprise Revenue Management Platform. PROS Platform uses world leading= =20 science, forecasting and optimization to generate revenue and profits for= =20 PROS=01, clients worldwide. The PROS Platform is high performance, distrib= uted=20 computing, using parallelized, highly scalable technology. This architectu= re=20 will support the high performance, high availability, real time, mission=20 critical applications of our clients. PROS=01, advanced architecture suppo= rts=20 data intensive and calculation intensive, science based enterprise solution= s." Highlights of the first quarter of 2001 also include PROS=01, move of its= =20 corporate headquarters to the ComTech Center in midtown Houston. On April= =20 30, PROS began occupying 73,000 sq ft of newly refurbished office space. = =20 This state-of-the art facility will assist in the support of PROS=01, expan= sion=20 both internally and into other industries. PROS Revenue Management is the world=01,s leader in pricing and revenue=20 optimization solutions and the pioneer and dominant provider of revenue=20 management to the airline industry. PROS provides system solutions to the= =20 airline, cargo, rail, energy, healthcare and broadcast industries, and has= =20 delivered over 200 systems to more than 80 clients in 37 countries. PROS=01= ,=20 clients include 17 of the top 25 carriers in the airline industry. The PROS mission is to maximize the revenue of each client using PROS=01,= =20 world-leading revenue management science, systems solutions, and best=20 practices business consulting. PROS=01, clients report annual incremental= =20 revenue increases of 6-8% as a result of revenue management. PROS=01, solut= ions=20 forecast demand, optimize inventory, and provide dynamic pricing to maximiz= e=20 revenue. Founded in 1985 in Houston, PROS Revenue Management has a six-year compound= ed=20 revenue growth of 40%, in large part due to the intellectual capital of its= =20 staff. Nearly half of PROS=01, professional staff has advanced degrees and = the=20 staff speaks a cumulative total of 26 languages. The company is profitable= =20 with Year 2000 revenue of $29 million. For more information on PROS Revenue= =20 Management, please visit www.prosRM.com or call 713-335-5253. Contact: Candy Haase - VP Marketing 713-335-5253 chaase@prosRM.com If you no longer wish to receive information about PROS Revenue Management,= =20 please click on "Reply" and type "Unsubscribe" in the subject line.