Message-ID: <5099616.1075855476519.JavaMail.evans@thyme> Date: Thu, 2 Nov 2000 01:28:00 -0800 (PST) From: achrisco@prosrm.com To: fermis@ect.enron.com Subject: PROS Revenue Management Announces Record Third Quarter and Year-to-Date 2000 Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: achrisco@prosrm.com X-To: fermis@ect.enron.com X-cc: X-bcc: X-Folder: \Frank_Ermis_Dec2000\Notes Folders\All documents X-Origin: Ermis-F X-FileName: fermis.nsf PROS Revenue Management Announces Record Third Quarter and Year-to-Date 2000 Major milestones, company records and client successes achieved October 30, 2000-Houston- PROS Revenue Management, the world's leader in revenue management science and software, and the pioneer and dominant provider of revenue management to the airline and energy industries, today announced that the third quarter of 2000 was the company's most successful yet, with record revenues and profits. Third quarter revenue for 2000 was a 50% increase over the third quarter of 1999. Year-to-date revenue for 2000 approximates the full year revenue for 1999. Additionally, the first nine months of 2000 were cash flow positive and enhanced PROS' strong balance sheet. This follows record annual revenues and profits for 1999. "During the third quarter of 2000 we achieved successful results in many key areas. Most important were science breakthroughs in network demand forecasting, scientific selection of inventory for e-commerce, and customer-centric revenue management. Another milestone was the production cutover of our first energy products," says Bert Winemiller, Chairman, President and CEO of PROS Revenue Management. "Our goal is to be the first mover in a major new category of revenue management and we have the talent and financial resources to achieve this goal. The third quarter of this year proved to be another landmark with record revenues, record profits and the launch of new products in the energy market." Major milestones of 2000 include: * The PROS 8th Annual Conference held in October was a huge success and is the largest revenue management conference in the world, with industry leaders, analysts and representatives from over 70 companies attending. * In the airline industry, PROS completed signed contracts with airline companies AirTran Airways, Avianca, Continental Airlines, China Southern Airlines, Gulfstream International, LanChile, Philippine Airlines, Swissair, Thai Airways and Virgin Atlantic. * Contracts were signed in the energy, rail, healthcare and broadcasting industries, including a major US gas pipeline company, German rail line Deutsche Bahn, one of the top ten pediatric hospitals in the world, and TV Azteca, one of Latin America's largest broadcasting companies. * PROS announced its first Application Service Provider (ASP) contracts for the healthcare and the energy industries. * PROS posted a record backlog as of September 30, 2000, and a record number of contracts signed in one year. * The PROS Advisory Board was formed in June, and consists of many industry leaders. * PROS announced a new e-commerce product, eCustomerRevenueManagement. * PROS' new Technical Services Group was formed, enhancing customer service. About PROS Revenue Management PROS Revenue Management provides system solutions to the airline, energy, cargo, rail, healthcare and broadcast industries, and has delivered over 180 systems to more than 82 clients in 25 countries. Recent contracts with clients include AirTran Airways (AMEX: AAI), Continental (NYSE: CAL), China Southern Airlines (NYSE: ZNH), LanChile (SGO: LAN.SN), Swissair (SWX: SAG), Virgin Atlantic (NasdaqNM: VIRGY) and TV Azteca (NYSE: TZA). The PROS mission is to maximize the revenue of each client using PROS' world-leading revenue management science, systems solutions and best practices business consulting. PROS clients report annual incremental revenue increases of 2-8% as a result of revenue management. PROS solutions forecast demand, optimize inventory and provide dynamic pricing to maximize revenue. Founded in 1985 in Houston, PROS Revenue Management has a five-year compounded revenue growth of 40%, in large part due to the intellectual capital of its staff. Over fifty percent of PROS professional employees have advanced degrees and the staff speaks a total of 26 languages. For more information on PROS Revenue Management, please visit www.prosRM.com. Contact: Sean K. Thompson 713-335-5813 713-529-7037 - fax sthompson@prosRM.com