Plex Systems Announces Record First Quarter Results

Company Closes Q1 2009 with Record Revenue Growth and Eight New Customers

AUBURN HILLS, Mich., April 23 /PRNewswire/ -- Plex Systems, Inc., provider of Plex Online ERP manufacturing software, today announced that it achieved record results in the quarter ended March 31, 2009. The company's revenue during this quarter increased 25 percent over first quarter 2008; this increase comes on the heels of 33 percent year-over-year revenue growth in 2008 - despite the year-long downturn in manufacturing, the company's core market. (Note that as a private company, Plex Systems does not publish detailed financial information.)

"Manufacturers across all industries are painfully aware that they cannot continue with 'business as usual', and so they are seeking out new solutions to reduce costs, improve quality, and drive new revenue," said Mark Symonds, Plex Systems president and CEO.

"Manufacturers have realized that they cannot allow obsolete technology to paralyze their businesses. So even during this downturn, many are investing in enterprise software that has a proven return on investment," said Symonds. "Plex Online's combination of a powerful feature set for manufacturers, software as a service (SaaS) delivery model, and subscription pricing is the perfect solution to deliver benefits faster than legacy software deployments, while allowing companies to preserve their cash and credit capacity during difficult times."

The first quarter revenue growth includes additional business from existing customers as well as the addition of eight new customers:

  • Q4 Industries - Nevada-based ambient beverage manufacturer specializing in aseptic processing, with products such as non-carbonated juices, drinks and private-label wine packaging.
  • Mariah Power - Reno, Nevada-based wind technology corporation; a manufacturer of Windspire(R), low cost, attractive, affordable wind power appliances.
  • DieTronik - Precision tool & die manufacturer based in Auburn Hills, Michigan.
  • Michigan-based manufacturer of high-quality fruit harvesters.
  • California-based electric vehicle manufacturer.
  • Multi-state manufacturer of mailing and document management materials.
  • Auto parts supplier with facilities in North America and Mexico.
  • Michigan-based steel processor.

About Plex Systems, Inc.

Plex Systems, Inc. is the developer of Plex Online, a software as a service (SaaS) solution for the manufacturing enterprise. Plex Online offers industry-leading features for virtually every department within a manufacturer, including Manufacturing Execution Systems (MES) and Quality Management Systems (QMS) for the shop floor, Customer Relationship Management (CRM) for sales and marketing, Supply Chain Management (SCM) for procurement, and Enterprise Resource Planning (ERP) for finance and management. Plex Online's fully-integrated model delivers a "shop floor to top floor" view of a manufacturer's operations, enabling management to run their business at maximum efficiency. Founded in 1995, Plex Systems is headquartered in Auburn Hills, Michigan, with customers around the globe. More information is online at www.plex.com.

Plex Systems and Plex Online are trademarks of Plex Systems, Inc.

SOURCE Plex Systems, Inc.



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