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ERS Bnp Euro

73.50
0.00 (0.00%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Bnp Euro LSE:ERS London Ordinary Share GB00B12GMC87 RED PREF SHS NPV
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 73.50 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 73.50 GBX

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Date Time Title Posts
03/4/200116:11Electronic Retailing Systems, interesting developments1

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Posted at 19/2/2001 16:56 by kiwimonk
I think they now have 33% (with options up to 66% ? ) of new Check which is the holding company for PSI INC which develop Automated self checkout machines for supermarkets.
ERS manage the Operation.

Now on Friday they announced that a further $750,000 bridging loan was going New Check's way and also that PSI had won another large order for 60 Systems to Giant Supermarkets, this ontop of the numerous other orders last year.

The last multi million dollar order was announced in October.

Now this stake in New Check must surely be worth more than the whole of ERS's £7m mk cap.?

BUT ERS announced they would run out of cash in Q2 if they did not find other sources of long term financing. So this has prevented me from buying more.

Interstingly, the shareprice hasn't really moved apart from loosing 1p on friday, and so maybe the market is confident that ERS will find financing as the PSI business is really bringing in the orders, and as Techinvest said, This could totally transform ERS' outlook.

Who knows, its way risky this one, and i am tempted to sell my holding, but will hold for the moment, as looking at the situation as a whole, ironically, in a sense ERS have never been in a stronger position thanks to New Check yet ERS themselves are looking precarious to say the least as they have stated that they will run out of cash in Q2 2001, not long.
Would be interested to know if anyone else is keeping an eye on this one?

DYOR and absolutely NO ADVICE

Monk
Posted at 27/10/2000 11:51 by romeo
Automated Self Checkout Systems from Productivity Solutions, Inc. - PSI -

JACKSONVILLE, Fla.--(BUSINESS WIRE)--Oct. 23, 2000--
A&P Places Multi-million Dollar Order to Upgrade Their Current Self Checkout Solution

Productivity Solutions, Inc. (PSI) announced today that it received a 40-store upgrade order for its total payment self checkout product from The Great Atlantic & Pacific Tea Company, Inc. (A&P, NYSE: GAP), to be installed by April 2001. This order is in addition to the five new or remodeled stores that will be installing the ACM Total Payment Systems that was previously announced. This
enhanced self-checkout system allows shoppers to scan any size order and, without the need for a cashier, pay with cash, credit cards or debit cards using a device similar to an ATM machine.

"Based on the great success of our pilots in our Super Fresh Baltimore and A&P New Jersey Divisions, we are expanding and accelerating our commitment to the next generation of PSI's self checkout solution," said Eric Dorne, Director Retail Support Services, A&P Corporate Offices, Montvale, NJ. "Customer acceptance to the ACM's ability to process any size order and now pay right at the lane has been tremendous. We believe that the new ACM Total Payment System provides the best self checkout system for our customers."

"This order demonstrates A&P's commitment to continue to make strategic capital investments to provide better customer service and create a competitive advantage," said Bruce Failing, CEO of PSI. "This order, coming only 45 days after the initial installation of the ACM Total Payment System, signifies the ease in quantifying the quick ROI the system brings to retailers."

About ACM(R) Automated Checkout Machine: ACM is a self-checkout system for any size order for any shopper. Comprised of user-friendly, shopper-operated checkout lanes, the ACM system closely resembles conventional checkout lanes. Shoppers scan their items at an ACM lane, then use cash, credit or debit cards at the lane or any other form of payment at a centrally located pay station. Easy to use, the system is equipped with both touch screen and voice synthesized assistance. Patented ACM security features check each item's characteristics against the system's security database to provide the highest level of security. Because the ACM is fully integrated with the store's point-of-sale
(POS) system, it allows real-time price and description verification as the shopper scans.

Founded in 1859, A&P was one of the nation's first supermarket chains, and is today one of North America's 10 largest. The Company operates in 17 states, the District of Columbia, and Ontario, Canada under the following trade names: A&P, Waldbaum's, Food Emporium, Super Foodmart, Super Fresh, Farmer Jack, Kohl's, Sav-A-Center, Dominion, The Barn Markets, Food Basics and Ultra Food &
Drug.

Productivity Solutions, Inc. is a leading manufacturer and distributor of automated self-checkout solutions in the US. Headquartered in Jacksonville, Florida, the company provides retailers with industry-leading software and systems designed specifically to enhance productivity while improving
customer service. PSI, a private company, is backed by venture capital partners including Canaan Partners, GE Capital and Electronic Retailing Systems International, Inc. ("ERS") (OTC BB:ERSI). In addition, PSI and ERS have entered into a five-year management agreement for ERS to manage PSI's operations.

Note: A Photo is available at URL:

CONTACT: Productivity Solutions, Inc.
Norman Tsang, 904/928-1399
or
The Great Atlantic & Pacific Tea Company
Rick DeSanta, 201/571-4495
Posted at 22/8/2000 15:15 by pitbull
Looks like the systems are starting to get some take-up as expected now Y2K is finished. I believe there was talk of US sAfeways trialing various products as well.

Monday August 21, 1:46 pm Eastern Time
Press Release
SOURCE: Weis Markets, Inc.
Weis Markets to Roll Out ACM Self-Checkout Systems
SUNBURY, Pa., Aug. 21 /PRNewswire/ -- Weis Markets today said it has completed the installation of ACM self-checkout stations in 15 of its stores and that it plans to install these systems in approximately 50 of its stores over the next year and a half.

Productivity Solutions Inc. (PSI) produces the ACM (Automated Checkout Machine) Self-Checkout System. In January, Weis Markets began testing the systems in a handful of its stores.

``We are pleased with the results of our self-checkout test run,'' said Weis Markets President Norman S. Rich. ``The systems met two critical criterion: customer acceptance and reliability. Our self-scan systems have helped us open more lanes and reduce lines at the front-end.''

Mr. Rich noted that the self-scan systems are not designed to replace store employees but rather to help improve overall store productivity. He said the Company would continue to operate checkouts with cashiers in the 50 stores with Self-Scan and added that the Company was currently recruiting employees chain wide.

``Weis Markets has been at the forefront of this cutting-edge technology. Self-Scan Checkouts help maximize productivity of its personnel and offer better service to its customers,'' said Bruce F. Failing, CEO of PSI. ``The deployment of systems across varied demographic markets in Pennsylvania, New Jersey, and Maryland in addition our installations in 22 states with other leading retailers indicate that ACM Self-Checkout can be successful in any market area.''

The ACM (Automated Checkout Machine) is a self-checkout system for any size order for any shopper. Comprised of user-friendly, shopper operated checkout lanes, the ACM closely resembles conventional checkout lanes. Easy to use, the system is equipped with both touch screen and voice synthesized assistance. Patented ACM security features check each item's characteristics against the system's security database to provide the highest level of security. Because the ACM is fully integrated with the store's point of sale (POS) system, it allows real-time price and description verification as the shopper scans.

Founded in 1912, Weis Markets (NYSE: WMK - news) operates 166 stores in six states: Pennsylvania, Maryland, New Jersey, New York, Virginia and West Virginia.

Productivity Solutions Inc. (PSI) is a leading manufacturer and distributor of self-service checkout solutions in the United States. Headquartered in Jacksonville, Florida, the Company provides retailers with industry-leading software and systems designed specifically to enhance productivity while improving customer service. PSI, a private company, is backed by venture capital partners including Canaan Partners, GE Capital and Electronic Retailing Systems International (``ERS'') (OTC Bulletin Board: ERSI - news). In addition, PSI and ERS have entered into a five-year management agreement for ERS to manage PSI's operations.

SOURCE: Weis Markets, Inc.

PitBull
Posted at 11/8/2000 15:21 by romeo
Up again today, now reaching approximate parity with the New York price.

I topped up at 43p a week or so ago, hoping these will finally start to motor.
Posted at 10/8/2000 18:20 by pitbull
Very odd behaviour today ERS up 20%+ on a 2K buy, whilst the US stock was down 7%, maybe someone switching from US to UK stock.

PitBull
Posted at 08/8/2000 18:31 by romeo
Tuesday August 8, 11:00 am Eastern Time

Press Release

Electronic Retailing Systems International,
Inc. Reports Second Quarter Revenues
Increase 58%

Company Strengthens Balance Sheet, Improves Operational Efficiencies

NORWALK, Conn.--(BUSINESS WIRE)--Aug. 8, 2000--Electronic Retailing Systems International, Inc. (``ERS'') (OTC BB:ERSI - news) today reported financial results for the quarter ended June 30, 2000.

Total revenues for the quarter were $1,563,000 compared to $910,000 reported for the corresponding 1999 quarter, an increase of 58%. For the first six months of 2000, total revenues were $2,587,000 compared to $1,708,000 for the same six month period in 1999, an increase of 66%. For the quarter, the net loss was $5,388,000 or $.25 per share, as compared to a net loss of $8,534,000 or $.40 per share for the same period in 1999. Net gain for the first six months was
$7,688,000 compared to a net loss of $17,307,000 for the same period in 1999. The net gain reflects an extraordinary gain of $18,959,000 in the first quarter 2000 resulting from the retirement of debt.

``We accomplished a number of important financial objectives over the past several months to strengthen the company for the future. We've completed retirement of $147.3 million principal amount at maturity of our debt and substantially lowered our overhead while continuing to invest in R&D to enhance the ShelfNet system,'' said Bruce F. Failing, Jr., Chief Executive Officer of ERS. ``ShelfNet is a proven, robust product, and our existing customers, Stop & Shop and Shaw's in particular, continue to select our system for new stores and existing stores that currently operate competitive products.''

ERS recently completed an eight-month effort to reduce the company's debt, resulting in a dramatically stronger balance sheet. Between November 1999 and July 6, 2000, ERS retired 100% of its outstanding 13 1/4% Senior Discount Notes
for an aggregate of approximately $25.6 million in cash, and issued $5 million principal amount of 10% notes due in 2001 and $5 million principal amount of 8% notes due in 2004, together with $4 million liquidation value of preferred stock,
for its Senior Discount Notes.

In February 2000, to generate economies of scale in SG&A and to take advantage of the rapidly developing opportunity in the self checkout market, ERS acquired an interest in and entered into an agreement to manage NewCheck Corporation, of
Jacksonville, Florida, which is doing business under the name of Productivity Solutions, Inc. (``PSI''), in exchange for payments aggregating $6.5 million. PSI is one of the leading suppliers of self checkout retailing systems.

``The investment in PSI positions ERS to take advantage of the current demand for self checkout systems in supermarkets and mass merchandise retailers. We will continue to invest in both self checkout and ESLs as they give us two
complementary products that leverage our sales and marketing efforts and provides enhanced penetration in our core customer base,'' ended Failing.

ERS is a leading developer and supplier of electronic shelf labeling systems designed to improve retailer profitability. The ERS ShelfNet system is designed to assist retailers in cost savings and pricing accuracy by using a wireless network to link a store's central computer both to its checkout scanner and to the ESLs that display pricing information at the shelf edge. With ShelfNet, this pricing information is updated automatically on the ESLs when prices in the point-of-sale (POS) scanner are changed. This provides price integrity between the shelf edge and the POS scanners. ShelfNet uses spread spectrum RF technology, which is the most widely used method of wireless communication in retail today. In addition, ShelfNet uses a suite of patented software applications designed to communicate merchandising, inventory and other information to and from store personnel in the aisle. These applications are designed to provide value-added benefits to retailers in the areas of shelf-edge merchandising, replenishment control, strategic pricing and shelf set compliance.

This press release contains forward-looking statements that involve risks and uncertainties. ERS' actual results may vary from those anticipated due to a number of factors, including, without limitation, the timely availability and acceptance of new products, the rate of development of the emerging market for electronic shelf label systems, the impact of competitive products and pricing, the ability to obtain system components from suppliers, the management of growth, and other factors set forth in reports and other documents filed by ERS with the Securities and Exchange Commission from time to time.

Electronic Retailing Systems International, Inc.
Condensed Consolidated Statement of Operations
(in thousands, except per share amounts)
(unaudited)

Three Months Ended Six Months Ended
June 30, June 30,
2000 1999 2000 1999
-------- -------- -------- --------

Revenues

Product sales $ 1,293 $ 671 $ 2,029 $ 1,308
Maintenance 270 239 558 400
-------- -------- -------- --------
Total revenues 1,563 910 2,587 1,708
-------- -------- -------- --------

Cost of goods sold 1,362 1,315 2,329 2,774
-------- -------- -------- --------

Gross profit (loss) 201 (405) 258 (1,066)
-------- -------- -------- --------

Operating expenses

Selling, general and
administrative 1,557 2,593 3,521 5,582
Research and
development 1,107 1,447 2,211 2,586
Depreciation and
amortization 78 99 166 195
-------- -------- -------- --------
Total operating
expenses 2,742 4,139 5,898 8,363
-------- -------- -------- --------

Loss from operations (2,541) (4,544) (5,640) (9,429)
-------- -------- -------- --------

Other income (expenses)

Interest income 438 703 919 1,416
Interest expense (2,756) (4,689) (5,481) (9,282)
Loss on equity
investment (530) (1,067)
Gain/(Loss) on
disposals 1 (4) (2) (12)
-------- -------- -------- --------
Total other expenses (2,847) (3,990) (5,631) (7,878)
-------- -------- -------- --------

Loss before extraordinary
gain on extinguishment
of debt (5,388) (8,534) (11,271) (17,307)

Extraordinary item

Gain on extinguishment
of debt -- 18,959

Net gain (loss) $ (5,388) $ (8,534) $ 7,688 $(17,307)
======== ======== ======== ========

Earnings per common share

Weighted average common
shares outstanding 21,288 21,252 21,288 21,251
======== ======== ======== ========

Basic gain (loss) per
common share $ (0.25) $ (0.40) $ 0.36 $ (0.81)
======== ======== ======== ========


Electronic Retailing Systems International, Inc.
Condensed Consolidated Balance Sheet
(in thousands)
(unaudited)

June 30, December 31,
-------- --------
2000 1999
-------- --------
Assets

Current assets

Cash and cash equivalents $ 21,047 $ 37,386
Other current assets 6,572 6,841
-------- --------
Total current assets 27,619 44,227

Equipment, net 1,988 2,515

Other non-current assets 7,302 2,774
-------- --------

Total assets $ 36,909 $ 49,516
======== ========


Liabilities and Stockholders' Deficit

Current liabilities $ 6,172 $ 3,062

Long-term debt 74,803 98,207

Common stock purchase warrants 5,100 5,100

Stockholders' deficit (49,166) (56,853)
-------- --------

Total liabilities and stockholders' deficit $ 36,909 $ 49,516
======== ========


Contact:

Electronic Retailing Systems International, Inc.
Bruce F. Failing, Jr., CEO,
Jerry McAuliffe, CFO,
203/849-2500

-ENDS-
Posted at 28/7/2000 20:23 by romeo
I topped up my holding today when I saw the price start to tick upward. Currently these are trading up 43% on the day in the U.S., but there is no news on the wires. Perhaps someone has gotten wind of a contract announcement. Let's hope so.

Cheers
Romeo
Posted at 07/7/2000 10:59 by pitbull
Hmmm this is very interesting the following figures are my interpretation of a couple of announcements, market cap based on US share price which is 10-15% high than UK one:

Market Cap July 6th $14.6m

Cash at Bank end of last quarter $23m
Other current asssets $5.7m
Other assests $10m
Long term debt $75m

Cash after buying loan notes $10m
Other current asssets $5.7m
other assets $10m

Longterm debt $10m ( new loan notes issued above )

SO it would seem the company is valued at less than the cash and other assets before you take account of the product.

I wonder if the loan purchase leaked a bit in the States which caused the recent run up in the price over there?

UK stock looks the cheaper of the two at the moemnt.

PitBull
Posted at 06/7/2000 23:01 by romeo
Well, it looks like the company has finally sorted its debt and is now in a stronger position going forward. The shares seem worth a punt at these very depressed levels (43p to buy).


Today's announcement:

Date: 06 Jul 2000 16:24:07
Service: Regulatory News Service
RNS Number:4835N
Electronic Retailing Systems Intnl
6 July 2000


Electronic Retailing Systems International, Inc.
Completes Exchange of 13-1/4% Senior Discount Notes

Electronic Retailing Systems International, Inc. ("ERS"),
quoted on AIM and OTC in the US, announced that is has
completed the private exchange of $76,418,000 principal
amount at maturity of its 13-1/4% Senior Discount Notes due
February 1, 2004 (the "Old Notes") for an aggregate of
$13,755,240 in cash, approximately $5,000,000 principal
amount of 10% Guaranteed Secured Notes due August 1, 2001
issued by ERS (the "10% Notes"), approximately $5,000,000
principal amount of 8% Guaranteed Secured Notes due August
1, 2004 issued by ERS (the "8% Notes") and 39,985 shares of
ERS' newly-created Series A-1 Convertible Preferred Stock,
$100 per share liquidation value (the "Preferred Stock").

The notes submitted for exchange represent 100% of the
outstanding Old Notes. The 10% Notes and 8% Notes issued
will accrue interest at the stated rates, payable semi-
annually in additional notes of the same series, are
guaranteed by ERS' subsidiaries and are secured by the
assets of ERS and its subsidiaries.

Shares of Preferred Stock will not entitle the holder to
dividend or, except in limited circumstances, voting rights.
The Preferred Stock entitles the holder to a liquidation
preference in the stated amount and, subject to specified
exceptions, is subject to automatic conversion, in the event
ERS subsequently consummates certain equity transactions,
into the same securities offered in such transactions and at
the same price, payable by application of the liquidation
preference of the Preferred Stock.

The securities issued in the exchange have not been
registered under the Securities Act of 1933, as amended, and
may not be offered or sold absent registration or an
applicable exemption from the registration requirements of
said Act and applicable state securities laws.

For further information, please contact:

Electronic Retailing Systems International, Inc. 001 203 849 2500
Bruce F. Failing, Jr., CEO
Jerry McAuliffe, CFO

Ludgate Communications 020 7253 2252
Alex Brog


END
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