Tier Reit Inc. (NYSE:TIER)
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All vendors interested in working with Nassau County may
now register and solicit bids electronically through the county's new
eProcurement system. Nassau is a county of 1.3 million residents with
a $2.4 billion budget, located on Long Island, NY.
This eProcurement system, developed and implemented by Tier
Technologies (Nasdaq:TIER), automates Nassau County's traditionally
paper-based procurement process through the use of modern Internet
technology. Following online registration and certification, vendors
may now participate in an online bid solicitation process. Nassau
County maintains a public online bid solicitation board where it posts
information about county Invitations to Bid and Requests for Proposals
(RFP), and where all vendors may view, download and respond
electronically to solicitations. Additionally, vendors may indicate
the types of commodities or services they provide and opt for
electronic notification of any bids specifically related to their
commodities or services.
"Nassau County's more than 20,000 vendors, from the smallest to
the largest, now have access to all county bids on a real-time, 24/7
basis through our new electronic marketplace," said Nassau County
Executive Thomas R. Suozzi.
The system is now available for vendor registration at
http://eproc.nassaucountyny.gov/ or on the County's homepage under
"eServices for Business."
"It gives us great pleasure to work with Nassau County, a county
with a strong track record of embracing technology change for the
benefit of its constituents, in implementing this leading-edge
eProcurement solution," said James R. Weaver, Tier's Chairman and
Chief Executive Officer. "This implementation is a testimony to Tier's
commitment to delivering and supporting the best public sector
eProcurement solutions to government agencies that are leveraging the
Internet to significantly improve the way they buy products and
services."
Nassau County's eProcurement system is based on Tier's WebProcure,
a fully integrated web-based procurement solution specifically
designed for public sector agencies. WebProcure enhances the
relationship between suppliers and public sector buyers by
streamlining the bid/quote process, automating order management, and
improving communication about government business opportunities.
WebProcure provides complete requisition and purchase order tools,
powerful workflow management and electronic approvals, online bidding
and quotation processing, industry standard eCatalog support, and
proven tools that provide safe and secure financial system
integration.
Tier offers a full range of integrated financial management
solutions, including mainframe, client/server and web based solutions
that meet the complex financial management challenges of its public
sector clients.
About Tier
Tier is a leading provider of transaction processing and packaged
software and systems integration services for public sector clients.
We combine our understanding of enterprise-wide systems with domain
knowledge enabling our clients to rapidly channel emerging
technologies into their operations. We focus on sectors that we
believe are driven by forces that make demand for our services less
discretionary and are likely to provide us with recurring long-term
revenue streams. More information about the Company is available at
www.Tier.com.
Statements made in this press release that are not historical
facts, including statements regarding expectations for future
revenues, earnings, and expenses, are forward-looking statements that
are made pursuant to the safe harbor provisions of the Securities
Litigation Reform Act of 1995. Tier undertakes no obligation to update
any such forward-looking statements.
Each of these statements is made as of the date hereof based only
on current information and expectations that are inherently subject to
change and involve a number of risks and uncertainties. Actual events
or results may differ materially from those projected in any of such
statements due to various factors, including but not limited to the
potential loss of funding by clients, including due to government
budget shortfalls or revisions to mandated statutes; failure to
achieve anticipated gross margin levels with respect to individual
projects, including due to unanticipated costs incurred in fixed-price
or transaction-based projects; the timing, initiation, completion,
renewal, extension or early termination of client projects; the
Company's ability to realize revenues from its business development
opportunities and achieve cost savings from its restructuring
activities; and unanticipated claims as a result of project
performance, including due to the failure of software providers or
subcontractors to satisfactorily complete engagements.
For a discussion of these and other factors which may cause our
actual events or results to differ from those projected, please refer
to the Company's annual report on Form 10-K for the year ended Sept.
30, 2004, our most recent quarterly report on Form 10-Q for the
quarter ended June 30, 2005, as well as other filings with the SEC.