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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
March Networks | LSE:MNW | London | Ordinary Share | CA5662191017 | COM SHS NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 220.00 | 0.00 | 00:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Leading U.S. Convenience Store Company Selects March Networks Business Analysis Software and Services for Chain-wide Rollout OTTAWA, Dec. 10 /CNW Telbec/ - March Networks(TM) (TSX:MN; AIM:MNW), a leading provider of intelligent IP video and business analysis applications, today announced that Speedway SuperAmerica LLC has standardized on its retail business analytics solution for approximately 1,600 gasoline convenience stores. Speedway SuperAmerica LLC (SSA), a subsidiary of Marathon Oil Corporation (NYSE: MRO), is one of the nation's largest corporately-owned and operated chains of its kind. Following a successful pilot program in 200 stores, SSA selected the latest release of the March Networks LP Data Mining solution and expects to have the software deployed company-wide by the end of 2007. The LP Data Mining solution will enable SSA to reduce inventory shrinkage and improve overall store and associate performance. It includes fully customizable Point-Of-Sale transaction profiling, user-friendly investigation and reporting tools, and digital video integration. Key software features, such as drawer alarm alerts, prepaid fuel reports and voids by type, deliver further operational efficiencies. Intelligent data mining and exception reporting software are important elements of a retail loss prevention strategy to address the growing problem of inventory shrinkage, which annually costs U.S. retailers an estimated $42 billion. In addition to the software rollout, SSA also has selected March Networks' Professional Services to optimize software performance at all locations. The services include regular software diagnostics and updates managed remotely by March Networks specialists. "The fully automated transaction analysis capabilities offered by the LP Data Mining software significantly enhance our ability to identify and investigate fraudulent activity," said Mitch Hurst, SSA's manager, Security & Loss Management. "We expect that the combination of March Networks' software and expert professional services will help us considerably reduce inventory shrinkage once the deployment is complete." "March Networks has developed a broad portfolio of data mining and video management solutions that support more effective operational control across a variety of retail formats," said Peter Strom, President and CEO, March Networks. "We are pleased to add Speedway SuperAmerica to the growing list of major retailers that have chosen our industry-leading solutions for loss prevention and risk management." About March Networks March Networks(TM) (TSX:MN; AIM:MNW) is a leading provider of intelligent IP video and business analysis applications that enable organizations to reduce losses, mitigate risks and improve security and operational efficiency. The Company's advanced software suite includes enterprise-class video management, powerful analytics and comprehensive managed and professional services. Our software and systems are used by leading financial institutions, retailers, transportation authorities and other organizations in more than 50 countries. For more information, please visit www.marchnetworks.com. Forward-Looking Statements This release contains certain forward-looking information, including expectations of future business. This information is based on the Company's current expectations and assumptions that are subject to a variety of risks and uncertainties that are difficult to predict and that may be beyond March Networks' control. Actual results could differ materially from those expressed in any forward-looking statements due to factors such as customer demand and timing of purchasing decisions, increased levels of competition, technological changes and the successful development of new products, dependence on third-party manufacturers, risks relating to intellectual property infringement claims, and other risks and factors identified in March Networks' public filings with regulatory authorities in Canada. March Networks assumes no obligation to update these forward-looking statements as a result of new information or future events. (x)MARCH NETWORKS and the MARCH NETWORKS logo are trademarks of March Networks Corporation. All other trademarks are the property of their respective owners. For further information: Peter Wilenius, March Networks Corporation, (613) 591-8181, pwilenius(at)marchnetworks.com (MN.) END
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