RMG announces contract for second major Supply Chain customer rollout in 2017
DALLAS, April 11, 2017 (GLOBE NEWSWIRE) — RMG Networks Holding Corporation (NASDAQ:RMGN), or RMG, a global leader in technology-driven visual communications, recently converted the second of its Visual Supply Chain pilots into contracts for the next stage of what has the potential of being a major company-wide rollout in 2017 and beyond.
The customer, one of the world’s largest retailers, implemented a paid pilot in 2016 for RMG’s Visual Supply Chain solution in order to streamline its distribution center operations by improving internal communications and productivity. The success of the pilot has led to the beginning of the rollout-phase (post-pilot). The retailer executed contracts for approximately $200,000 to implement RMG’s Visual Supply Chain solution in two additional distribution centers within its network and is considering rolling out RMG’s solution to all distribution centers throughout its enterprise.
RMG’s success in contracting with this significant retailer is an indication that the value emanating from the RMG solution is now being realized by yet another major industry segment, providing further evidence of the potential scope / scale of the long-term business opportunity for RMG.
“The application possibilities of our supply chain solution are extensive, as we are continuing to see its viability in new industries and hone our expertise in industries in which we already have extensive experience,” said Robert Michelson, Chief Executive Officer and President of RMG. “This is why powerful, expansive companies, such as this major retailer, trust our solutions to help increase productivity and, ultimately, support growth in profits.”
RMG successfully integrates real-time supply chain solutions to provide companies of virtually any size and industry with game-changing technology that delivers real-time data — improving efficiency, performance and employee engagement.
RMG (NASDAQ:RMGN) goes beyond traditional communications to help businesses increase productivity, efficiency and engagement through digital messaging. By combining best-in-class software, hardware, business applications and services, RMG offers a single point of accountability for integrated data visualization and real-time performance management. The company is headquartered in Dallas, Texas, with additional offices in the United States, United Kingdom and the United Arab Emirates. For more information, visit www.rmgnetworks.com.
Cautionary Note Regarding Forward-Looking Statements
Except for historical information contained herein, the matters set forth in this release are “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as: “develop,” “position,” “anticipate,” “intend,” “plan,” “goal,” “seek,” “believe,” “project,” “estimate,” “expect,” “strategy,” “future,” “likely,” “may,” “should,” “will” and similar references to future periods. Examples of forward-looking statements include, among others, statements we make regarding our success in selling and implementing projects such as the described above, the customer’s potential to implement RMG solutions at other sites, expected future operating results, such as generating product revenue therefrom, developing new technology or solutions, our ability to win new customers and our ability to appeal to new market segments. The forward-looking statements set forth above involve a number of risks and uncertainties that could cause actual results to differ materially from any such statement, including the risks and uncertainties discussed in the company’s Safe Harbor Compliance Statement for Forward-Looking Statements included in the company’s recent filings, including Forms 10-K and 10-Q, with the Securities and Exchange Commission. The forward-looking statements speak only as of the date made, and the company undertakes no obligation to update these forward-looking statements.
Investor Relations Contact:
Brett Maas/Rob Fink
© 2017 RMG Networks Holding Corporation. RMG, RMG Networks are trademarks and/or service marks of RMG Networks Holding Corporation