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NEWS & PRESS RELEASES


PRESS RELEASE - 03/06/06
Press Contact
Mike Nuzum
Lucernex Technologies
972-403-7100
 
LUCERNEX TECHNOLOGIES AND PREDCTION ANALYTICS, INC. ANNOUNCE
GLOBAL MULTI-YEAR DEVELOPMENT PARTNERSHIP

OPTIMIZED REAL ESTATE DEVELOPMENT THROUGH A FIRST-OF-ITS-KIND, INTELLIGENT ERP PLATFORM

Plano, TX — March 2006 — Lucernex Technologies and Prediction Analytics, Inc. (PAI) have announced the agreement to a multi-year global development partnership. Under the agreement, the two companies intend to integrate their respective technologies to create the first-of-its-kind “intelligent” real estate management ERP.

PAI, a subsidiary of Experian, owns and markets a variety of retail forecasting services most notably its Retail Performance Modeling (RPM) system. By integrating RPM into the highly-acclaimed Lucernex real estate ERP, the partnership can offer the only real estate lifecycle management tool on the market with integrated forecasting capabilities.

Beyond this initial offering, the partnership intends to leverage additional opportunities throughout the Experian family of data solutions, to provide increasing levels of intelligence, all managed seamlessly through the Lucernex ERP platform.

“Getting the right location and getting that location open on-time and under-budget is the ongoing challenge for the retail developer,” stated Mike Nuzum, Chairman and CEO of Lucernex Technologies, “so our ability to merge the best in retail forecasting with our successful management tool is truly a watershed breakthrough for the industry.”

Mark Winters, President of PAI added, “while there were plenty of companies we could have worked with, we chose Lucernex due to the intelligent and flexible nature of their software platform. Simply, we think Lucernex will help bring the best out of our forecasting products and ultimate provide the best solution for clients.”

Additionally, the companies have already begun the process to map out upstream data-intelligence opportunities that can be sequentially integrated into the ERP platform. These announcements are expected in the near future.

About Lucernex Technologies
Founded in 2000 Lucernex Technologies is a specialized software firm that develops web-centric information and process management applications. The Lucernex ERP, the Lucernex Technologies flagship product, is a robust platform including unique process and asset management tools that substantially decreases site and project costs and assists in early project delivery. As a single platform, Lucernex allows retailers the ability to rapidly identify, select, acquire, design, construct, open and manage new locations more efficiently and effectively. Key features include workflow, scheduling, budgeting and document management delivered in a highly collaborative, real time application.

About Prediction Analytics
Recently acquired by Experian, a global information solutions company, Prediction Analytics helps retail, restaurant and real estate professionals forecast sales of new locations and better understand how location factors influence store performance. Through Prediction’s software, research and consulting services, clients are able to improve store forecast accuracy, resulting in better retail location and market planning decisions, which ultimately results in improved return on capital. Since 1977, Prediction’s team members have served as trusted advisors for leading companies around the world, evaluating well over 100,000 retail and restaurant locations. In the process, they have developed a uniquely effective approach to the most pressing retail performance challenges.
www.predictioncompany.com

About Experian
Experian is a global leader in providing value-added information solutions to organizations and consumers. Experian provides information, analytics, decision-making solutions and processing services. Using its comprehensive understanding of individuals, markets and economies, it helps organizations to find, develop and manage customer relationships to make their businesses more profitable. Experian promotes greater financial health and opportunity among consumers by enabling them to understand, manage and protect their personal information, helping them control financial aspects of key life events and make the most advantageous financial decisions. Experian works with clients across diverse industries, including financial services, telecommunications, health care, insurance, retail and catalog, automotive, manufacturing, leisure, utilities, e-commerce, property and government. A subsidiary of GUS plc with headquarters in Nottingham, UK, and Costa Mesa, Calif., Experian employs more than 12,500 people in 28 countries worldwide who support over 50,000 clients in more than 60 countries. Annual sales are in excess of $3.0 billion.
www.experiangroup.com


 

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