92 lines
4.5 KiB
Plaintext
92 lines
4.5 KiB
Plaintext
Message-ID: <12237283.1075855478925.JavaMail.evans@thyme>
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Date: Thu, 2 Nov 2000 01:28:00 -0800 (PST)
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From: achrisco@prosrm.com
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To: fermis@ect.enron.com
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Subject: PROS Revenue Management Announces Record Third Quarter and
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Year-to-Date 2000
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PROS Revenue Management Announces Record Third Quarter and Year-to-Date 2000
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Major milestones, company records and client successes achieved
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October 30, 2000-Houston- PROS Revenue Management, the world's leader in
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revenue management science and software, and the pioneer and dominant
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provider of revenue management to the airline and energy industries, today
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announced that the third quarter of 2000 was the company's most successful
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yet, with record revenues and profits. Third quarter revenue for 2000 was a
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50% increase over the third quarter of 1999. Year-to-date revenue for 2000
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approximates the full year revenue for 1999. Additionally, the first nine
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months of 2000 were cash flow positive and enhanced PROS' strong balance
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sheet. This follows record annual revenues and profits for 1999.
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"During the third quarter of 2000 we achieved successful results in many key
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areas. Most important were science breakthroughs in network demand
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forecasting, scientific selection of inventory for e-commerce, and
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customer-centric revenue management. Another milestone was the production
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cutover of our first energy products," says Bert Winemiller, Chairman,
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President and CEO of PROS Revenue Management. "Our goal is to be the first
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mover in a major new category of revenue management and we have the talent
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and financial resources to achieve this goal. The third quarter of this year
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proved to be another landmark with record revenues, record profits and the
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launch of new products in the energy market."
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Major milestones of 2000 include:
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* The PROS 8th Annual Conference held in October was a huge success and is
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the largest revenue management conference in the world, with industry
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leaders, analysts and representatives from over 70 companies attending.
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* In the airline industry, PROS completed signed contracts with airline
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companies AirTran Airways, Avianca, Continental Airlines, China Southern
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Airlines, Gulfstream International, LanChile, Philippine Airlines, Swissair,
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Thai Airways and Virgin Atlantic.
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* Contracts were signed in the energy, rail, healthcare and broadcasting
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industries, including a major US gas pipeline company, German rail line
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Deutsche Bahn, one of the top ten pediatric hospitals in the world, and TV
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Azteca, one of Latin America's largest broadcasting companies.
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* PROS announced its first Application Service Provider (ASP) contracts for
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the healthcare and the energy industries.
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* PROS posted a record backlog as of September 30, 2000, and a record number
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of contracts signed in one year.
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* The PROS Advisory Board was formed in June, and consists of many industry
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leaders.
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* PROS announced a new e-commerce product, eCustomerRevenueManagement.
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* PROS' new Technical Services Group was formed, enhancing customer service.
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About PROS Revenue Management
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PROS Revenue Management provides system solutions to the airline, energy,
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cargo, rail, healthcare and broadcast industries, and has delivered over 180
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systems to more than 82 clients in 25 countries. Recent contracts with
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clients include AirTran Airways (AMEX: AAI), Continental (NYSE: CAL), China
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Southern Airlines (NYSE: ZNH), LanChile (SGO: LAN.SN), Swissair (SWX: SAG),
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Virgin Atlantic (NasdaqNM: VIRGY) and TV Azteca (NYSE: TZA).
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The PROS mission is to maximize the revenue of each client using PROS'
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world-leading revenue management science, systems solutions and best
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practices business consulting. PROS clients report annual incremental revenue
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increases of 2-8% as a result of revenue management. PROS solutions forecast
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demand, optimize inventory and provide dynamic pricing to maximize revenue.
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Founded in 1985 in Houston, PROS Revenue Management has a five-year
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compounded revenue growth of 40%, in large part due to the intellectual
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capital of its staff. Over fifty percent of PROS professional employees have
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advanced degrees and the staff speaks a total of 26 languages. For more
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information on PROS Revenue Management, please visit www.prosRM.com.
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Contact:
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Sean K. Thompson
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713-335-5813
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713-529-7037 - fax
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sthompson@prosRM.com
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