Press Release

27_10_2008   TOREX TEAMS WITH IBM TO DELIVER INNOVATIVE SOLUTIONS FOR RETAIL

Announcing Torex Retail POS Validation on the IBM Retail Integration Framework

CHICAGO, ILLINOIS – October 27th, 2008 - Torex Retail Holdings Limited (Torex™), the leading European-based global provider of software and solutions to the extended retail marketplace, has successfully completed the Ready for IBM Retail Integration Framework validation of its Torex™ Retail POS (formerly Torex™ Retail-J-POS). The IBM Retail Integration Framework criteria leverages the power and flexibility of IBM software solutions and the open standards of organisations including Association for Retail Technology Standards (ARTS), Open Application Group Integration (OAGIS) and Global Standards (GS1) to unlock communications between services, information sources, and business processes, making the store and the retail enterprise one seamless landscape rather than disconnected islands.

The IBM Retail Integration Framework brings together platform-independent software vendors that deliver proven solutions designed and built for the retail industry. Through this initiative, IBM works with select IBM Business Partners to validate solutions that meet a rigorous assessment of next-generation, open-standards-based store environments.

Torex Retail POS is an integrated, network-centric suite of POS, store and central management applications designed to meet the needs of large national and multi-national retailers. Torex Retail POS uses Java to create a platform-independent, flexible solution that offers greater functionality and resilience to retailers. Torex Retail POS solutions enable retailers to build a strong foundation for their business, while providing significantly reduced total cost of ownership and increased efficiency.

In an increasingly competitive market, retailers today seek a more personal and qualitative experience. The combined experience of Torex and IBM within the retail market provides the ability to identify and define opportunities for retailers to maximise profitability, increase ROI and achieve competitive advantage through our solution capability. The global availability of the Torex Retail POS solution can bring benefits to retailers all around the world, including those that go cross-borders.

“We are very excited by the opportunity that achieving this validation brings to Torex. With the combined retail expertise of Torex and IBM this solution delivers a real competitive advantage for retailers. It also helps support our belief that the better the service our clients receive from us, the better the service their customers will receive from them,” comments Doug Hargrove, Chief Marketing Officer, Torex.