RMG Begins Rollout of Supply Chain Solution for $100B+ Retailer
11 April 2017 - 10:00PM
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.
About RMG
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
Hayden IR
Brett Maas/Rob Fink
646-536-7331/646-415-8972
rmg@haydenir.com
Media Contact:
Gloria Lee
972-744-3958
gloria.lee@rmgnetworks.com
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