Torex Retail, an international market leader in the provision of innovative retail IT systems, is pleased to announce that it has entered into an agreement to acquire Retail-J Limited ('Retail-J'), a provider of electronic point of sale ('EPoS') software products.

Key initiators for the acquisition include:

• Since Retail-J was launched in May 2002, 28 UK retailers have deployed or are implementing its software:  representing over 3,200 stores and 13,500 EPoS terminals with a further 19,000 EPoS and 2,400 stores undergoing implementation.
   
• Major blue chip retail customers include Selfridges, B&Q, French Connection UK, Bhs, Specsavers, Monsoon, Harrods, TieRack and Vodafone.
   
• The acquisition meets with Torex Retail's stated strategy of building a leading global supplier of retail systems through strategic acquisitions and organic growth.
   
• Retail-J's products are highly complementary to Torex Retail's product suite

'The acquisition of Retail-J brings together what we believe to be the best EPoS and store system for the UK and international market, with the substantial resources, reach and capabilities of Torex Retail.  We intend to leverage the Retail-J Java Centre of Excellence emphasising the Group's commitment to research and development, which will see continued investment in the Retail-J product suite and related applications, while offering our customers a range of innovative new products.

Retail-J's products are complementary to Torex Retail's product suite which have been implemented in numerous countries throughout Europe, the Far East and in North America.

In addition, Torex Retail is delighted to welcome the Retail-J team.  We now have a world class product portfolio spanning general retail, food, petroleum & convenience and hospitality.'

Managing Director Retail-J - Tony Hammond said:

'We are very excited to become part of the Torex Retail Group.  Retail-J has proven itself to be a provider of truly flexible store systems, acquiring 28 major UK customers in the last 4 years.  We are determined that this will continue and with the global presence of Torex Retail behind us, we can now take our products in to many new territories and sectors.'

About Retail-J
Retail-J was formed in 2000 by a team of leading retail systems architects to develop a modern, integrated and network-centric suite of in-store and central applications for medium and large-size retailers. Using the Java 2 Enterprise Edition open platform and standards, the Retail-J system offers true on-line retailing, greater functionality and resilience, giving retailers lower cost of ownership, flexibility and choice. Retail-J software is distributed in the UK, Europe and North America through a network of specialised dealers. For more information about Retail-J, readers can visit the company’s web site at www.Retail-J.com.

Interviews, photography and further information are available from Tony Hammond.

Retail-J
Tel: 01992 538074
tony.hammond@Retail-J.com

To find out more about Torex Retail visit www.torexretail.com

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