VantagePoint Systems, Inc. (TSX-Venture: VPG), a developer of business software for the paperboard printing and packaging industry today announced that MeadWestvaco`s Consumer Packaging Division has chosen to implement the VantagePoint Accelerate(TM) estimating software to optimize their operations.
The unlimited user software license is to be deployed in MeadWestvaco`s consumer packaging plants in both North America and Europe, and will integrate with the company`s corporate SAP system. The contract includes services and support for the initial pilot plant due for live operation in November 2005. Future services may be contracted once the pilot plant is operational.
About VantagePoint Systems, Inc.
VantagePoint develops and markets business software designed specifically for paperboard printing and packaging manufacturing companies. Since 1992, VantagePoint professionals have made packaging businesses worldwide more competitive by providing solutions that maximize plant and worker efficiency, increase customer satisfaction, and improve profitability. VantagePoint`s Business VantagePoint(TM) software operates in over 170 packaging plants throughout North America and internationally. Key customers include Georgia-Pacific Corporation, Menasha Packaging Company, Smurfit-Stone, Shorewood Packaging, Columbus Container Inc., Liberty Carton Company and other leading packaging manufacturers. VantagePoint trades on the TSX Venture Exchange under the symbol VPG. For more information, visit www.vpgroup.com.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.
(C) 2005 VantagePoint Systems, Inc., All rights reserved. VantagePoint
Accelerate and Business VantagePoint are trademarks of VantagePoint Systems, Inc.
Capitalization Report for Vantagepoint Systems Inc
Shares Issued: 14265400
Shares Escrow: 2969254
TSX Venture closing price for Vantagepoint Syst
Date: 2005/01/27
Closing Price: 0.380
CONTACT: Press Contacts:
Michael Rusch, VantagePoint Systems, Inc.,
(604) 685-4209 x252,
michael.rusch@vpgroup.com
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