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Canada Colors and Chemicals Limited to Implement Acorn Systems Profit Optimization Software Enterprise-WideSoftware Provides New Visibility to Transaction Level Costs, Cost Recovery Assumptions and Drop Ship ProfitabilityDon Mills, Ontario and Houston — March 21, 2003 — Canada Colors and Chemicals Limited, Canada’s largest independent chemical distributor, today announced that it will implement Acorn Systems Profit Analyzer™ software on an enterprise basis in order to identify opportunities to increase its profitability and revenue while maintaining the company’s superior product selection and customer service. Acorn Systems Profit Analyzer will enable Canada Colors and Chemicals to gain increased accuracy, more actionable information and greater accessibility to its profit and loss information. Acorn's software can optimize the profitability of any customer, supplier, product or order dynamically or on an ongoing basis. Canada Colors and Chemicals can use this new visibility into transaction level net operating profits and profit drivers to identify and expand best practices, negotiate for "win-win" profitability increases with customers and suppliers, optimize incoming orders, identify and grow the most profitable products and customers, and empower employees to drive profitability. "We selected Acorn Systems Profit Analysis and Improvement software due to its rapid implementation time, powerful and flexible reporting and ability to drive all costs to the net transaction level," said Bernard West, President of Canada Colors. "Acorn Systems has provided us with new visibility into our cost recovery drivers, the profitability of our production items and the profitability of direct shipments. We expect to significantly increase our profits through Acorn Software. We will use the software to identify sustainable opportunities to grow the most profitable portion of our business and to increase the profitability of every segment of our business." Acorn Systems solution does not need the regular manual updating required by Activity Based Costing systems, so it will deliver actionable data on demand without end-of-the-period delay and it is less expensive and less resource intensive for Canada Colors and Chemicals to maintain. With Acorn Systems Profit Analyzer, Canada Colors and Chemicals will have rules-based enterprise-wide access to costing data without delay, so profit and loss information is available to the employees who can most benefit from it, when and where they need this information. Canada Colors and Chemicals P&L and sales executives will be able to use Acorn Systems Profit Analyzer Activity Based Costing Software to view the accurate costing information of each customer, supplier and product down to the individual line item level of each order. About Canada Colors and Chemicals About Acorn Systems, Inc.
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