Press Release

10_04_2008   TOREX STRENGTHENS OPERATIONS IN IRELAND

Appoints new management and emphasises commitment to local customer base

DUNSTABLE, UK – 10th April 2008 – Torex Retail Holdings Limited (Torex™), the leading European-based global provider of software and solutions to the extended retail marketplace, today announced strengthened operations in Ireland with a senior appointment and a commitment to further invest in the region and respond to customer demands.  At the same time the company stated that it would broaden the product portfolio available to the Irish market, introducing proven solutions in the areas of point of service (POS) and human capital management.

Fin O’Driscoll has been appointed Managing Director Torex Ireland with responsibility for managing and growing the Torex business in the Republic of Ireland and Northern Ireland. O’Driscoll brings with him more than 12 years experience in the software industry in Ireland including positions as Managing Director at Wincor Nixdorf Ireland and Sage Software Ireland.

The focus in Ireland will be on improving customer service levels, building market share throughout the region, and introducing a wider set of Torex solutions to this marketplace. As a first step in the company’s transformation in Ireland, Torex will be moving into new headquarters in Dublin providing improved facilities for customer training and support.

“We’d like to assure our customers in Ireland that their investment in Torex products provides them with a long term solution. We are committed to meeting customer needs both now and in the future, either by developing our own solutions or acquiring products to complement our portfolio. Our intention is to offer end-to-end solutions that deliver more value across multiple sectors and help to enhance and define customer experiences,” said Graeme Cooksley, President and COO, Torex.

Fin O’Driscoll said: “Torex has the opportunity to develop a stronger business in Ireland. Moving forward customers can expect us to communicate openly and work collaboratively with them. In addition, we will be introducing more of our established solutions to the Irish market increasing choice for our customers and helping them to build an agile business that can respond to changing customer demands.”

Torex has made a pledge to its customers that all global, regional and specialist products will continue to be supported and the company will collaborate with them to further develop solutions that meet their business needs. Torex will deliver end-to-end solutions capability based on a solid POS backbone and a Service Oriented Architecture (SOA) framework, providing retailers with a flexible infrastructure that will deliver enhanced functionality for increased customer satisfaction.