Business and Technology Editors
NEW YORK & GIVATAYIM, Israel--(BUSINESS WIRE)--Aug. 12, 2002
Shelron Technologies 2001 Ltd., a fully owned subsidiary of TTTTickets Holding Corporation (OTC Bulletin Board: TTTT) ("TTTT") announced that the company is further expanding its areas of activities by establishing two new departments: Internet marketing and advertising, along with consulting and planning services for CRM (Customer Relationship Management) applications.
Shelron Technologies has taken an aggressive approach to the Company's business strategy by entering markets that represent technological fits to Shelron's areas of expertise and show high growth potential. To this end, the Company recently signed a marketing agreement with BeeComm Ltd., a leading developer of Point of Sale (POS) systems for the food and hospitality industries.
Shelron's latest moves are expected to boost the Company's sales even further. The CRM professional services industry is going through a major transformation, making Shelron's timing even more appropriate. According to a recent report by Forrester Research, this segment of the CRM market is expected to reach close to $42 billion by 2007. The Forrester report notes that such areas as "cross-channel integration, vendor verticalization, Web services and application pricing models" will see significant changes in the coming years.
About Shelron Technologies Ltd.
Shelron Technologies 2001 Ltd. is an Israeli high-tech company, which engages in creating Application Integration & Middleware (AIM) software systems for medium and large corporations, along with creating large-scale e-business solutions and developing web-enabled legacy systems. The Company's unique products modernize internal operations to allow organizations to reduce information technology costs, increase productivity and improve customer responsiveness through an efficient business process management approach.
Safe Harbor Statement
This press release contains forward-looking statements that involve risks and uncertainties. TTTT's actual results could differ materially from those discussed in such forward-looking statements based on a variety of factors. Other risks are reflected in TTTT's filings with the Securities and Exchange Commission.
Reader and Investor Relations Contact Information: Shelron Technologies 2001 Ltd., 7 Tfutzot Yisrael St., Givatayim, Israel Tel:+972-3-732-3050, Fax: +972-3-5712030, www.shelron.com, jgering@shelron.com
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