Laval, Quebec, July 29, 2008 - 20-20 Technologies Inc. (TSX: TWT), the world leader in 3D interior design and furniture manufacturing software, announced today the signature of a long term agreement to provide its unique 3D Web visualization space-planning tool, 20-20 Virtual Planner to IKEA, the internationally renowned home furnishing company. With an impressive and growing list of leading retailers in North America, Europe and Asia-Pacific, already using its applications, 20-20 Technologies continues to deliver sophisticated solutions that consistently meet challenging market requirements on a global basis.
With the intent of heightening its online initiatives that included giving customers the ability to design their rooms on the Web, IKEA required a solution simple enough to be used right away by consumers shopping online, with little to no learning curve. Following a most extensive selection process, 20-20's Virtual Planner simply emerged as the most appealing solution available in the market worldwide.
"20-20's Virtual Planner will give IKEA customers the power to create and visualize spaces in a fully interactive 3D setting, putting them in the decorator's seat," said Jean-François Grou, COO of 20-20 Technologies. "Several of our European clients have already experienced an increase in web traffic generally translated into higher in-store and online sales, particularly after having implemented our Virtual Planner solution," he added.
20-20 Technologies provides turnkey sales solutions for customizing spaces with branded products. 20-20 Virtual Planner is part of a family of desktop and web-based tools that allow consumers to change room settings and products, from color to size, and is a complete solution for marketing and merchandizing products.
"We are quite pleased by the level of interest currently experienced in our worldwide markets for our Virtual Planner technology,” said Jean Mignault, CEO of 20-20 Technologies. "Given the integration of these technologies with our 20-20 desktop design application, we feel we can deliver the best and most comprehensive system for retail interior design products in the industry."
About 20-20 Technologies Inc.
20-20 Technologies is the world's leading provider of computer-aided design, business and manufacturing software solutions tailored for the interior design and furniture industries. Dealers and retailers use its desktop and Web-based products and solutions for the residential and commercial markets. 20-20 offers a unique proprietary end-to-end solution, integrating the entire breadth of functions in interior design. It provides a bridge for data communication from the point-of-sale to manufacturing and world-leading enterprise resource planning (ERP) systems, including computer-aided engineering and plant floor automation software. Operating in 13 countries with more than 600 employees, 20-20 is a publicly traded company (TWT) on the Toronto Stock Exchange (TSX). For more information, visit www.2020Technologies.com.
Forward Looking Statements
Certain statements contained in this press release constitute forward-looking information within the meaning of securities laws.
Implicit in this information, particularly in respect of future operating results and economic performance of the Company are assumptions regarding projected revenues and expenses. These assumptions, although considered reasonable by the Company at the time of preparation, may prove to be incorrect. Readers are cautioned that actual future operating results and economic performance of the Company are subject to a number of risks and uncertainties, including general economic, market and business conditions and could differ materially from what is currently expected.
For more exhaustive information on these risks and uncertainties you should refer to our most recently filed Annual Information Form which is available at www.sedar.com. Forward-looking information contained in this report is based on management’s current estimates, expectations and projections, which Management believes are reasonable as of the current date. The reader should not place undue importance on forward-looking information and should not rely upon this information as of any other date. While the Company may elect to, it is under no obligation and does not undertake to update this information at any particular time, unless required by applicable securities law.
20-20 Technologies Inc.
Chief Executive Officer
Laval: (514) 332-4110
Director Marketing & Communications
Laval: (514) 332-4110