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Darryll Dewan joins QAD as vice president of global sales

Announcement posted by QAD 26 Feb 2003

Former i2 Executive to Focus on QADs Major Multinational Customers
QAD (NASDAQ: QADI), a leading provider of enterprise applications for global manufacturers, today announced it has appointed Darryll Dewan as vice president of global sales. In this newly created position, Dewan will report to CEO Karl Lopker and serve on the QAD Executive Committee. He will be responsible for the quality, consistency and coordination of QADs global sales force, focusing specifically on the companys major multinational customers.
QAD is committed to strengthening its worldwide sales and marketing efforts to help us gain further traction in our core vertical markets, said Karl Lopker, CEO of QAD. Darrylls passion, proven track-record and experience will make a significant contribution on this front, and our multinational customers will benefit from his deep industry experience, strategic thinking and effective management. With more and more of our customers extending their QAD implementations to multiple locations throughout the world, we are pleased to have Darryll on our team.
Dewan brings more than 25 years experience selling technology and enterprise solutions to businesses. Prior to joining QAD, he spent five years with i2 Technologies, most recently as executive vice president and president, global alliances and strategic accounts. He also held executive sales positions at Amdahl, serving as general manager of North American sales, services and operations, as well as at leading companies including IBM and Oracle.
QAD has real solutions that deliver real results on a local and global scale, said Darryll Dewan, vice president of global sales at QAD. I look forward to expanding the companys global business in partnership with the regional sales executives -- Tom Mackey in North America, Daniel Lender in Latin America, Andy Eardley in EMEA and Paul Henderson in Asia -- to ensure we have the finest sales team in the industry. Our multinational customers expect the best, and I know we can deliver.
About QAD
QAD delivers value through collaborative commerce for manufacturers, empowering enterprises to integrate diverse business processes and increase profitability. Manufacturers of automotive, food and beverage, consumer, electronics, industrial and medical products use QAD applications at approximately 5,400 licensed sites in more than 80 countries and in as many as 26 languages. For more information about QAD, telephone +1 805 684 6614, or visit the QAD Web site at: www.qad.com. To receive any of QAD's press releases via facsimile, contact +1 800 356 0747, or outside the U.S. contact +1 213 253 5647.
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Note to Investors: This press release contains certain forward-looking statements made under the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. A number of risks and uncertainties could cause actual results to differ materially from those in the forward-looking statements. These risks include, but are not limited to, evolving demand for the company's software products and products that operate with the companys products; the publication of opinions by industry analysts about the company, its products and technology; the reliability of estimates of transaction and integration costs and benefits; difficulties relating to integration of a new business; the entry of new competitors and their technological advances, delays in localizing the company's products for new markets; delays in sales as a result of lengthy sales cycles; changes in operating expenses, pricing, timing of new product releases, the method of product distribution or product mix; and general economic factors. In addition, revenue and earnings in the enterprise resource planning (ERP), e-business and collaborative commerce software industries are subject to fluctuations. Investors should not use any one quarters results as a benchmark for future growth. For a more detailed description of the risk factors associated with the company and the industries in which it operates, please refer to the company's Annual Report on Form 10-K for the fiscal year ended January 31, 2002.