Press Release
PRICE Systems Grows Pacific Rim Presence with Japanese Partnership
MT. LAUREL, New Jersey - October 10, 2003 - PRICE Systems announced the formation of a distributor partnership to market and service the company's full line of cost estimating and planning solutions in Japan. This multinational partnership was signed today by principles from the Prigent Corporation of Daejon, South Korea, RealViz, Inc. of Tokyo, Japan and PRICE Systems, L.L.C.
"We are pleased to be able to provide the Japan market with local representation for our products through RealViz," said Bruce Fad, PRICE Systems Vice-President and executive officer responsible for PRICE Systems' software products. "From my first marketing visit to Japan in 1986, it was obvious that a local presence would be essential for us to thrive there," continued Fad. "In the last five years, Prigent has been extremely successful in introducing PRICE products to the South Korean market. Prigent's approach to market education and focused campaigns are necessary when bringing a new way of doing things to a market. Prigent and RealViz intend to apply the same diligence in bringing PRICE into Japan."
"There is great interest in PRICE Systems products in Japan," Mr. Hajime Suzuki, Chief Executive Officer of RealViz, Inc. said. "Japanese executives know about PRICE products and are eager to learn more. We are fortunate to be the company to bring this important technology into Japan. We look forward to providing top class service and support to all current and future PRICE clients."
The teams near term goals are to focus expansion within the Heavy Industries and steadily expose the solutions to other industries through technical seminars and training.
"RealViz will bring to the Japan market what Prigent brings to the South Korean cost forecasting community - deep understanding of the unique problems faced by local cost forecasters and the technical knowledge and commitment to successfully integrate this important new technology," says Kyu Meyung Choi, Prigent President. "I was one of the first to be indoctrinated by Bruce five years ago. PRICE Systems has never left our side as we have built awareness and grown the market. Together, we will exert that same effort in supporting RealViz. We have worked with RealViz before and know that this company is one of the few with the ability and persistence to successfully grow PRICE's presence - the PRICE clients in Japan could not be better served."
About RealViz
RealViz, Inc. was established to be specialized in real-time visualization related business. Visualization with 3DCG is an indispensable technology in the modern IT society where broadbanded massive and complex data are exchanged. RealViz, Inc. is ready to offer state-of-the-art technologies.
RealViz, Inc.
Akiyama Bldg. No.2, 3F
35 Higashi Matushita-cho, Kanda, Chiyoda-ku, Tokyo 101-0042, Japan
Tel: 011-81-3-5207-6862
Fax: 011-81-3-5207-6865
www.realviz.co.jp
Hajime Suzuki
Chief Executive Officer
About Prigent
Prigent Corporation (Daejeon)
1206 Hanjin Officetel
535-5 Bong Meyung-Dong, Yuseong-Gu
Daejeon, 305-301 Korea
Tel: 011-82-42-603-5885
Fax: 011-82-42-603-5886
E-mail: email@prigent.co.kr
Prigent Corporation (US)
P.O. Box 2096
Sunnyvale, CA 94087
Tel: (408) 733-6655
Fax: (408) 241-3980
E-mail: msbae@usa.net
About PRICE Systems
PRICE Systems, the world leader in Program Affordability Management solutions, enables government agencies, defense programs and commercial organizations to successfully select, control and deliver large-scale, complex and high-visibility projects. The company offers cost estimating, cost analysis and knowledge capture tools, combined with expert consulting in cost estimating, and project control methods and best practices, to help customers better control costs and schedules throughout a project's lifecycle, ensuring program affordability. Established in 1975 with offices in the United States, Europe and Asia-Pacific, PRICE Systems serves more than 250 customers worldwide. More than 10,000 project professionals have been trained in the company's cost estimating and analysis methodologies.
Contact Information
Vincent Ferrara
PRICE Systems, LLC
1.856.813.2757
Vincent.Ferrara@PRICESystems.com
