LAVAL, QC, July 29 /CNW Telbec/ - 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
"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
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
For further information:
For further information: Media Relations: Jean Mignault, Chief Executive
Officer, 20-20 Technologies Inc., Laval: (514) 332-4110; Stephane Vidal,
Director Marketing & Communications, 20-20 Technologies Inc., Laval: (514)