Retail interest for AbsoluteSKY's Solution Surpasses $65 Million
MONTREAL, May 7, 2008 (PRIME NEWSWIRE) -- AbsoluteSKY, Inc. (Other OTC:ABSY.PK - News), developer of the real-time, item-level intelliTRACKER(tm) Inventory Tracking solution, provided an update today regarding the growth of its sales funnel. Through the NRF show in New York this past January and several subsequent customer/partner events, momentum behind the sales effort has intensified dramatically as anticipated. Given solid in-store performance and the positive results of Proof-of-Concept phases conducted with a range of clients, several large National retailers are moving ahead to formalize their interest in proceeding to the next step towards adopting the solution, propelling the value of the sales funnel beyond $65 million.
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The Company added that the list of qualified sales opportunities derives from a diverse customer base that spreads from specialty retail chains to department stores, all of whom have notably demonstrated industry leadership in adopting new technologies. They are particularly drawn to the exceptional ROI and short payback which is largely the result of substantial cost savings.
The Company is anxious to be in a position to announce specifics later this quarter.
About AbsoluteSKY, Inc.
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