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ARI Network Services, Inc. Retains Lytham Partners For Investor
Relations
Contact: Robert Blum, Joe Dorame, Joe Diaz
Lytham Partners, LLC
602-889-9700
www.lythampartners.com
Milwaukee, Wisc. - October 20, 2011 - ARI Network Services, Inc.
(OTCBB: ARIS), announced today the retention of Lytham Partners,
LLC to conduct a national investor relations program.
Roy W. Olivier, president and CEO of ARI Network Services, Inc,
commented, "We are pleased to be collaborating with Lytham Partners
to expand the visibility of ARI within the national investment
community. As we have advanced through the process of reconfiguring
the company for improved financial and operational performance, we
have discussed in our recent board meetings the need to more
broadly communicate with existing and prospective investors the
many opportunities ahead for ARI. We believe that Lytham Partners
is uniquely qualified to help us develop the strong relationships
in the institutional investor community that can reward our loyal
shareholders as we continue to execute on our strategic business
plan."
Mr. Olivier continued, "ARI is a more focused and dynamic
company than it has been in the recent past. We have successfully
repositioned the company to focus on our core competencies, to
operate on a more cost efficient basis, with the expectation of
consistent profitability. We provide leading-edge SaaS solutions in
large markets with substantial headroom for growth, and we see
great opportunities to expand our business in the coming years. All
of these factors lead us to believe that the time is right to
expand our shareholder base and to achieve a valuation multiple
commensurate with the progress we are making in growing the
company."
"ARI is an emerging leader in providing SaaS solutions that
assist dealers, distributors and manufacturers in the outdoor power
equipment, powersports, marine and RV markets drive sales and
expand margins," said Joseph Diaz, managing partner of Lytham
Partners, LLC. "While the macroeconomic conditions of recent years
have had a negative impact on market growth, ARI management, in
conjunction with the Board of Directors, has repositioned the
company to operate more efficiently and profitably. We look forward
to working with Roy and the entire ARI team in the coming
years."
About Lytham Partners
Lytham Partners, LLC provides expertise and guidance to mid- and
small-cap companies in the healthcare, technology, services,
agricultural, industrial, aerospace and defense segments, as well
as the consumer and capital goods industries. The firm is dedicated
to generating substantive communications programs with an emphasis
on developing management credibility via data, clear articulation
of achievable strategic plans, and timely interaction with
investors. For more information visit our website at www.lythampartners.com.
About ARI Network Services, Inc.
ARI (OTCBB:ARIS) is a leading provider of SaaS solutions that
help dealers, distributors and manufacturers worldwide increase
revenues and reduce costs. We deliver our products and services,
which include electronic parts catalogs, eCommerce-enabled
websites, and lead generation and management solutions, to an
estimated 18,000 equipment dealers, 125 manufacturers, and 150
distributors in more than 100 countries worldwide. Our dealer,
manufacturer, and distributor customers are primarily focused in
the outdoor power, powersports (including motorcycles), marine, RV,
and appliances markets. For more information on ARI, please visit
the Company's website at www.arinet.com.
Safe Harbor Statement
Statements in this news release are "forward‐looking
statements" within the meaning of the Private Securities Litigation
Reform Act. The forward‐looking statements can generally be
identified by words such as "believes," "anticipates," "expects" or
words of similar meaning. Forward‐looking statements also include
statements relating to the Company's future performance, such as
future prospects, revenues, profits and cash flow. The
forward‐looking statements are subject to risks and uncertainties,
which may cause actual results to be materially different from any
future performance suggested in the forward‐looking statements.
Such risks and uncertainties include those factors described in
Part 1A of the Company's annual report on Form 10‐K for fiscal year
ended July 31, 2010, filed with the Securities and Exchange
Commission. Readers are cautioned not to place undue reliance on
these forward‐looking statements. The forward‐looking statements
are made only as of the date hereof, and the Company undertakes no
obligation to publicly release the result of any revisions to these
forward‐looking statements. For more information, please refer to
the Company's filings with the Securities and Exchange
Commission.
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