News Release

France’s PEA Consulting will utilize Quebec’s IMAFS Inc. technological solutions

Montreal, June 29th 2009—PEA Consulting, the management consulting arm of Group EURIWARE (Subsidiary of AREVA) has reached a partnership and distribution arrangement with Quebec’s IMAFS Inc. IMAFS Inc.’s advanced Inventory Management and demand forecasting solutions will now be available throughout Europe.

Robert Lamarre, President of IMAFS Inc., and Jérôme Courgeon, Supply Chain Practice Team Director at PEA Consulting, are enthusiastic about the new partnership and have already identified several promising opportunities.

Market analysis has confirmed that a strong need for inventory management and demand forecasting software exists for European firms. These needs represent a real priority for supply chain management. IMAFS solutions are available at a crucial moment. Mr. Lamarre is delighted with the partnership agreement reached with PEA Consulting whose supply chain expertise will help in implementing the IMAFS Inc. solutions in Europe

According to Mr. Courgeon : « To increase our Asset LifeCycle product methodology, we used to develop customized Excel worksheets . We were on the lookout for a more robust, complete and faster solution». IMAFS (Inventory Management And Forecasting Solutions) is an advanced software solution which enables fast inventory optimization and demand forecasting. This software permits WEB interfaces and runs with SQL.  PEA Consulting will use IMAFS Inc.’s software to assess client situations and to maximize inventory management. Mr.  Courgeon believes that IMAFS is the answer his firm was seeking. At least five senior consultants and a partner have already been trained to use this world class best practices software.  « We have great confidence in this approach ».

IMAFS Inc. offers four leading edge solutions that have enabled organizations to lower inventories by up to 25 to 50% and enable users to fully control inventory management parameters.

The unique IMAFS Inc.’s classification scheme enables firms to better understand and control their inventories.

IMAFS Inc. and PEA Consulting are both now better equipped to respond to their clients’ needs by providing advanced solutions which enable fast inventory optimization and demand forecasting and support expert supply chain professionals. Another successful France Quebec collaboration!

-  30 -

IMAFS Inc. signs a VAR agreement with Blue Canary Consulting

Montreal, April 21, 2009 – Mr. Robert Lamarre, President of IMAFS Inc. in St-Lambert, Quebec is pleased to announce a VAR (Value Added Reseller) agreement with Blue Canary Consulting, LLC from Atlanta, Georgia, USA.

Blue Canary is known for its professionalism, dynamism and expertise in Supply Chain management. This agreement contributes to the presence of IMAFS in the United States.

IMAFS (Inventory Management And Forecasting System) offers leading edge technical solutions integrating world class best practices in Inventory Management and Forecasting. These solutions are known to yield inventory savings of 25 to 50% while improving customer service.

IMAFS Inc. recently began offering a SaaS (Software as a Service) version of IMAFS. Inventory management parameters optimized in IMAFS are easily integrated into the clients’ software or ERP. IMAFS also offers WEB reports with powerful data mining.

IMAFS Inc. puts the users in full control of inventory management with optimized parameters.  The product classification system unique to IMAFS Inc. together with IMAFS dashboard allows businesses to better understand and control their inventories by category.

Mr. Memmel, Chief Process Officer for Blue Canary Consulting said that “IMAFS provides good powerful and flexible solutions to businesses in the United States. The SaaS approach offers a very practical solution based on some of the most advanced inventory management optimization techniques. IMAFS is leading edge with its SaaS solution for inventory optimisation. Blue Canary have selected a partner well known for the results it delivers.  IMAFS allows Blue Canary to extend its offering to its client base”.

As per Mr. Lamarre : “Blue Canary is not only a dynamic partner with a good presence in the United States, but it also bring expertise in Forecasting and Inventory Management. Blue Canary will be able to work with IMAFS to offer complete solutions and implementation to our clients in the United States”.

With this association, IMAFS Inc. and Blue Canary are guaranteed to grow together in providing effective solutions in Inventory Management and Forecasting.

-30-