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Richard Davies wrote: The UK has a good crop of technology pioneers in cloud computing - for example ElasticHosts, FlexiScale, Flexiant, OnApp - and also some strong government initiatives such as G-Cloud. We will have to see whether this kind of technical leadership converts into swift mass-market adoption or not.
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Petroleos de Venezuela, S.A. Selects American Software's Enterprise Resource Planning (ERP) Application Suite for Use Throughout Venezuela
Petroleos de Venezuela, S.A. Selects American Software's Enterprise Resource Planning (ERP) Application Suite for Use Throughout

ATLANTA, April 14 /PRNewswire-FirstCall/ -- American Software, Inc. announced today that Petroleos de Venezuela, S.A. ("PDVSA") has licensed 16 server copies of the company's ERP software applications suite to run on an IBM eServer iSeries(TM) platform. The American Software solutions will be used to support PDVSA's oil lubrication facilities throughout Venezuela.

"American Software is very excited about the opportunity to work with PDVSA and enable it to rapidly implement an ERP solution on its new IBM iSeries platform," said Jeff Coombs, executive vice president and chief operating officer of American Software USA, Inc. "We value our long-term relationship with PDVSA, and look forward to helping drive business improvements."

About PDVSA:

Petroleos de Venezuela S.A. (PDVSA) is the national oil company of the Bolivarian Republic of Venezuela. Its operations cover the exploration, production, refining, transport and marketing of hydrocarbons, as well as the Orimulsion(R), chemical, petrochemical and coal businesses. Venezuela has the largest hydrocarbon reserves in the Western Hemisphere, representing approximately half the region's reserves, which positions the country as fifth in the world in proven reserves. With the Orinoco Belt reserves, the country possesses the largest accumulation of liquid fuel on the planet. PDVSA has a production capacity, including the strategic associations and operating agreements, of 4 million barrels a day, while production exceeds 3 million barrels a day. PDVSA is among the leading corporations in the refining business, with a petroleum processing capacity of 3,285,000 barrels a day (1,285,000 barrels a day in Venezuela and 2 million barrels a day outside the country) through 24 refineries: six complexes in Venezuela, one in the Caribbean, eight in the United States and nine in Europe. Venezuela generally exports 93 percent of its total hydrocarbon production. Approximately 54 percent of these hydrocarbon exports go to the United States and Canada.

About American Software:

Headquartered in Atlanta, American Software develops, markets and supports one of the industry's most comprehensive offering of integrated business applications, including enterprise-wide, supply chain management, Internet commerce, financial, and manufacturing packages. e-Intelliprise(TM) is a total ERP/supply chain management suite, which leverages Internet connectivity and includes multiple manufacturing methodologies. The Company's Flow Manufacturing(R) solution is the first dedicated application for automating demand-based manufacturing operations as a best-of-class client/server extension to existing ERP systems. American Software owns 87% of Logility, Inc. , a leading supplier of collaborative supply chain solutions. New Generation Computing (NGC) is American Software's wholly owned subsidiary that provides product solutions for the apparel, sewn and retail products industry by providing functionality that allows these customers to improve efficiencies, lower operating costs, reduce supply chain time, meet complex customer requirements, improve supply chain visibility, improve inventory management, and reduce production costs. For more information on the Company, contact: American Software, 470 East Paces Ferry Rd., Atlanta, GA 30305 (800) 726-2946. (404) 261-4381. FAX: (404) 364-7803 INTERNET: http://www.amsoftware.com/ or E-mail: askasi@amsoftware.com

Forward Looking Statements:

It should be noted that this press release contains forward-looking statements that are subject to substantial risks and uncertainties. There are a number of factors that could cause actual results to differ materially from those anticipated by statements made herein. These factors include, but are not limited to, changes in general economic conditions, technology and the market for the Company's products and services including economic conditions within the e-commerce markets; the timely availability and market acceptance of these products and services; the effect of competitive products and pricing; the uncertainty of the viability and effectiveness of strategic alliances; and the irregular pattern of the Company's revenues. For further information about risks the Company could experience as well as other information, please refer to the Company's Form 10-K for the year ended April 30, 2004 and other reports and documents subsequently filed with the Securities and Exchange Commission. For more information, contact: Vincent C. Klinges, Chief Financial Officer, American Software, Inc., (404) 264-5477 or fax: (404) 237-8868.

American Software, Inc.

CONTACT: Vincent C. Klinges, Chief Financial Officer of American
Software, Inc., +1-404-264-5477

Web site: http://www.amsoftware.com/

Company News On-Call: http://www.prnewswire.com/comp/048263.html

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Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

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