Proha and manufacturing channel Europe agree on cooperation

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PROHA AND MANUFACTURING CHANNEL EUROPE AGREE ON COOPERATION Proha Plc signed an agreement with Manufacturing Channel Europe Oy on offering its business management system worldwide as a part of Proha's ProCountor.Com and ASP services within the Financial Management business area. Manufacturing Channel business management system is an Internet service for manufacturing companies. Pekka Pere, President and CEO of Proha, says that the agreement complements the Financial Management product portfolio and expands the ProCountor.Com. concept to production management of manufacturing companies. "Manufacturing Channel is an extensive planning and management tool for production and logistics, which will become an important part of Proha's Financial Management services." An additional software version will be made for inventory control and materials handling only. The software is available in Finnish, Swedish, English, and Estonian. MANUFACTURING CHANNEL EUROPE OY IN BRIEF Manufacturing Channel Europe Oy has provided software services for manufacturing companies since 2000. The Manufacturing Channel product won the Microsoft MCSP Challenge competition in the same year. Manufacturing Channel is an integrated software and Internet service, which covers sales, purchasing, budgeting and planning operations as well as production control and administration. PROHA IN BRIEF Proha is a globally operating, growing and profitable software company. Its key business areas are Project Management, Financial Management, and ASP services based on Internet Technologies. The proforma net sales of the Proha Group was EUR 82.2 million in 2000. Over 4/5 of the net sales originates from outside Finland. The Group employs over 600 people over 400 of which work abroad. Proha Plc Pekka Pere President & CEO For more information please contact: Proha Plc CEO Pekka Pere, tel. +358 (0)20 4362 000 pekka.pere@proha.fi http://www.proha.fi Manufacturing Channel Europe Oy CEO James Casserly, tel. +358 (0) 9 5655 180 james.casserly@mc-europe.com http://www.mc-europe.com DISTRIBUTION: Helsinki Stock Exchange, Major Media ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2001/05/18/20010518BIT00910/bit0002.doc http://www.bit.se/bitonline/2001/05/18/20010518BIT00910/bit0002.pdf