CenterStone Technologies Secures $4 Million of New Funding

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CenterStone Technologies, Inc., an internationally recognized developer of Web-based sales order management software for manufacturers of sporting goods, recreation products, apparel and footwear selling through specialty retailers, today announced that their current investors have provided an additional $4 million in funding to the company.

CenterStone Technologies, Inc., an internationally recognized developer of Web-based sales order management software for manufacturers of sporting goods, recreation products, apparel and footwear selling through specialty retailers, today announced that their current investors have provided an additional $4 million in funding to the company.

Tom Detmer, president and C.E.O. of CenterStone Technologies, commented, “We are pleased that our current investors have once again given us their vote of confidence. As we continue to hit our targets, our financial partners continue to stand behind us.”

Kyle Lefkoff, General Partner with Boulder Ventures, and a Director of CenterStone said, “Our additional investment reflects our long-term commitment to CenterStone Technologies. Tom Detmer has assembled a seasoned management team that has a track record of delivering on its promises to clients and investors. In addition, their product is second to none, and the execution of their business plan has been superb.”

Detmer went on to say, “This additional source of capital will allow CenterStone to continue to expand its business in Europe; enhance new products such as our iVendix application and grow in other markets such as the surf and action sports industries. We are dedicated to the idea that information availability and improved order handling are “company features” that CenterStone makes possible for its clients, and by advancing this thinking we will continue to make it easier and more profitable for our clients – manufacturers and specialty retailers – to do business together.”

About CenterStone Technologies, Inc.:

CenterStone Technologies, Inc. provides Web-based sales order management applications in North America and Europe. CenterStone’s applications give retail dealers and sales reps the ability to create proposals, view online catalogs and product availability and to place preseason, restocking, and retail employee orders more effectively and efficiently with their vendors. CenterStone Technologies makes vendors more competitive by providing increased inventory turns at retail, reducing customer service costs, and enabling greater speed to market, thus improving relationships with their customers – retail dealers. Product availability and orders for clients are exchanged between retail dealers, sales reps and vendors’ back office (ERP) systems using EDI or XML.

A blue chip list of well-respected, world-wide brands currently using CenterStone’s technology include: The North Face, Helly Hansen, Ripcurl, Billabong, Ex Officio, Marmot, Pearl Izumi, KHS Bicycles, Jansport, Sport Obermeyer and others.

Additional information about CenterStone Technologies, Inc. can be found on the company’s Web site at http://www.centerstonetech.com.

Editor’s Note: Product and company names mentioned herein may be trademarks and/or registered trademarks of their respective owners.

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Ann Snortland
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