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AFS Technologies Acquires Interactive Management Systems, Inc.

Food & Beverage Technology Leader Enhances Presence in Meat and Seafood Distribution and Processing

Press Release

March 4, 2009 (Phoenix, AZ) — AFS Technologies, Inc., the leading provider of technology solutions to various trading partners across the food and beverage channel, announced today that it has completed the acquisition of 100% of the assets of Interactive Management Systems, Inc. (IMS). IMS provides enterprise resource planning (ERP), processing and warehouse management systems (WMS) to clients in the meat and seafood industry.

With the IMS acquisition, AFS Technologies now provides more than 800 customers in the food and beverage manufacturing, processing, and distribution segments with a broad solutions-based product portfolio, tailored specifically to unique needs of the channel. This modularly-designed system offers profit-optimizing solutions for Distribution, Sales & Marketing, Financials, Processing, Warehouse Management, Transportation, E-commerce and Database Services, featuring PROFILE®, the industry’s largest database of product information and recipes.

“The acquisition of IMS allows AFS to further enhance its already-powerful presence in the seafood, meat processing and distribution space in the food and beverage channel”, stated Kurien Jacob, Chief Executive Officer of AFS Technologies.

“AFS’ acquisition of IMS represents a very positive step forward for both our customers and our products”, said Merle Von Gruben, President and Chief Executive Officer of IMS. “We have built IMS from the ground up by providing our clients with state-of-the-art products that have steadily evolved and improved over the years. AFS’ unique ability to leverage its world-class product development resources ensures that the pace of product enhancements and upgrades will accelerate in the future, providing IMS customers with a clear roadmap for technology upgrades at less-than-market costs.”

This transaction marks the third major acquisition completed by AFS Technologies over the past seven months. In August 2008, the company acquired IRM Corporation (Dallas, TX) and Motek (Beverly Hills, CA). These recent transactions have complemented AFS’ other acquisitions of Sales Partner Systems (sales automation for distributors), Astra (ERP and processing systems for seafood providers) and DMS (ERP systems for food and beverage distributors), creating unrivaled channel intimacy in the food and beverage space.

About AFS Technologies, Inc. AFS Technologies Inc. is the leading provider of software solutions for the food and beverage industry. The company now serves over 800 customers across North America and the Caribbean with licensed and software-as-a-service (SaaS) solutions designed to reduce costs, increase efficiency, optimize profits, streamline internal processes and assist in regulatory compliance. AFS offers the industry’s only complete end-to-end software suite, utilizing service oriented architecture (SOA) and the Microsoft .NET framework. This unique, modularly-designed system offers solutions for Distribution, Sales & Marketing, Financials, Processing, Warehouse Management, Transportation, and Database Services featuring the industry’s largest database of product information and recipes, the PROFILE® Database. For additional information please visit the company’s website:

About Interactive Management Systems, Inc. IMS has been providing creative and comprehensive software solutions for food distributors and processors since 1981. IMS’ Enterprise Resource Planning products focus on providing complete integrated company information from the processing room to customer delivery. All IMS solutions utilize the full spectrum of technology, including wireless data collection, to provide management with current accurate information to make timely and accurate decisions.