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20-20 TECHNOLOGIES CLOSED TRANSACTION WITH UKRAINIAN FURNITURE MANUFACTURER ProDEKS DURING IMM EXHIBITION

^{Published on 2011-02-09 05:40:33 - Market Wire}
 

LAVAL, QC, Feb. 9 /CNW Telbec/ - 20-20 Technologies Inc. (TSX: TWT) ("20-20" or the "Company") the world leader in 3D interior design and furniture manufacturing software announced today that during the January IMM show in Cologne, Germany, it closed its first inSight deal in Ukraine. The customer is ProDEKS, a manufacturer of kitchen and wall systems.

ProDEKS is an existing customer that made the decision to purchase inSight to extend its end-to-end solution. 20-20's solution was selected because it meets ProDEKS sophisticated requirements in terms of order entry and production monitoring.

The IMM show in Cologne, an event dedicated to home furnishing and kitchens, hosted 138,000 visitors this year, an increase of 38% over last year. The mood among exhibitors and visitors was excellent and could be a leading indicator of upcoming market conditions.

"We observe a growing trend among existing and potential clients who have a roadmap to build upon and leverage the benefits of our end-to-end solution," said Jean-Francois Grou, CEO of 20-20. "ProDEKS exemplifies the trend in that it was already a 20-20 Design client and saw the means of further extending its solution with inSight."

Added Joerg Witthus, 20-20's Executive Vice President for Sales and Services Europe, "This deal and others clearly highlight the Company's strong position and momentum in Central and Eastern Europe.  We are now seeing our strengths translating into market share gains. The deal with ProDEKS represents our fourth important contract closed during the first quarter in this region alone. inSight was developed to meet the specific requirements of manufacturers, which provides 20-20 with a compelling and solid competitive position."

About 20-20 Technologies Inc.
20-20 Technologies is the world's leading provider of computer-aided design, business and manufacturing software tailored for the interior design and furniture industries. Dealers and retailers use our desktop and Web-based products and solutions for the home and office markets. 20-20 offers a unique end-to-end solution, integrating the entire breadth of functions in interior design. It provides a bridge for data communication from the point-of-sale to manufacturing, including computer-aided engineering and plant floor automation software. Operating in eleven countries with more than 500 employees and an extensive network of partners worldwide, 20-20 is a publicly traded company (TWT) on the Toronto Stock Exchange (TSX). For more information, visit [ www.2020technologies.com ].

About ProDEKS:
Founded in 1999, located in Ukraine and employing approximately 90 people, ProDEKS manufacture mainly kitchens and wall systems. By printing large motives on top of its furniture, ProDEKS has a "unique selling point" in the furniture market of Eastern Europe.

About IMM:
IMM Cologne showcases the home interiors of the future. The important suppliers from Germany, the rest of Europe and all over the world present their latest products here. IMM Cologne is the central meeting place for suppliers and decision-makers.