Aptech Computer Systems Completes Rollout of its
Profitvue® ASP Enterprise Back Office Accounting
System for Amerimar Enterprises, Inc.

.

Three Properties Operate Independently Across Secured Web-enabled
Accounting System For Centralized Remote Data Analysis and Input 

PITTSBURGH, June 16, 2004 -- Aptech Computer Systems, Inc. today announced the successful completion of the multi-property installation of its Profitvue® application service provider (ASP) back office accounting solution for Amerimar Enterprises, Inc., a Philadelphia, Pennsylvania-based real estate development company.   The three hotels utilizing Profitvue include the Ramada Plaza Meriden, the Holiday Inn Select Bucks County, and the Westin Governor Morris.  The Profitvue ASP back office accounting system will connect the hotels and centralize remote back office operations over a secured Internet framework providing real-time data collection and reporting across the organization.  The purchase agreement was signed in the first quarter of 2004.
 

Amerimar Enterprises, Inc. is a national real estate investment and management firm that began doing business in 1993.  The company is a recognized leader in the renovation and repositioning of office, hotel, retail, multi-family and mixed use properties throughout the country. With a portfolio of over 20 properties Amerimar is expected to grow in the future.

Aptech’s president, Jay Troutman, said, “We are very happy to provide Amerimar Enterprises, 


Holiday Inn Select Bucks County
Inc. with Aptech’s Profitvue back office accounting solution.  Amerimar is a leading real estate development company that is using our centralized ASP back office system to support its hotels’ independent operation while allowing secured remote access to financial information via the Internet.  Aptech’s 30 years of hospitality systems experience is a perfect fit for Amerimar Enterprises’ high level real estate operations.”

Profitvue, is a widely used thin-client, Web-enabled hospitality back office solution that easily handles single or multi-property and multi-company accounting, and incorporates accounts payable, general ledger, budgeting, forecasting, and financials.  Profitvue gives users open database compliance (ODBC) within a scaleable, client/server, open systems architecture.  Profitvue is available as an ASP service or on a licensed basis.

Aptech Computer Systems also offers Execuvue, and Webvue.  Execuvue is an Internet-enabled enterprise business intelligence application for large and small hotel companies that coordinates data from various corporate systems, including Smith Travel Research, into accessible information with familiar Windows simplicity.  Execuvue is also available in a mobile format, deployed to a PDA, allowing executives to receive notification of user-defined benchmarks and giving access to key performance indicators and exception reports while they are out of the office.  Starwood Hotels and Resorts, Concord Hospitality, Host Marriott, Highpointe Hotels, and other successful companies use Execuvue business intelligence. 

Webvue is an extension of Profitvue that supports property accounting and reporting via the Internet.  Designed for limited service hotels, Webvue enables properties to quickly and easily send and access financial and statistical data and generate reports through its Internet or intranet site.  Hotels can have real-time access to financials at any time, from any location. Webvue is fully secure and centrally controlled and can expand to handle multiple property sites.

About Amerimar Enterprises, Inc. 

Based in Philadelphia, Amerimar Enterprises, Inc. is a national real estate investment and management firm.  The firm began doing business in 1993 as Amerimar Enterprises, Inc.  The company is a recognized leader in the renovation and repositioning of office, hotel, retail, multi-family and mixed use properties throughout the country.  Founded on the belief that real estate in not a passive investment but an active, "hands-on" operating business, Amerimar has become a major force in the redevelopment of under performing properties.  Amerimar's team of highly experienced real estate professionals includes individuals with expertise in asset and property management, leasing, finance, marketing, construction, engineering, accounting and law. 

About Aptech Computer Systems, Inc.

Aptech Computer Systems, Inc., based in Pittsburgh, Pennsylvania, leads the hospitality industry in leveraging change by valuing human relationships and applying technology to solve business problems for people. 

Incorporated in 1970, Aptech is a financial and operations technology solutions and service company whose products include two state-of-the-art back office and business intelligence products: Profitvue? and Execuvue?. Over 700 users, including very large chains, multiple-property management companies and single site hotels, utilize Aptech solutions to understand their financial and operational data.  By offering the hotel industry a solid resource of hospitality professionals, and through its proven ability to evolve technology offerings as the market dictates, Aptech is proud to have earned 100% customer loyalty. 

Execuvue® and Profitvue® are registered trademarks and MyExecuvue is registered to Aptech Computer Systems, Inc.  All other trademarks are owned by their respective holders.


 
Contact:

Jill Wilder
   Aptech Computer Systems, Inc.
412-963-7440 x 304
Jwilder@aptech-inc.com
www.aptech-inc.com

Julie Squires
Softscribe Inc.
404-256-5512
Julie@softscribeinc.com


 
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