Friday, January 17, 2003 NEW VERSION OF SOFTWARE EXPECTED TO FURTHER ACCELERATE PROPHESY'S RAPID PENETRATION IN THE DISPATCH MARKET.
Bloomfield, CT -- January 17, 2003 -- In 2002, more than 200 trucking companies chose Prophesy Dispatch software as the technology to drive their business operations. This contributed to a 40% increase over Prophesy's Dispatch product revenue in 2001. Particularly impressive was the record total of 98 units sold in the 4th quarter of 2002, attributed by the company to the release of Prophesy Dispatch Version 4 during that same quarter. Based upon these numbers, the company predicts continued growth in 2003. "Throughout 2002, we consistently outsold our competitors at a rate of 2.5 to 1." said William Ashburn, Vice President of Sales & Marketing. "We expect this ratio to grow in the coming year, fueled by our new release Dispatch Version 4."
During this period of economic recovery, Prophesy notes that technology is key to managing a trucking company efficiently. "The companies that are surviving and growing these days are the ones that understand that they must implement technology to control costs and generate additional revenue for each truck." says Prophesy President Edward J. Forman.
The Prophesy Dispatch handles every aspect of Dispatch, advanced rating, freight billing, revenue and driver settlements, driver advances, accounts payable, accounts receivable, general ledger, payroll, vehicle maintenance, brokerage capabilities, powerful management reporting, and fuel tax reporting.
Prophesy Transportation Solutions, Inc. is a leading provider of Internet and software solutions to the transportation and distribution industries. Since 1984, Prophesy has offered products and services for dispatch, accounting, logistics management, mileage and routing, fuel purchase optimization, fuel and road tax reporting, driver log auditing, driver management, and vehicle maintenance. For more information, please visit www.mile.com on the Internet, or contact Prophesy Transportation Solutions, Inc. at 1-800-776-6706.
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