Business VantagePoint™ Provides Easy Cost Comparison for Job Costing - April 18, 2008

Vancouver, BC – April 18, 2008 – VantagePoint Systems announced today a new cost comparison feature for their Business VantagePoint™ core business software solution for corrugated manufacturers. Business VantagePoint is a comprehensive business software solution for corrugated packaging manufacturing facilities, and provides functionality in the areas of estimating, order processing, production scheduling, inventory, manufacturing control, job costing, shipping and invoicing. The new cost comparison functionality allows users to easily compare estimated, standard, and actual costs for an order. Errors, such as missing production and material consumption, are highlighted so that actual costs can be corrected in a timely fashion. This feature provides true visibility of actual job profitability. The estimated, standard and actual costs are displayed side-by-side, allowing plant management to quickly compare estimated and actual results. “The cost comparison capability allows users to drill through to variances easily. Management can compare the accuracy of the estimates to the results of the actual production run,” commented Peter Dobell, VantagePoint Vice President and Chief Technology Officer.

VantagePoint Among Canada’s Top 200 IT Companies - April 04, 2008

Vancouver, BC – April 4, 2008 – VantagePoint Systems Inc. announced today their inclusion in the Branham300 listing. Branham300 is the most comprehensive listing of publicly traded and privately held IT companies in Canada, and is published annually. Other companies listed in Branham300 include large IT enterprises such as Telus, ATI, Cognos and Nortel Networks. For more details, visit www.branhamgroup.com. “We are very excited about our inclusion in the Branham300 listing,” comments Jim Hennings, VantagePoint President & CEO. “What’s notable is that, on average, other companies on the list produced an overall revenue growth of 10% over the prior year, whereas VantagePoint reported a 28% growth in revenue over the past year.”

Smurfit Kappa Ireland Selects VantagePoint’s Core Business Software - March 27, 2008

Vancouver, BC – March 27, 2008 – VantagePoint Systems, Inc. announced today that Smurfit Kappa Ireland has signed a contract to implement Business VantagePoint™, VantagePoint’s flagship business software for the corrugated packaging industry, in their operations. Business VantagePoint software will be implemented at Smurfit Kappa’s three corrugated plants and seven specialty packaging plants in Ireland. Business VantagePoint™ is an estimate-to-cash business software solution for multi-plant packaging manufacturing operations, and provides functionality in the areas of estimating, order processing, inventory, manufacturing control, job costing, shipping and invoicing. Smurfit Kappa will utilize Business VantagePoint software together with Planning & Scheduling software from OM Partners and ArtiosCAD design software, as a part of a best-of-breed software approach. All three software solutions will be seamlessly integrated, with information being passed between the applications automatically. “We are impressed with the way Business VantagePoint displays open order data, and the flexibility to move jobs between plants. The software provides us with full visibility of all orders being processed in all plants, across the whole organization, and allows us to establish optimum order routing for cost savings and maximum efficiency,” commented Mr. Paul Cash, Head of Information Technology for Smurfit Kappa Ireland. “Business VantagePoint will enable us to run our operations as efficiently as possible allowing us to focus on our mission of creating value to our customers,” stated Mr. John O’Loughlin, CEO of Smurfit Kappa Ireland. “We first started working with Smurfit Kappa Ireland a year ago, and quickly realized that their business offered an exciting opportunity; they are focused on delivering the perfect order to their customers, while operating ten business units in two countries. We look forward to implementing Business VantagePoint in Smurfit Kappa’s operations over the next 12 months,” commented Peter Dobell, Vice President, CTO of VantagePoint Systems Inc. About Smurfit Kappa Ireland Smurfit Kappa Ireland (SKI) is a coordinated network of ten business units, located throughout Ireland. A part of the Smurfit Kappa Group, a European leader in paper-based packaging, Smurfit Kappa Ireland is one of the most respected names in Irish business since 1934, and the leading supplier of packaging solutions in the country. Across a broad range of industries, SKI provides their customers a ‘one-stop shop’ – a single point of contact for all packaging requirements. Corrugated packaging, bags, crates, pallets, foam & plastic packaging, point of purchase material and signage are just a few examples of the products and services SKI provides throughout Ireland. The company’s aim is to help their customers reduce their total packaging costs by providing expert advice and class-leading service in areas such as; packaging grade and design optimization, supply chain management, inbound & outbound logistics, and in-store promotion and shelf presence.

Packetis Installs VantagePoint Shop Floor Data Collection - February 26, 2008

Vancouver, Canada and Paris, France – February 26, 2008 - VantagePoint Systems, Inc., a developer of business management software for the packaging industry and their French partner, EUROPE PACKAGING Solutions, announced today that Packetis, France, has signed an agreement to implement VantagePoint’s Production Manager shop floor data collection software. The contract with Packetis, a business unit of the ILEOS Group, is the result of collaboration between VantagePoint Systems and EUROPE PACKAGING Solutions, VantagePoint’s agent in France. The software will be implemented at two Packetis folding carton plants; Chazelles and Valréas, France. The Production Manager shop floor data collection software reduces unit costs and improves shop floor efficiencies by enabling on-line monitoring of machine and job performance. The software automatically monitors production status by direct connection to machine sensors, providing on-the-job instructions and eliminating the need for paper-based job jackets. “We were able to secure the contract with Packetis based on VantagePoint’s reputation as the leading provider of multi-plant business software solutions for packaging manufacturers, and the success of an earlier project with the company. Based on many other installations, we feel that Packetis will benefit greatly from VantagePoint’s shop floor data collection software,” said Eric Vangeneberg, Manager at EUROPE PACKAGING Solutions. The Production Manager system integrates with the Accelerate Advanced Planning and Scheduling module, which as been in operation at Packetis for over 12 months. This graphical scheduling tool automatically provides real-time production line-ups to the shop floor, as well as well as target times and speeds for production.

VantagePoint Releases Business VantagePoint™ 8.6 with Enhanced Software Features - January 29, 2008

Vancouver, BC – January 29, 2008 – VantagePoint Systems, Inc. (TSX-Venture: VPG), a leading business software supplier for the packaging manufacturing industry worldwide, announced today the latest release of their core business software solution for corrugated packaging manufacturers, Business VantagePoint™ (BVP). Business VantagePoint release 8.6 includes numerous functional improvements and enhancements to the majority of the software modules. A major enhancement is the foundation layer for newly-developed modules for customer service and shipping analytics, and logistics control. Release 8.6 also provides support for Oracle Database 10g and Redhat Linux. The latest Business VantagePoint software upgrade will be delivered to all current Business VantagePoint customers free of charge. “We have many new exciting enhancements within Business VantagePoint 8.6. Improvements to the management of outsourced and bought-in business will help our customers better manage their vendors. A lot of the enhancements are geared towards speeding up the workflow within the software, and allowing people quick access to relevant information for effective decision-making,” commented Peter Dobell, VantagePoint Vice President and Chief Technology Officer. For more details on Release 8.6, please visit www.vpgroup.com, or contact Tanja Boesche at tanja.boesche@vpgroup.com, tel: 604.685.4209.

VantagePoint Introduces New Accelerate Module: Alert Central - January 22, 2008

Vancouver, BC, Canada – January 22, 2008 VantagePoint Systems, Inc. (TSX-Venture: VPG), a developer of core business software solutions for the folding carton and flexible packaging industries, announced today a new software module for the VantagePoint Accelerate business system named “Alert Central™.” The Alert Central module creates automated user alerts to pre-defined recipients based on exceptions and actions within the Accelerate software. Some of the available alerts include exceeded credit limits, delivery date past due reminders, quantity and schedule changes, and purchase order approvals. A systems administrator can configure the pre-set alerts, as well as set the exception values. After the creation of a distribution list, an appropriate communication method can be established. The Alert Central Module improves communication between departments and individual users, and provides instantaneous visibility into specified events. The software reduces manual processes and automates workflow within the organization. “The Alert Central Module is seamlessly integrated with VantagePoint Accelerate core business software. It provides instant visibility to certain events, and reduces possibility of errors as it reduces much of the manual communication usually associated with order changes and exceptions,” said Andy Armitage, Vice President at VantagePoint Systems.

MeadWestvaco Installs VantagePoint Accelerate™ Estimating Across Europe - November 27, 2007

Vancouver, Canada – November 27, 2007 VantagePoint Systems, Inc. (TSX-Venture: VPG), a developer of core business software for the packaging manufacturing industry, announced today that MeadWestvaco Europe has chosen to implement the Estimating module of VantagePoint Accelerate™ core business software in their operations. VantagePoint Accelerate™ Estimating module was selected for MeadWestvaco’s plants in the UK, the Netherlands, Germany, Spain and France. The software was implemented at the MeadWestvaco Europe plants in July, August and September of 2007, with one plant going live every two weeks. The software runs on a centralized server that provides common standards for estimating across all the European locations. Centralized administration, optimized production and achieved cost efficiencies are some of the benefits of the VantagePoint Accelerate software implementation to MeadWestvaco. “The decision to install the Accelerate Estimating Module was made after the successful implementation of VantagePoint Accelerate at MeadWestvaco’s European subsidiary, Wall Group, and their plants in Austria, Czech Republic and Poland,” comments Andy Armitage, Vice President of the Retail Packaging Division at VantagePoint Systems. “We are delighted to continue the software project at additional MeadWestvaco Europe locations.” VantagePoint Systems’ software development and support facility located in Leicestershire, UK, provided implementation services for the MeadWestvaco project and will offer on-going technical support.

VantagePoint Introduces Report Explorer - November 09, 2007

Vancouver, BC, Canada – November 9, 2007 - VantagePoint Systems, Inc. (TSX-Venture: VPG), a developer of software for the paperboard packaging industry, announced today the availability of a new software module for their suite of core business software solutions called Report Explorer. Report Explorer allows the user to easily collect, organize, and view reports via the software. Reports can be printed and viewed using Microsoft Excel, or by using a Portable Document Format (PDF) viewer application such as Adobe Reader. Report Explorer allows the reports to be saved on individual computers or servers on the network as PDFs, .xls or .htm files. “Report Explorer is a great way to organize all the reports within an organization,” said Peter Dobell, Vice President and Chief Technology Officer at VantagePoint Systems. “Reports can be saved in multiple different formats, access can be granted from anywhere on the network or through a remote connection, and you can even import reports from different applications to be stored and easily found in Report Explorer.”

Packetis Installs VantagePoint Accelerate™ Scheduling - October 24, 2007

Vancouver, Canada and Paris, France – October 24, 2007 - VantagePoint Systems, Inc. (TSX-Venture: VPG), a developer of business management software for the packaging industry and their French partner, EUROPE PACKAGING Solutions, announced today that Packetis, France, has signed an agreement to implement VantagePoint Accelerate™ Advanced Scheduling module. The contract with Packetis, a business unit of the ILEOS Group, is the result of collaboration between VantagePoint Systems, EUROPE PACKAGING Solutions, and a division of the ILEOS Group formerly knows as Rotanotice (now Packetis), that is an existing user of VantagePoint Accelerate software. The VantagePoint Accelerate Automated Scheduling module enables improved operations, and increases visibility of the scheduling and production planning functions. The backward scheduling ability of VantagePoint Accelerate allows Packetis to schedule jobs based on customer delivery dates, and test multiple scenarios to determine the best scheduling option. The ability to group like jobs together will reduce make-ready times and overall job costs. The software module will be implemented at two Packetis folding carton plants in Chazelles and Valréas, France. “We were able to secure the contract with Packetis based on VantagePoint’s reputation as the leading provider of multi-plant business solutions for packaging manufacturers, and the success of the earlier Rotanotice project. Based on many other installations, we feel that Packetis will benefit greatly from the VantagePoint Accelerate™ industry-specific scheduling and planning module,” said Eric Vangeneberg, Manager at EUROPE PACKAGING Solutions.

StrataGraph LLC Upgrades to VantagePoint Accelerate™ Software - September 07, 2007

Vancouver, B.C. – September 7, 2007 VantagePoint Systems, Inc. (TSX-Venture: VPG), a leading supplier of business software for the paperboard printing and packaging industry announced today that StrataGraph LLC, a joint venture of Great Northern Corporation, has chosen to upgrade their current HRMS Precision system to VantagePoint Accelerate™ core business software for consumer packaging operations to optimize their business processes. The software will operate in StrataGraph’s Oshkosh, WI facility. VantagePoint Accelerate core business system reduces costs and improves efficiency by allowing users to implement best business practices and optimize their workflow. Time savings are realized through task automation and improved access to information for customer service, sales and management. VantagePoint Accelerate also allows the immediate re-calculation of accurate costs when jobs are moved from one machine to another, or a delivery date is changed. “We are pleased to have been selected by StrataGraph for this important project. StrataGraph will be one of the first sites to convert to VantagePoint Accelerate from the HRMS legacy folding carton software,” said Andy Armitage, Vice President of VantagePoint Systems. “StrataGraph is an innovative, web-based manufacturer of offset printed and laminated packaging. VantagePoint Accelerate will provide them the business process traceability and efficiency improvements essential to their strategy of growth as part of Great Northern Corporation." About StrataGraph LLC StrataGraph LLC is a part of Great Northern Corporation, one of largest independent producers of corrugated packaging in United States. Great Northern Corporation manufactures corrugated and custom packaging, edge and roll protection, point-of-purchase displays and signage. Great Northern also offers a comprehensive range of industrial, commercial and retail product solutions to meet the most demanding performance criteria.

VantagePoint Introduces Order Visualizer - August 23, 2007

Vancouver – August 23, 2007 - VantagePoint Systems, Inc. (TSX-Venture: VPG), a developer of core business software solutions for the corrugated packaging, flexible and folding carton industries, announced today its newest software module, Order Visualizer. Order Visualizer helps manufacturers of sets and complex assemblies manage their production and purchase of dependent components. The software enables packaging manufacturers to track component status through the order life cycle using an intuitive visual presentation of the set-component relationship of these difficult and time consuming tasks. Order Visualizer captures related production order, raw material, WIP, inventory and purchase order information that identifies planning and scheduling constraints before they happen. Lists and status for required materials are also shown for each assembly in an easy-to-read interface. “The versatile Order Visualizer is ideal for showing complex order scenarios with manufactured and outsourced items for multiple plants,” said Peter Dobell, Vice President and Chief Technology Officer at VantagePoint Systems. “This innovative approach improves profitability by reducing the time and effort required to process the most complicated items at packaging manufacturing plant.”

VantagePoint Reports 28% Quarterly Revenue Growth - August 16, 2007

Vancouver, BC – August 16, 2007 – VantagePoint Systems, Inc. (TSX-Venture: VPG), a developer of business management software for the packaging industry today announced its financial results for its third quarter ended June 30, 2007. Total revenue for the quarter increased by 28% from the prior year quarter results. Revenue for the third quarter increased in every category as compared to the third quarter of prior year. Revenue for the nine months ended June 30, 2007 was $9.06 million, an increase of 40% over prior year results of $6.48 million. All numbers presented in this release have been translated into U.S. dollars for reporting and comparative purposes. President and CEO Jim Hennings states “Our positive third quarter and year to date financial results are reflections of the continued progress we’re making in our strategic plan to provide top-quality business software and services across all segments of the paperboard manufacturing industry. We are seeing continued loyalty and additional business from our existing customers, and we are adding new customers who have selected VantagePoint to provide them with the best software and services available. From a business growth perspective our project backlog is particularly strong, and from a financial perspective, the Company continues to experience increased revenue, profits, and cash balances." Earnings before, interest, tax, depreciation and amortization (“EBITDA”) were $445,000 for the quarter, an increase from prior year quarter results of $30,000. EBITDA for the nine month period was $1.35 million as compared to $385,000 for the comparable period of prior year. Net income for the three months ended June 30, 2007 was $206,000 bringing year to date net income for the nine month period to $597,000 or $0.04 earnings per share as compared to $54,000 in the prior year period and earnings per share of $0.00.

Great Northern Corporation Chooses Customer VantagePoint™ - August 14, 2007

Vancouver, B.C. – August 14, 2007 VantagePoint Systems, Inc. (TSX-Venture: VPG), a leading supplier of business software for the packaging manufacturing industry announced today that the Great Northern Corporation (GNC) has chosen to implement Customer VantagePoint™, a software solution that enables 24/7 customer service via an on-line customer portal. Customer VantagePoint provides all authorized personnel rapid access to information needed to answer customers’ questions, and allows customers to self-manage their orders on-line. Customers can place orders, manage inventory, and access order status/history for any plant, from any Internet-enabled computer. Order errors can be eliminated and inventory control improved by using Customer VantagePoint. The GNC Customer VantagePoint installation is seamlessly integrated with their HRMS core business software ensuring the accuracy and timeliness of the data presented. “Our first target customer was very happy with the implementation of Customer VantagePoint, and as a result they moved all of their business to GNC. It has turned out to be a great sales tool in addition to benefiting our Customer Service department with allowing customers to place and manage their own orders on-line,” commented Bob Cramer, Director of IT at Great Northern Corporation. “We are pleased to have been selected by the Great Northern Corporation for this project,” said Peter Dobell, VantagePoint Vice President. “Customer VantagePoint allows GNC to be connected with their customers and improves the level of customer service GNC is offering. Customers can have access to important information, and they can also place and release orders on-line.” About Great Northern Corporation Great Northern Corporation is a privately held company and is one of the largest independent producers of corrugated packaging in the USA. Producing over 1 billion square feet of combined corrugated board annually, GNC has evolved from box makers into packaging, shipping, merchandising and distribution experts.

VantagePoint Becomes Microsoft Industry Software Partner - July 18, 2007

Vancouver, B.C. – July 18, 2007 VantagePoint Systems, Inc. (TSX-Venture: VPG), a leading supplier of business software for the packaging manufacturing industry today announced it has become an Independent Software Vendor (ISV) in North America integrating and delivering Microsoft Dynamics GP business management solutions to the paperboard packaging industry. In addition to Microsoft Dynamics GP business management, VantagePoint will also offer Microsoft Dynamics Customer Relationship Management (CRM) software configured specifically for the sales and customer service departments within packaging manufacturers. Special integration between Microsoft Dynamics CRM and the estimating, inventory, and order processing functions of VantagePoint’s software solutions will also be provided. This appointment provides VantagePoint Systems with a software development relationship with Microsoft that will help shape the direction for VantagePoint’s software solutions over time. As a first step, VantagePoint will integrate Microsoft Dynamics GP business management solution with its HRMS Gen/2™ software for corrugated packaging manufacturers, and offer it to current and future HRMS customers. This will be followed by integrating Microsoft Dynamics GP with the VantagePoint Accelerate™ software solution for folding carton and flexible packaging manufacturers, as well as integrating with the Business VantagePoint™ solution for larger corrugated packaging manufacturers. Packaging manufacturers will for the first time ever have the benefit of using Microsoft’s finance and accounting software tightly integrated to VantagePoint’s industry-specific solutions. “We are pleased to have VantagePoint as an ISV partner to meet the specific business needs of our customers in the paperboard packaging industry,” said Naseem Tuffaha, Sr. Director, ISV Sales and Marketing of Microsoft’s Worldwide Partner Group. “With this new relationship, VantagePoint Systems’ existing software solutions for packaging will be enhanced by the additional functionality provided by Microsoft Dynamics GP business management, Microsoft Dynamics CRM software, and a host of other Microsoft solutions such as the new Microsoft Office SharePoint Server 2007,” said Jim Hennings, VantagePoint President & CEO. “This relationship provides VantagePoint with access to significant technical and marketing resources within Microsoft that we can leverage for the benefit of our current and future customers.”

VantagePoint Listed in Top 200 Canadian IT Companies - June 29, 2007

Vancouver, BC – June 21, 2007 – VantagePoint Systems, Inc. (TSX-Venture: VPG) announced today their inclusion in the Branham300 listing. Branham300 is the most comprehensive listing of publicly traded and privately held IT companies in Canada, and is published annually. Other companies also listed in Branham300 include large IT enterprises such as Telus, ATI, Cognos and Open Text. “We are very excited about our inclusion in the Branham300 listing,” comments Jim Hennings, VantagePoint President & CEO. “What’s notable is that most companies on the list produced an overall revenue growth of 17% over prior year, whereas VantagePoint reported a 37% growth in revenue over the past year.

VantagePoint & HRMS Add to Their Sales Team - June 29, 2007

June 29, 2007 – VantagePoint Systems, Inc. (TSX-Venture: VPG), a leading business software supplier for the packaging manufacturing industry, welcomes Jason Skidmore to their growing sales team as an Account Manager. Jason has an honors degree from Sheffield University, and has also studied Financial Management at British Columbia Institute of Technology. Jason has a wealth of corrugated industry experience having worked for VantagePoint Systems as Software Applications Specialist for the past 6 years. Prior to joining VantagePoint, Jason spent 4 years at Accpac in technical support and professional services roles implementing and supporting Accpac’s Warehouse Management software. “Jason has been instrumental in the deployment of Business VantagePoint at several customer sites, including major projects at Menasha Packaging and Georgia-Pacific. This hands-on experience has given him valuable insight into all parts of the corrugated business and developed his problem solving and general business skills. It’s great to have him as a part of the growing VantagePoint & HRMS sales team,” said Peter Dobell, Vice President of VantagePoint Systems.

VantagePoint Announces Accelerate 4.0 Upgrade Release - June 29, 2007

Vancouver – June 29, 2007 - VantagePoint Systems, Inc. (TSX-Venture: VPG), a developer of core business software solutions for the packaging manufacturing industry, announced today a new release of VantagePoint Accelerate™, their business software for the consumer packaging industry. Release 4.0, the latest version of the Accelerate software incorporates a variety of new features and functions, and runs on a new database platform from Progress Software Corp., OpenEdge 10.1. OpenEdge 10.1 extends the functionality of the database and development environment, and incorporates many new tools providing users increased flexibility and productivity. VantagePoint Accelerate release 4.0 includes a new Purchase Invoice Register module that provides dynamic three-way matching between the invoice, purchase order and the goods received records; a new web-interface for the Production Manager shop floor data collection module, allowing remote access to real-time shop floor activity information via any web-browser; a new module – Accelerate DataPoint – an easy to use tool for viewing and accessing data within the Accelerate system, with dynamic HTML output and integration with Excel. Release 4.0 also incorporates significant extensions to the standard reporting and operational workflow of the system. “Release 4.0 includes some great new features that all of our customers can benefit from,” says Andy Armitage, Vice President of Retail Packaging Division at VantagePoint Systems. “There are no license fees for the new release - upgrade to Release 4.0 is included for all existing customers with a current support and maintenance contract. We have already had a great response from customers who have seen the pre-release version, and they are impressed that there will be little or no interruption to their system operation during the upgrade process.”

VantagePoint Reports 52% Revenue Growth and Record-Level Profit - May 28, 2007

VantagePoint Systems, Inc. (TSX-Venture: VPG), a developer of business management software for the packaging industry today announced its financial results for its second quarter ended March 31, 2007. Total revenue for the quarter increased by 52% from the prior year quarter results. This increase included positive contribution from the acquisition of HRMS made during the second quarter of last year. During the three months ended March 31, 2007 the Company was active in providing support, enhancements, and technical services to clients engaged in installing VantagePoint software. Revenue for the six months ended March 31, 2007 was $5.9 million, an increase of 46% over prior year results of $4 million. All numbers presented in this release have been translated into U.S. dollars for reporting and comparative purposes. President and CEO Jim Hennings states “Strong second quarter results reflect the increase in new business activity that the Company is seeing throughout all of its business units, as well as an increase in projects from our existing customer base. Both large and small companies across the packaging manufacturing spectrum continue to choose VantagePoint solutions over competitors.” Earnings before, interest, tax, depreciation and amortization (“EBITDA”) were $642,000 for the quarter, an increase from prior year quarter results of $172,000. EBITDA for the six month period was $909,000 as compared to $355,000 for the comparable period of prior year. Net income for the three months ended March 31, 2007 was $288,234 bringing year to date net income for the six month period to $390,442 or $0.03 earnings per share as compared to $132,983 in the prior year period and earnings per share of $0.01.

VantagePoint Systems and Corrugated Networking Services Form Strategic Alliance - March 29, 2007

Vancouver, Canada - March 29, 2007 - VantagePoint Systems, Inc. (TSX-Venture: VPG), a developer of business management software for the packaging industry announced today a strategic alliance with Corrugated Networking Services Inc. (CNS) of Manchester, NH. CNS is the packaging industry’s only services company specializing fully in IT services, and will allow VantagePoint and its subsidiary HRMS Inc. to offer their customers a wider variety of IT support services. Windows and radio frequency network assessments, front-office network optimization, along with disaster prevention and recovery planning are all services provided by CNS to packaging manufacturers that will ensure cost-effective and secure network solutions. “Our expertise in providing software specifically for packaging manufacturers, together with CNS’ extensive experience in IT support services, will allow us to offer more complete services to our customers in North America. This is an exciting opportunity for both companies, but primarily for our customers who will benefit from the expertise of both companies in the future,” says Jim Hennings, President and CEO of VantagePoint Systems. “Our current IT service department within HRMS will continue to address customer needs with their UNIX networks, and work closely with CNS to service our customers’ Windows and RF networks needs.” The partnership establishes the next step in VantagePoint’s strategy to develop a global network specializing in business software, systems integration, implementation services, and complete IT systems support for the packaging manufacturing industry. “VantagePoint shares our goal to become the best partner for our customers in the packaging industry. This partnership allows both companies to offer better services to a wider range of customers, and take full advantage of the opportunities that exist in the North American market,” said Marc Schwartz, President of Corrugated Networking Services.

VantagePoint Reports 40% Revenue Growth - February 27, 2007

Vancouver, BC – February 27, 2007 – VantagePoint Systems, Inc. (TSX-Venture: VPG), a developer of business management software for the packaging industry today announced its financial results for its first quarter ended December 31, 2006. Total revenue for the quarter increased by 40% from the prior year quarter results. This increase included positive contribution from the acquisition of HRMS last year. Maintenance revenue for the current quarter grew by 150% from prior year first quarter results due to the addition of significant recurring maintenance revenue from the HRMS division. Maintenance revenue is comprised of recurring fees paid by customers in exchange for technical support of the software in addition to upgrade rights to future versions of the software. All numbers presented in this release have been translated into U.S. dollars for reporting and comparative purposes. FINANCIAL HIGHLIGHTS (All figures in 000’s U.S. dollars) Periods ended December 30th Three months 2006 (2005) Revenue $2,516 ($1,799) EBITDA 274 (183) Operating income per share 0.02 (0.01) Net income 102 (75) Net income per share 0.01 (0.01) Cash balance 906 (374) President and CEO Jim Hennings states “Our first quarter results are on target with expectations and represent positive contribution by each of our operating divisions. The paperboard packaging manufacturing segment we service continues to seek out the best return for their on-going IT investment, and VantagePoint continues to provide this to existing and new customers.” Earnings before, interest, tax, depreciation and amortization (“EBITDA”) were $274,000 for the quarter, an increase from prior year results of $183,000. Net income for the three months ended December 31, 2006 was $102,000 or $0.01 earnings per share as compared to $75,000 in the prior year period and earnings per share of $0.01.

Pioneer Packaging Installs VantagePoint Accelerate™ Advanced Scheduling Module - February 23, 2007

Vancouver, B.C. – February 23, 2007. VantagePoint Systems, Inc. (TSX-Venture: VPG), a leading supplier of business software for the paperboard printing and packaging industry announced today that Pioneer Packaging, Chicopee, MA, has chosen to implement the Advanced Scheduling Module of the VantagePoint Accelerate™ business software. The software will optimize and automate scheduling functions at Pioneer’s Chicopee facility. Pioneer Packaging selected the VantagePoint Accelerate scheduling module to replace their manual planning board. With the new system, they can take advantage of the advanced features of the software to optimize their efficiency, and minimize time needed for scheduling. The backward scheduling ability of VantagePoint Accelerate allows Pioneer to schedule jobs based on customer delivery dates, and test multiple scenarios to determine the best scheduling option. Pioneer now also has full visibility into the production plan, across all departments. The ability to group like jobs together has reduced make-ready time and overall job costs. “VantagePoint Accelerate Advanced Scheduling module provides packaging operations a wide variety of benefits,” said Andy Armitage, Vice President of VantagePoint. “The automatic re-scheduling of all tasks when moving a job is a great benefit that keeps all of the tasks in sequence, and makes sure that the manufacturing work-flow is optimized. One of the additional benefits for Pioneer will be the ability to cut out redundant data entry by creating their job tickets automatically from the production plan.”

VantagePoint & HRMS Welcome Floyd Pierce - February 21, 2007

Vancouver, BC – February 21, 2007 – VantagePoint Systems, Inc. (TSX-Venture: VPG), a leading business software supplier for the packaging manufacturing industry, welcomes Floyd Pierce as a business consultant specializing in clients using HRMS software. Floyd has over 30 years of experience in the packaging industry. He has a Bachelor of Business Administration degree and is a former Certified Public Accountant. Prior to his current association with HRMS, Floyd was the Director of Information Technology for a major integrated packaging company. He also previously spent eight years with HRMS as a senior consultant, concentrating in business consulting and installing HRMS software at international client locations. Earlier in his career he held a wide variety of positions with packaging manufacturing operations. His experience ranges from plant maintenance to plant controller; he also spent two years as the corporate controller of a graphic packaging company.

VantagePoint Welcomes Adam Brown - February 21, 2007

Vancouver, BC – February 21, 2007 – VantagePoint Systems, Inc. (TSX-Venture: VPG), a leading business software supplier for the packaging manufacturing industry, welcomes Adam Brown to our team. Adam has a wealth of corrugated industry experience and was a Commercial Manager for Smurfit Kappa UK for the past 10 years. As Commercial Manager, he was responsible for the Inside Sales, Estimating and Design departments. Adam has also been responsible for the Scheduling, Production and Shipping departments. “Adam was deeply involved in the development of the in-house computer system at his previous company, which gave him valuable insight into all parts of the corrugated business and developed his problem solving and general business skills. It’s great to have him as a part of the growing VantagePoint team,” said Peter Dobell, Vice President of VantagePoint Systems. Adam will be located in the United Kingdom, and will initially work with VantagePoint’s various European implementations.

Smurfit Kappa Cartón de Colombia Upgrades Its Business VantagePoint™ Software - January 05, 2007

Vancouver, BC – January 5, 2007 – VantagePoint Systems, Inc. (TSX-Venture: VPG), a leading supplier of business software for the packaging industry, announced today that Smurfit Kappa’s Colombian corrugated operations, Smurfit Kappa Cartón de Colombia SA (SKCC), has successfully upgraded all of its plants in Colombia to the latest version of Business VantagePoint™ software. VantagePoint has delivered quality services to SKCC for the past eight years and again delivered a project on-time and on budget, meeting SKCC’s expectations. The software upgrades for all five plants were done in eight days, with the implementation of the whole project, including planning and preparation, taking six months. The main benefits of this upgrade include improved estimating for assembled and unassembled sets, greater costing flexibility, improved access to customer service and sales-related information and a significantly improved user interface. “Smurfit Kappa was using an older version of the VantagePoint software solution and before the upgrade was approved, the SKCC team evaluated several alternatives. Having performed an extensive evaluation of alternatives, SKCC decided the best option was to upgrade to the current version of Business VantagePoint,” commented Peter Dobell, Vice President at VantagePoint Systems. “We are very happy to be able to say that this project was completed on-time, and to the satisfaction of SKCC.”

VantagePoint Introduces the Next Generation of Shop Floor Data Collection - December 21, 2006

Vancouver – December 21, 2006 - VantagePoint Systems, Inc. (TSX-Venture: VPG), a developer of core business software solutions for the packaging industry, announced today that they are introducing an interactive shop floor data collection system, Production Manager. In search of reduced unit costs, packaging manufacturers need to be able to monitor and improve efficiencies on the shop floor. Production Manger links directly to the production machinery for on-line monitoring of job performance and efficiency throughout the plant. Production Manager integrates seamlessly with VantagePoint Accelerate™ and Business VantagePoint™, VantagePoint’s two leading core business software solutions. The system automatically monitors production status by direct connection to machine sensors, and provides on-the-job instructions eradicating the need for paper-based job jackets. Based on the information provided by Production Manager, production trends can be analyzed to prevent potential problems with future jobs. “Production Manager utilizes industry standard technology from Modicon, a manufacturer of industrial strength PLC monitoring devices,” says Andy Armitage, Vice President of Retail Packaging Division at VantagePoint Systems. “The program is capable of monitoring all of the critical aspects of the production process; amount of make-ready time, waste at each step, downtime and reasons, and average production time. This information is critical to our customers when they are trying to analyze their production bottlenecks, and ensure that their production is as efficient as possible.”

VantagePoint Installs in Italy - December 04, 2006

Vancouver, Canada and Montebelluna, Italy – December 4, 2006 - VantagePoint Systems, Inc. (TSX-Venture: VPG), a developer of business management software for the packaging industry and their Italian partner, B+B Informatica, have signed a contract to implement the VantagePoint Accelerate™ advanced scheduling module at two Italian converting operations. Cartotecnica Grafica Vicentina and Scatolificio del Garda s.p.a. both selected the Accelerate advanced scheduling module to optimize their production planning process. The contract with these two Italian consumer packaging operations is the result of collaboration between VantagePoint Systems and B+B Informatica, and reflects the continued international focus of VantagePoint Systems. The advanced scheduling module provides time savings through automated functions and increased visibility into scheduling and production planning. “Our partnership with VantagePoint Systems allowed us to secure the contract with Cartotecnica Grafica Vicentina and Scatolificio del Garda. With VantagePoint’s reputation as a provider of business solutions for consumer and folding carton packaging manufacturers and VantagePoint Accelerate™, an industry-specific core business system that dramatically improves scheduling efficiency, we feel confident that this solution will provide significant benefits to both companies,” said Luciano Bortolini, Manager at B+B Informatica.

Performance Sheets Selects VantagePoint Roll Stock Handling Software - November 15, 2006

Vancouver, BC – November 15, 2006 – VantagePoint Systems, Inc. (TSX-Venture: VPG) announced today that Performance Sheets L.L.C. (City of Industry, CA) is implementing the VantagePoint Integrated Roll Stock Inventory module.  Performance Sheets L.L.C. is a limited liability corporation owned by Orange County Container Group (OCCG) and Corrugated Services LP (CSLP).  

Performance Sheets L.L.C. recently updated their system to include the handling of roll stock in addition to the Business VantagePoint core business software they currently use for their order-to-cash operations.  The Roll Stock Module is RF (Radio Frequency) enabled, and uses hand-held scanners to control the bar-coded raw materials inventory.  The RF SmartScreen™ allows Performance Sheets L.L.C. to use a single easy-to-use screen within the software while performing all the necessary functions of moving rolls to and from the corrugator.  The project implementation was completed within one week and business was never interrupted.  As a result, Performance Sheets L.L.C. now has a stable software solution that is fully integrated with their core business software, for handling of their roll stock inventory needs. 

“We are pleased that Performance Sheets L.L.C. selected the VantagePoint Roll Stock Module after evaluating multiple stand-alone solutions,” commented Peter Dobell, VantagePoint Vice President and Chief Technology Officer.   “Key qualification factors in their decision process were the ease of conversion from their previous system, as well as the low risk of VantagePoint solution.  They had no need to re-train operators and no need to purchase new hardware.  The VantagePoint solution is optimized for running on small scanner screens, and has no manual data entry requirements.  All information is scanned directly into the system by reading bar code labels affixed to the rolls.”

VantagePoint Accelerate™ Software Selected by Royal Paper Box Company - October 26, 2006

Vancouver, B.C. – October 26, 2006 VantagePoint Systems, Inc. (TSX-Venture: VPG), a leading supplier of business software for the packaging manufacturing industry announced today that Royal Paper Box Company of Montebello, CA, has chosen to implement VantagePoint Accelerate™ core business software to optimize their business processes.

Royal selected the VantagePoint Accelerate solution based on VantagePoint’s leading reputation for customer service, and system functionality.  The Royal Paper Box installation includes all Accelerate software modules, including Advanced Scheduling, Cost of Change and Shop Floor Data Collection, Estimating, CAD integration and Inventory Management.   In addition to these standard modules, Royal is also installing the Integrated Request for Quotation (I-RFQ) module that replaces traditional communication methods of phone, fax and web based inquiry forms considerably reducing time from initial customer inquiry to final quotation.

“We were impressed with the Accelerate features specifically designed for folding carton operations.  The software is a great fit for our business model, and our research showed VantagePoint maintained very high customer service ratings from their current users,” said Darryl Carlson, Inside Sales Manager at Royal Paper Box.  “We are already well on our way in the implementation process and have been getting a great response from VantagePoint personnel during this process.”

 

“We are pleased to have been selected by Royal Paper Box Company for their project.  They are a world-class organization with high standard of quality and professionalism,” said Andy Armitage, Vice President of VantagePoint.

VantagePoint Software Selected by Major Scandinavian Packaging Company - October 19, 2006

Vancouver, B.C. – October 19, 2006 VantagePoint Systems, Inc. (TSX-Venture: VPG), a leading supplier of business software for the paperboard packaging manufacturing industry announced today that Peterson Emballasje AS (“Peterson”), with headquarters in Sarpsborg, Norway, has chosen to implement Business VantagePoint™ software to optimize the core business processes of their packaging manufacturing operations.

Peter Dobell, Vice-President of VantagePoint states “Peterson is the leading company in the Scandinavian Packaging marketplace.   This contract represents a significant achievement for VantagePoint as we continue to expand into the European market with our software solutions that have been so well received in North America.” 

Peterson has contracted to implement VantagePoint’s core ERP software solution, Business VantagePoint™, initially at two of their packaging manufacturing facilities in Norway, with an option to implement the software in up to eight additional facilities located across Norway, Finland, Sweden, and Denmark.  VantagePoint expects that the initial two installations will take place over the next six months. 

About Peterson Packaging

Peterson AS is a privately-held leading global supplier of paper and packaging solutions, with the Nordic countries as its primary market.  With 1,250 employees, Peterson is divided into two main business groups: Peterson Paper & Board and Peterson Packaging.  Peterson Packaging currently produces a total of 100,000 tonnes of corrugated and solid-board packaging at factories located in Norway and Finland.  In addition to being Norway’s largest manufacturer of corrugated board, Peterson Packaging is the country’s leading supplier of corrugated consumer product displays and other packaging solutions.  Peterson’s head office is located in Sarpsborg, Norway. 

Business VantagePoint™ Release 8.5 Enhanced Features - September 27, 2006

Vancouver, BC – September 27, 2006 – VantagePoint Systems, Inc. (TSX-Venture: VPG), a leading business software supplier for the packaging industry, announced a new release of their core business software solution, Business VantagePoint™. 

Release 8.5 includes an updated ‘look & feel’ throughout the software with redesigned user-entry screens to make the system more user friendly.  Most screens will have the same familiar tab sequence and functionality, but will have a more streamlined easier-to-read look, along with new designated entry and read-only fields.

One of the major new enhancements in Release 8.5 is the re-designed Estimating Module.  The new Estimating Module enables estimating of assembled and unassembled sets, as well as creation of multiple estimate variations.  Now users can create estimates with multiple quantity calculations as well as with a variety of different manufacturing materials and optional routings.  The Estimating Module can calculate the differences in cost between different routings and machines. 

“The re-design of the Estimating Module has resulted in a more interactive module that allows the users to optimize their routing and production planning more efficiently.  It also allows customer service representatives to spend less time in compiling comprehensive quotes for their customers,” commented Peter Dobell, VantagePoint Vice President and Chief Technology Officer.

Jay Packaging Chooses VantagePoint Accelerate™ Software - September 15, 2006

Vancouver, B.C. – September 15, 2006 VantagePoint Systems, Inc. (TSX-Venture: VPG), a leading supplier of business software for the paperboard printing and packaging industry announced today that Jay Packaging Group of Warwick, RI, has chosen to implement VantagePoint Accelerate™ core business software to optimize their business processes.  The software will operate in Jay’s Warwick, RI and Scottsburg, IN facilities.

Jay Packaging selected VantagePoint Accelerate after having evaluated multiple business systems specifically designed for folding carton and consumer packaging operations.  The decision was made based on the ease of use and wide range of functionality of the Accelerate system, and VantagePoint’s excellent reputation for customer service.  The system implementation will happen in two phases ensuring minimum interruptions to Jay Packaging’s day-to-day operations.  The first phase will include the Advanced Scheduling, Cost of Change and Shop Floor Data Collection modules.  All other modules (Estimating, CAD integration, Inventory) will be implemented in the second phase, along with the Open Accounts financial software modules.

“We are pleased to have been selected by Jay Packaging Group for this important project because of the excellent match between their business operations and the capability of our software,” said Andy Armitage, Vice President of VantagePoint.  “Jay Packaging is a leading folding carton and blister packaging manufacturer, with a complex mix of business processes, and we welcome them to our growing customer base.”

VantagePoint Announces Business VantagePoint™ Release 8.5 - July 13, 2006

Vancouver, BC – July 13, 2006 – VantagePoint Systems, Inc. (TSX-Venture: VPG), a leading supplier of business software for the packaging industry, announced today a new release of their core business software solution, Business VantagePoint™.  Release 8.5 includes an updated ‘user experience’ for the software with new screen design and enhanced navigation to make the software more user-friendly.  Other major new enhancements include significant enhancements to the estimating module for complex items. 

“The redesign of the Estimating module has resulted in a more interactive experience that allows the users to optimize their routing and production planning more efficiently.  It also reduces the time customer service people need for generating complicated quotations,” commented Peter Dobell, VantagePoint Vice President and Chief Technology Officer.

VantagePoint Systems Included in Canada’s Top Corporate R&D Spenders - June 15, 2006

Vancouver – June 15, 2006 - VantagePoint Systems, Inc. (TSX-Venture: VPG), a developer of core business software solutions for the corrugated packaging and folding carton industries, announced today that they were included in RESEARCH Infosource’s 2005 survey of Canada’s Top Corporate R&D Spenders.  VantagePoint ranked #360 among the over 650 companies that participated in the survey. 

Wall Group Chooses VantagePoint Accelerate™ Estimating Software - June 14, 2006

Vancouver, Canada – June 14, 2006 - VantagePoint Systems, Inc. (TSX-Venture: VPG), a developer of core business software for the packaging manufacturing industry, announced today that Europe-based Wall Group has chosen to implement the Estimating module of VantagePoint Accelerate™ core business solution in their operations.   Wall Group is the European folding carton subsidiary of North American-based MeadWestvaco.  VantagePoint Accelerate™ Estimating module was selected for Wall Group’s folding carton plants in Austria, Czech Republic and Poland.  The project was started in January 2006, and the software is currently being used at all three Wall Group locations. 

 “The system is installed on a central server installed in Graz, Austria, and will allow Wall Group to implement a standardized approach to estimating and pricing across all of their European production locations,” comments Andy Armitage, Vice President of Retail Packaging Solutions at VantagePoint Systems.  “We are delighted to be working with Wall Group, one of the most reputable consumer packaging producers in Europe.”

VantagePoint Systems’ software development and support facility located in Leicestershire England provided implementation services for the Wall Group project and will offer on-going technical support.

VantagePoint Reports 2nd Quarter - May 23, 2006

Vancouver, BC – May 23, 2006 – VantagePoint Systems, Inc. (TSX-Venture: VPG), a developer of business management software for the packaging industry today announced its 2006 financial results for the second quarter ended March 31, 2006. President and CEO Jim Hennings states, “I am pleased to report a profitable second quarter into our fiscal 2006 financial year.  VantagePoint is poised to achieve profitable growth throughout the coming fiscal year.”

FINANCIAL HIGHLIGHTS

Periods ended March 31st

Three months

Six months

 

2006

2005

2006

2005

Revenue

$2,562,535

$2,338,788

$4,668,963

$4,628,296

EBITDA

 

181,546

214,690

391,126

836,038

EBITDA per share

0.01

0.01

0.03

.06

Net income

66,931

126,187

154,203

440,844

Net income per share

0.00

0.01

0.01

0.03

Cash balance

 

266,531

233,628

266,531

233,628

 

Total revenue for the first quarter ended March 31, 2006 of $2.56 increased from prior year as a result of the closing of the Company’s acquisition of HRMS Inc. towards the end of the second quarter.  The Company realized significant growth in its maintenance revenues, reporting $1,127,713 or a gain of 51% over prior year second quarter revenue of $748,818 as a direct result of the HRMS acquisition.

VantagePoint reported earnings before interest, tax, depreciation and amortization (EBITDA) for the second quarter of fiscal 2006 of $181,546 in comparison to $214,690 in the same period of prior year.  Cash balances of $266,531 as at March 31, 2006 improved from prior year.  Net income for the six months ended March 31, 2006 was $154,203 or $0.01 per share as compared to $440,844 or $0.03 per share in the prior year. 

President and CEO Jim Hennings states, “This quarter represents a major milestone for VantagePoint Systems as it includes partial-quarter results from our newly-acquired business unit HRMS, Inc.  HRMS brings us an established customer base that includes over 500 packaging plants throughout North America and internationally.  This acquisition is an important step in our overall strategic plan to increase market share and provide a wider range of software products and service offerings to the packaging industry.   We have a tremendous opportunity to build on what we now have in place and anticipate continued revenue growth and profitable operations in the future.”

Longview Fibre to Update to Latest Version of Business VantagePoint - May 08, 2006

Vancouver, BC – May 8, 2006 – VantagePoint Systems, Inc. (TSX-Venture: VPG), a leading core business software supplier for the packaging industry, announced today that Longview Fibre has successfully upgraded three of its plants to the latest version of Business VantagePoint™ software.  The implementation at the remaining Longview Fibre facilities is scheduled to be finished in 2006.

 

The benefits of the initial implementation included an integrated view into Longview’s separate business units, as well as efficiency gains achieved by a web based customer portal.  As a part of the upgrade, Longview has now started taking advantage of the costing and estimating modules of the Business VantagePoint™ software.  These new modules have enabled Longview to drive more value out of the whole supply chain by having more accurate and timely information on their costs and profits relating to each project.  The estimating module is providing time-savings in the customer service department by reducing times needed to compile a quote.

VantagePoint’s Software Now Available on Windows with Free Oracle Database - April 13, 2006

Vancouver – April 13, 2006 - VantagePoint Systems, Inc. (TSX-Venture: VPG), a developer of business software solutions for the corrugated packaging, flexible and folding carton industry, announced today that their Business VantagePoint™ business software is now available on the Microsoft Windows™ platform.  Business VantagePoint for Windows includes the Oracle® 10g Express Edition database (Oracle Database XE), a free starter edition of Oracle’s world-leading database software.

“We are very excited about this new release which will allow Business VantagePoint to be priced competitively for the entry-level packaging manufacturer,” said Peter Dobell, Vice President and Chief Technology Officer at VantagePoint Systems.   “Many small to mid-size packaging manufacturers want to have the full power of a sophisticated software solution such as Business VantagePoint, but operate it solely on a Windows network platform.  With Business VantagePoint available on Windows, this is now possible.”

Customers with larger data management requirements can easily upgrade to Oracle 10g database.  Oracle is the best choice for large enterprises, as well as for small and mid-size businesses. Oracle 10g has unique security features that address privacy, regulatory compliance, and data consolidation requirements, including row-level security, fine grained auditing, and transparent data encryption. Oracle automates time-consuming, error-prone administrative tasks, so DBAs can focus on strategic business objectives. Studies from the Edison Group prove Oracle Database 10g offers superior manageability and significant cost savings over both IBM DB2 and Microsoft SQL Server.

Stuart Packaging Chooses VantagePoint Software - March 31, 2006

Vancouver, B.C. – March 31, 2006 VantagePoint Systems, Inc. (TSX-Venture: VPG), a developer of core business software for the paperboard printing and packaging industry announced that Stuart Packaging Inc. from Quebec, Canada, has chosen to implement VantagePoint Accelerate™ business software to optimize their operations.

 

With on-going growth in their folding carton operation, Stuart Packaging recognized the need to change their existing business systems to accommodate and assist improvements in production efficiency and customer service.  As a result of a thorough evaluation of the leading software solutions for the packaging industry, VantagePoint Accelerate™ was selected based on its wide range of functionality, advanced technology and ease-of-use.  Stuart Packaging integrated software solution includes the full suite of VantagePoint Accelerate™ modules, including estimating, CAD integration, production scheduling, inventory and accounting.

VantagePoint Completes the HRMS Acquisition - February 13, 2006

Vancouver, BC, February 13, 2006 – VantagePoint Systems, Inc. (TSX-Venture: VPG), a provider of business software and related information technology services for the packaging manufacturing industry is pleased to announce that it has completed the acquisition of HRMS Inc. (dba Harry Rohde Management Systems) of Elmhurst, IL.  As a result of this transaction, VantagePoint now owns 100% of the outstanding common shares of HRMS, Inc.

 

HRMS will continue to operate from its headquarters in the Chicago area as a wholly-owned subsidiary of VantagePoint.   All business procedures, technical support services, and customer service offerings that have been provided by HRMS in the past will remain intact.  HRMS President George Plesa will continue in his position.

 

Privately-held HRMS, founded by Harry Rohde, is one of the original providers of software and related consulting services to the corrugated packaging industry. Rohde, who is now retired, co-owned the majority share of HRMS with his wife Libby, with the remaining shares being held by an employee stock ownership plan.

 

Increased Market Opportunities for VantagePoint

VantagePoint’s software and services have traditionally been targeted primarily at larger, multi-plant packaging companies, including integrated corrugated packaging suppliers such as Georgia-Pacific, Smurfit-Stone, Menasha Packaging, MeadWestvaco, and others. VantagePoint also provides business software to folding carton manufacturers through its Retail Packaging Division, which represented about 25% of reported 2005 revenue and is expected to continue to grow. 

 

The HRMS customer base consists primarily of entry- to mid- sized corrugated packaging companies, though in the past some of the integrated packaging companies have implemented HRMS software.  HRMS also has a handful of folding carton manufacturing companies using its software.

 

Combined, there are nearly 700 packaging manufacturing plants who have selected either VantagePoint or HRMS software solutions in North America and internationally. “VantagePoint and HRMS, taken together, will have the largest market share in North America for business-related software directed at packaging manufacturing,” explained Hennings.

 

Hennings continued, “Our long-term objective is to become the premier supplier of business software solutions, consulting services, and IT solutions to the paper and packaging industry.  We understand this will require multiple types of software solutions and multiple levels of service offerings – it’s not a ‘one size fits all business.’ We will achieve our goal through a combination of internal growth initiatives and strategic acquisitions.”  The acquisition of HRMS brings with it an established client base which is an important building block to growing revenues and increasing profitably over time.”

 

Both VantagePoint and HRMS have an international presence and combined now have customers in the United States, Canada, Europe, Mexico, South America, Australia, New Zealand, Thailand, and Singapore. In November, VantagePoint announced that it will be directing additional resources to its Leicester, U.K., office to capture opportunities in international markets, especially in the emerging Eastern European market.

 

 “VantagePoint has a strategy to expand internationally. We’ll be including HRMS in that plan as well,” Hennings says.  “The European and Latin American markets are key areas to grow our business, and HRMS already has a well-recognized presence in Spanish-speaking markets,” continued Hennings.

 

 “To the credit of Harry and everyone at HRMS, over many years they have obtained a loyal customer following and very strong brand name recognition in the corrugated packaging industry. We’re going to operate HRMS as a stand-alone business unit within VantagePoint and continue to expand its identity as HRMS,” Hennings says, adding that the Elmhurst office, just outside of Chicago, “will provide VantagePoint’s other business units a central location for conducting business.”

 

HRMS founder Harry Rohde, who has been involved in the corrugated industry since the mid-1950s, has been exploring succession plans for the company over the past few years.  Rohde says he decided to sell his interest in HRMS to VantagePoint because “VantagePoint has the same ethics, culture, and attitude toward customers as HRMS.  It’s all very positive,” continued Rohde,  “This acquisition will benefit HRMS staff, customers and the industry.”

 

“As new products come on line, we’ll be ramping up sales and marketing activity for HRMS specifically, and enhancing the sales effort,” said Hennings. Some of the current software offerings from VantagePoint will cross over to the HRMS customer base.  Both companies host customer user group meetings which will continue.

VantagePoint Closes the Loop with RFQ - February 02, 2006

Vancouver, B.C. –February 2, 2006 VantagePoint Systems, Inc. (TSX-Venture: VPG), the Vancouver based developer of integrated business systems for the global packaging industry, has extended their VantagePoint Accelerate™ Management Information System (MIS) with the release of the Integrated Request for Quote (I-RFQ) module.

Utilizing Internet technology, the VantagePoint Accelerate™ I-RFQ module considerably reduces the time from initial customer inquiry to final quotation, replacing traditional communication methods of phone, fax and web based inquiry forms.  The system allows internal sales and customer service personnel to specify customer requirements on-line.  The information is immediately passed to either the designated designer or estimator, dependent upon the specified workflow, and the data is automatically populated to the estimating and CAD modules. This eliminates many of the delays experienced in a conventional request-for-quote workflow, and allows for a rapid, yet controlled response to customer inquiries.

 

In addition to speeding up the workflow, the VantagePoint I-RFQ module can assess the efficiency and productivity of the process. The system monitors the progression of the request precisely, recording the time and date the request passes through each department, documenting when actions have been undertaken and by whom. This enables identification of any specific bottlenecks within the inquiry-to-quotation process, each of which can then be addressed and eliminated.

 

The VantagePoint Accelerate™ software is available either as a fully integrated core business solution, or on a modular basis, with estimating, pricing and quotation modules already being used by many of the world’s leading packaging converters.  The addition of the I-RFQ module further extends the capabilities of the software, bringing the customer closer to the converter through focused workflow improvements.

Menasha Packaging User Groups to Add Value to VantagePoint Solutions - January 12, 2006

Vancouver, BC – VantagePoint Systems, Inc. (TSX-Venture: VPG) announced that Menasha Packaging Corporation has successfully implemented Business VantagePoint™, VantagePoint’s premier ERP software for the packaging industry, at 15 of Menasha’s facilities.   Menasha’s next two packaging facilities to go live have been scheduled for implementation over the next six months.  

In conjunction with the implementation of Business VantagePoint, Menasha is forming internal user groups that will be defining best practices for its various business units.  Menasha now has four user groups that are each in charge of their own business unit focus areas.  The main goal of this initiative is to streamline internal business practices and allow the users to make decisions on the best use of the system.  This approach has already proven successful and will continue to allow Menasha to create more efficient business practices.  “Now that we are near completion of the implementation for Business VantagePoint, we are starting to take full advantage of the software to improve our business operations,” comments Bob Glass, Vice President of Information Technology at Menasha Packaging.

About Menasha Packaging

The Menasha Packaging Company designs and manufactures corrugated containers, displays, protective packaging products, paperboard and paperboard substrates, folding cartons, and commercial printing products.  Menasha Packaging offers customers creative structural and graphic design, sophisticated printing, and a host of specialized services that help package, protect, transport and sell products. Menasha Corporation was ranked 212 on the 2001 InformationWeek 500 list of Information Technology innovators in America. In addition to the overall ranking Menasha Corporation ranked 14th out of 45 companies in the manufacturing sector. The ranking includes other manufacturing companies such as GE, 3M, Snap-on, and Mead Corporation.

VantagePoint Accepts Financing Proposal - January 06, 2006

Vancouver, BC – January 6, 2006 – VantagePoint Systems, Inc. (the "Company") (TSX-Venture: VPG), a developer of business management software for the packaging industry today announced it has accepted an offer of credit from the Business Development Bank of Canada ("BDC") for a $1.7 million loan (the "Loan").

The Loan shall bear interest at a rate of 12.6% per annum, but the interest rate may increase by up to 1% depending on the terms of the subordination and priority agreements required by the Company's senior lender.  The Loan includes a provision for a cash bonus to be paid by the Company to BDC to be calculated at maturity of the Loan or any prepayment in the amount of $100,000 plus 10% of the consolidated EBITDA in excess of $2.5 million.  The EBITDA used as a basis for the calculation will be the higher of the EBITDA for the three fiscal years prior to maturity.

The Loan will be secured against the assets of the Company and by certain corporate and conditional guarantees by the Company and its officers, but will be subordinated to the Company's current senior lender. 

The Company intends to use the proceeds from the Loan to complete the previously announced acquisition of the majority interest in HRMS, Inc. 

The advancement of the Loan and completion of the acquisition of the majority interest in HRMS, Inc. is subject to various conditions, including execution of loan agreements, satisfactory due diligence review, and receipt of all applicable regulatory approvals.  The Company expects that the Loan will be advanced from BDC and the closing of the acquisition of the majority interest in HRMS, Inc. will occur within the next 30 days.

Smurfit-Stone Consumer Packaging Division Chooses VantagePoint Accelerate™ - January 06, 2006

Vancouver – January 4, 2006 - VantagePoint Systems, Inc. (TSX-Venture: VPG), a developer of business software solutions for the flexible, folding carton and corrugated packaging industry, announced that they have signed an agreement with Smurfit-Stone Container Corporation’s consumer packaging division for the supply of VantagePoint’s Accelerate™ Estimating, Order Planning and Scheduling software.  As part of the contract, Smurfit-Stone has the option to implement VantagePoint Accelerate software and services at all of their folding carton and label plants. 

The VantagePoint Accelerate™ software allows for consolidation of the estimating and scheduling systems, as well as increased visibility of information for all Smurfit-Stone facilities. The new software provides dynamic, easy-to-use tools for calculating costs and effective pricing, as well as optimizing the scheduling of jobs within the plants.  

“The systems implementation is vital to our on-going strategy to leverage shared services, using division-wide systems to better support customers,” said Rod Jackson, Director of Information Technology at Smurfit-Stone’s consumer packaging division. “As the VantagePoint estimating and production scheduling software has proven very effective for some of our folding carton and label operations already, this was the next logical move to bring all of our plants to the same system.”

About Smurfit-Stone Container Corporation

Smurfit-Stone Container Corporation (Nasdaq: SSCC) is the industry’s leading integrated manufacturer of paperboard and paper-based packaging.  Smurfit-Stone is a leading producer of containerboard, including white top linerboard and recycled medium; corrugated containers; point-of-purchase displays; multiwall and specialty bags; and clay-coated recycled boxboard; and is one of the world’s largest collectors and marketers of recovered fiber.  In addition, Smurfit-Stone is a leading producer of solid bleached sulfate, folding cartons, flexible packaging, and labels.  The company operates approximately 250 facilities, located primarily in the U.S., Canada and Mexico, and employs approximately 35,000 people.  For more information, visit www.smurfit.com.

VantagePoint Shows Revenue Growth in 2005 - December 14, 2005

Vancouver, BC – December 15, 2005 – VantagePoint Systems, Inc. (TSX-Venture: VPG), a developer of business management software for the packaging industry today announced its 2005 annual financial results. President and CEO Jim Hennings states “I am pleased to report on the continued financial and operational success achieved by VantagePoint Systems during 2005 evidenced by our increase in revenues, improved cash position, and the 36% growth in our active installed base over prior year.”

FINANCIAL HIGHLIGHTS

Years ended September 30th

2005

2004

Revenue

$8,349,547

$8,107,746

Operating income before tax, other items, & amortization

 

$1,206,079

$1,158,912

Operating income per share

$0.08

$0.08

Net income

$569,016

$655,978

Net income per share

$0.04

$0.05

Cash balance

$415,246

$134,954

 

Total revenue for the year ending September 30, 2005 of $8,349,547 represents a new record for the Company as it continues to grow its customer base and deliver on its commitments.  The Company realized significant growth in its license revenues, reporting a gain of 31% or $567,996 over prior year license revenue of $1,824,681.  Client services revenue and maintenance revenue for the current fiscal year were consistent with prior year results.  Foreign exchange rate fluctuations over the past three years have dramatically impacted the growth rates that would otherwise have been reported.  The compound annual growth rate for revenues in USD over the fiscal years of 2003 through 2005 was 30%.

VantagePoint recorded net income after tax for the year of $569,016 in comparison to $655,978 in the prior year.  Earnings per share for the year ended September 30, 2005 were $0.04 in comparison to $0.05 in the prior year.  Net income for the prior year included a one time gain on settlement of a customer claim of $181,644.  Income before other items, income taxes and amortization was $1,206,079 for fiscal 2005, a 4% increase over prior year results of $1,158,912.  President and CEO Jim Hennings states “VantagePoint is focused on growing it market share and customer base in the future through a series of strategic initiatives that include product line extensions, vertical market expansion, and strategic acquisitions.”

The Company will hold a conference call to discuss these results on Tuesday December 20, 2005 at 10:00 a.m. PST.  The call can be accessed by phone by dialing 416-340-2216 or 866-898-9626 and via the web at:  http://www.newswire.ca/en/webcast/viewEvent.cgi?eventID=1328580

 

VantagePoint Systems to Acquire Majority Interest in HRMS Inc. - December 06, 2005

Vancouver, BC, December 7, 2005 – VantagePoint Systems, Inc. (TSX-Venture: VPG), a developer of business software solutions for the packaging industry is pleased to announce today that it has ente