NEW YORK, May 19, 2011 (GLOBE NEWSWIRE) -- GBS Enterprises, Inc. (OTCBB:GBSX) announced today that the Company would be presenting at the B. Riley 12th Annual Investor Conference. The conference will be held May 23rd - 25th, 2011, in Santa Monica at the Loews Santa Monica Beach Hotel. Mr. Gary MacDonald, EVP and Chief Corporate Development Officer will speak at 2:00 p.m. (pacific time) on May 24th in the Palisades D Ballroom. The Company will be presenting its award winning Cloud Automation Platform ("GROUP Live") along with its "Transformer Services" that accelerates the modernization of existing IBM Lotus Notes applications to be 'cloud' ready and enables access from mobile devices and tablets.
This prestigious two-day, invitation only annual event, brings together a targeted audience of leading institutional investors, financial services professionals and other qualified investors. The conference will feature presentations by over 140 companies in a broad range of sectors, including: technology, consumer, retail, and financial. Registered conference attendees may request a 1-on-1 meeting with GBS Enterprises through the B. Riley conference website at www.brileyco.com/conference.
The Company's majority owned subsidiary, GROUP Business Software, has recently won two prestigious IBM awards:
"2011 IBM Bestseller Award" in the "Best Cloud Solution Partner" category
"2011 IBM Lotus Award Winner: Chief Technology Officer Innovation Award for GBS Transformer"
GBS's Cloud Automation Platform (GROUP Live) was recently featured in the ExpertON Group Cloud Vendor Benchmark 2011 research report. The report compared cloud computing vendors and positioned GBS as one of the leading providers of cloud management platforms along with other vendors including Microsoft, HP, and VMware.
About GROUP Business Software AG
GROUP Business Software AG is a twenty-year old German-based company whose core business is focused on serving IBM's Lotus Notes and Domino market where it has become IBM's largest provider of business solutions worldwide. GROUP caters primarily to mid-market and enterprise size organizations having over 3,500 customers in thirty-eight countries spanning four continents, representing more than 5,000,000 active users of its products. GROUP's customers include Abbot, Ernst & Young, Deutsche Bank, Bayer, HBSC, Merck and Toyota. GROUP provides Cloud Computing technology, Email Management software, Lotus Software Services, Customer Relationship Management software and Risk & Compliance Management solutions. Headquartered in Frankfurt, Germany, the Company has offices throughout Europe and North America and employs over 150 people in Europe and 70 in North America.
About B. Riley & Co., LLC
B. Riley & Co. is a leading independent investment bank that provides a full array of corporate finance, research, sales, trading and OTCQX DAD services to corporate and institutional clients. Investment banking services include merger and acquisitions advisory to public and private middle market companies, initial and secondary public offerings and institutional private placements. The firm is recognized for its distinguished Equity Research. Its Corporate Governance Advisory Services Group is engaged by both companies and investors to help maximize value for shareholders. Founded in 1997, the firm is headquartered in Los Angeles and maintains offices in Newport Beach, San Francisco, Philadelphia, and New York. It is a member of FINRA and SIPC. For more information, please visit www.brileyco.com.
Safe Harbor Statement
This release contains certain "forward-looking statements" relating to the business of the Company and its subsidiary companies. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions. Such forward-looking statements involve known and unknown risks and uncertainties that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors.
CONTACT: Gary MacDonald EVP and Chief Corporate Development Officer GBS Enterprises, Incorporated +1.917.477.9509 gmacdonald@gbsx.us