Business Services Industry

FP Technology Enhances the Lead-To-Order Process With Its Latest OnDemand Release of Firepond CPQ™ OnDemand; Automated Workflow for Deal Management and Approvals with Offline Capability, Greatly Improves a Company's Sales Process

Business Wire, June 21, 2006

NEWTON, Mass. -- FP Technology, Inc. (OTCBB:AFGU), doing business as Firepond, announced today it has released version 3.0 of its multi-tenant Configure-Price-Quote (CPQ(TM)) OnDemand solution for salesforce.com. The major new features of Version 3.0 include workflow capability and an Offline Edition.

The workflow capability is highly customizable and automates the approval process and management of deals for an organization's product configurations, quotes and proposals. Designated administrators can specify who needs to approve product configurations, quotes and proposals, and what tasks users can perform while items await approval. For example, a user of Firepond's CPQ OnDemand 3.0 workflow feature can email notifications to identified people at each step of the approval process notifying them of product configurations, pricing changes and discount modifications. In addition, the Workflow Console provides a comprehensive view of all workflow tasks allowing a user to quickly respond to tasks that require attention.

With the new Offline Edition, Firepond OnDemand users can now prepare product configurations and quotes without being connected to the Internet or logged into Salesforce. The Firepond OnDemand Offline Edition allows users to create these items in a disconnected mode, such as when visiting a customer site, and then upload them when a connection is possible.

FP Technology's CEO Bill Santo said, "One of the key advantages of our multi-tenant, OnDemand platform is that we can quickly and frequently enhance our application based on our customer's direct feedback. The addition of workflow and the Offline Edition are key features that contributed to Firepond's recent customer wins. Firepond CPQ OnDemand Version 3.0 further strengthens our leadership position among the multi-tenant, OnDemand product configuration, quote creation and proposal generation offerings."

Other version 3.0 highlights include a

--Customized Product Summary Tab - Users can control what data is displayed within the Product Summary Tab Module, making the product module customizable to specific needs.

--Product Comparison - Users have the ability to view a side-by-side comparison of product configurations. This useful feature permits users to prepare several product configurations for each customer and highlight the differences between each.

--Multiple Currency and Language Reports - Firepond CPQ OnDemand users now have the ability to use multiple currencies and languages within the Proposal Module, providing flexibility not otherwise available for the user in salesforce.com.

--Customizable Product Updates - Administrators now have the ability to modify how the product update changes are displayed to the users.

Firepond is a certified AppExchange partner. Firepond CPQ OnDemand is one of more than 250 applications created by salesforce.com, its customers and partners that are now available on the salesforce.com AppExchange, the world's first on-demand application platform. AppExchange provides unprecedented ease of customization and integration for Salesforce deployments, as well as enabling a whole new generation of on-demand applications that go beyond CRM. AppExchange enables all of these on-demand applications to be easily shared, exchanged and installed with one click into a customer's salesforce.com account. AppExchange can be found at http://www.salesforce.com/appexchange.> About FP Technology

FP Technology, doing business as Firepond, is a leading provider of multi-tenant, OnDemand CPQ(TM), or Configure, Price, Quote software that automates and simplifies product pricing and configuration for companies and helps these enterprises improve order accuracy while reducing their cost of sales. Firepond's sales solutions help companies to optimize their sales processes whether their need is to solve complex product or pricing configuration, create product catalogs or provide an interactive selling system and dramatically improve response time. Firepond solutions provide a rapid ROI through improved order accuracy (nearly 100% of submitted orders have accurate specifications and pricing), improved proposal generation time and high user acceptance. Product data is maintained using Firepond's Product Data Manager that features a highly visual and easy to learn user interface and powerful data import utilities. FP Technology is headquartered in Newton, Massachusetts. For additional information about Firepond CPQ OnDemand visit www.firepond.com or call 1-866-UCONFIG (826-6344).

Firepond is a trademark of FP Technology, Inc. CPQ is a trademark of FP Technology, Inc. Other names used may be trademarks of their respective owners. Salesforce.com is a registered trademark of salesforce.com, Inc., San Francisco, California. Other names used may be trademarks of their respective owners.

This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended including statements regarding AFG Enterprises USA (doing business as Firepond, Inc) anticipated revenue, growth in AFG Enterprises USA target market, and market trends favorable to AFG Enterprises USA. Investors are cautioned that all forward-looking statements involve risks and uncertainty. Although the Company believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. Important factors that could cause actual results to differ materially from the forward-looking statements include the Company's need to obtain substantial additional capital (through financings or otherwise) to fund its operations, fluctuations in the Company's business results, and changes in the markets it serves. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by the Company or any other person that the objectives and plans of the Company will be achieved.

COPYRIGHT 2006 Business Wire
COPYRIGHT 2008 Gale, Cengage Learning

 

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