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Prime Restaurants Completes Implementation of Tibersoft IQ


Leader in Canadian Casual Market Uses IQ Solution for Procurement Negotiation and Auditing

Westborough, MA April 15, 2004 - Tibersoft, leader in foodservice procurement negotiation and auditing solutions, today announced that its latest customer, Prime Restaurants of Canada has completed the implementation of Tibersoft IQ. The Tibersoft IQ Spend Management System ensures precision execution of Prime Restaurant`s supplier agreements and facilitates analysis to guide future decisions. With over seven years of experience serving this market, Tibersoft understands the unique challenges operators face. Tibersoft IQ addresses critical issues such as rebates and compliance, to help operators more efficiently and effectively operate their business.

"As one of the largest casual dining companies in Canada, cost control is a huge issue" said Bill Grady, Director of Purchasing. "We will be using Tibersoft IQ to monitor and proactively audit purchases across our entire organization."

"Tibersoft is pleased to welcome Prime Restaurant to our list of successful operators," said Christopher Martin, Vice Chairman and Founder of Tibersoft, "IQ allows our customers to negotiate more effectively and drive better deals".

About Prime Restaurants of Canada
Prime Restaurants of Canada Inc. operates and franchises one of Canada`s leading chains of casual dining restaurants and premium pubs. As a pioneer in the Canadian casual dining industry since 1979, it is considered an important innovator in the development of brands and today has a diversified portfolio of concepts that include: East Side Mario`s, Casey`s Bar & Grill, a Belgian-style brasserie operating under the trade-mark Esplanade Bier Markt, and a family of authentic Irish pubs operating under the trade-marks Fionn MacCool`s, D`Arcy McGee`s, Paddy Flaherty`s, Tir nan Og and Slainte, as well as RD`s RIBS, and Pat and Mario`s. Prime Restaurants employ over 9,000 people across the country.

Prime Restaurants Royalty Income Fund is listed on the Toronto Stock Exchange under the symbol EAT.UN.


About Tibersoft Corporation
Tibersoft is the leader in foodservice spend management solutions for the enterprise. Tibersoft IQ is the company`s flagship solution that is focused on meeting the needs of large, enterprise operator and manufacturer customers. Tibersoft is headquartered in Westborough, Massachusetts and has sales offices in New York, Florida, Illinois, and California.


For Information Contact:
Tibersoft
John Wall
Director of Marketing
Tel: (508) 621-2350
Email: jwall@tibersoft.com
 
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