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From the Wires
Forever 21, Inc. Selects Trintech's ReconNET to Optimize Transaction Reconciliation Processes
Growing Fashion Apparel Chain to Use Trintech's ReconNET to Improve Reconciliation Workflow and Increase Efficiencies

By: PR Newswire
Apr. 9, 2007 11:00 AM

DALLAS and DUBLIN, Ireland, April 9 /PRNewswire-FirstCall/ -- Trintech Group Plc , a leading provider of financial software and technology services specializing in transaction verification, reconciliation management, process automation, and compliance, today announced that Forever 21, Inc., has selected ReconNET to improve financial transaction management across its enterprise, including the verification and reconciliation of its cash deposits and credit cards. ReconNET will interface directly with Forever 21's point of sale and ledger systems, ensuring greater efficiency and consistency across the company.

Founded in 1984, Forever 21 operates more than 400 stores in the US and Canada under the banners -- Forever 21, Forever XXI, and For Love 21. The stores offer fashions and accessories for fashion-oriented women of all ages.

"We're growing at a rapid pace; therefore, our largely manual system no longer provides us with efficiencies in terms of time, labor, and control," said Ann Cadier Kim, CFO for Forever 21. "We have a need for a scaleable solution that will grow with us, as well as one that will streamline daily reconciliations, reduce labor costs and help us gain greater visibility and control."

ReconNET will streamline cash management processes, increase internal controls, and provides effective risk management and reporting across the company's US and Canadian operations. Built-in research features will support exception resolution processes and automate communication with the field.

"We're delighted that Forever 21 has selected ReconNET for account verification and reconciliation," said John Harte, EVP and General Manager for Trintech. "Many of the most recognized retail organizations in the world have selected Trintech solutions to improve reconciliation workflow, reduce risk, and raise revenue."

About Forever 21, Inc.

Founded in 1984 by owner and CEO Don Chang and his wife, the company operates more than 400 stores in the US and Canada under the banners -- Forever 21, Forever XXI, and For Love 21. The trendy fashion stores offer men's and women's fashions, as well as lingerie, footwear, cosmetic items, and other accessories. For more information, visit http://www.forever21.com/.

About Trintech Group

Trintech Group Plc is a leading global provider of financial software and services specializing in reconciliation workflow, revenue enhancement, transaction risk management, and compliance for commercial, financial, and healthcare markets. For over 20 years, Trintech has been providing comprehensive, industry-leading solutions to financial departments seeking greater insight into critical transaction processes. Trintech delivers a configurable, highly scalable platform that incorporates a company's unique business processes, enabling managers to obtain greater visibility and more efficiently manage business risk throughout the transaction lifecycle. Trintech's transaction process management solutions include: ReconNET for high volume transaction reconciliation; AssureNET GL for general ledger reconciliation and certification; On-Demand solutions for ASP ReconNET and AssureNET services and the Dataflow Transaction Network for data collection and delivery; and ClearContracts, an ASP service which enables health care providers to optimize contract profitability by reconciling payments received from their patients' insurers to amounts they should have received from claims under the terms of their respective contracts. Over 450 leading companies across a variety of industries rely on Trintech products and services. Clients include: North Fork Bank, 7-Eleven, Kroger, Regal Entertainment, Accor, UPMC, Farmer's Insurance Group, YUM! Brands Restaurants, Rohm and Haas, Verizon Wireless, and Ameren.

Trintech's principal business office is in Dallas, Texas, with international offices in Ireland, the United Kingdom and the Netherlands. Trintech can be reached at 15851 Dallas Parkway, Suite 900, Addison, TX 75001 (Tel 1.972.701.9802). Trintech's corporate office can be contacted at Trintech Technologies, Block C, Central Park, Leopardstown, Dublin 18, Ireland (Tel 353.1.293.9840). For more information, please visit http://www.trintech.com/.

Trintech Press Contact:

Dallas: Donna Martinez, Marketing Communications Manager, Trintech Tel. +1 972 739 1611. email:donna.martinez@trintech.com

Trintech Group Plc

CONTACT: Dallas, Donna Martinez, Marketing Communications Manager of
Trintech, +1-972-739-1611, donna.martinez@trintech.com

Web site: http://www.forever21.com/

Web site: http://www.trintech.com/

Published Apr. 9, 2007
Copyright © 2007 SYS-CON Media, Inc. — All Rights Reserved.
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Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

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