PRESS RELEASE

For Immediate Release

Argali Store launches new SaaS-based solution for small and

medium retailers

Next generation web-based intelligent holistic retail solution designed exclusively for SMEs

November 8, 2010, US: Argalistore.com launches one of the most awaited

online holistic retail solution designed exclusively for the SME Retail

Segment. Argali Store is built on Openbravo Professional Edition- the World’s

leading open source web-based ERP.

Argali combines the power of ERP, E-Commerce and Point of Sales functions

focusing the SME segment. Argali solution manages and integrates

technology, logistics and intelligence aspects of a retail business and enables

the retailer to focus on expansion, growth and development.

The enormous potential in the Retail SME segment plays an important role

towards the growth of economy. However, the sector currently is unable to

scale up as the current operation structure is intensively manual.

Argali with its advance integration process delivers one-stop solution for

retail business by improvising on the efficacies in the retail operations. The

syndication of retail key business functions and advanced technology makes

Argali an intelligent 3rd generation solution.

Contact: S.Shrikanth Iyer, Argali Store- Product Launch/PR – Head, shri@argalistore.com 044-42115406

: Prabhu Krishnamoorthy,

Marketing Head, prabhu@argalistore.com 044-42115406

According to Ravi Venugopal, CEO “Argali’s promise is to offer an

innovative, engineered online solution for the Retail SMEs at an

affordable low cost – pay as you go (SaaS) model, which will

facilitate the global Retail SME community to keep pace with the ever

changing demands of the next generation customers.”

Paolo Juvara, CTO of Openbravo, said “Openbravo Professional Edition is

fast becoming the ERP platform of choice for innovative vertical solutions such as Argali Store. Multi-tenant SaaS provides an efficient and effective delivery model for standardized back office solutions of all types; in the case of Retail, Openbravo also provides a robust Point-of-Sale component to enable seamless front-to-back operations for Retail SMEs”.

About Argali Store

Argali store, a US Based Organization and a leading provider of the Retail

Management Solution in SaaS (Software as a Service) model. The company

offers a Holistic, Integrated end-to-end solution which perfectly fits the small

and medium retail businesses and enables a smooth operational flow.

The company’s mission is to be customer centric and provide continuous

upgrades at single cost which is challenged to be the lowest in the industry

without any compromise on the product or service quality.

About Openbravo

Openbravo is the award-winning developer of Openbravo ERP, a web-based

commercial open source ERP solution for SMBs-- the industry's first real

alternative to proprietary software. The company's Enterprise Resource

Planning (ERP) has been downloaded more than 1.75 million times, and is

used in over 50 countries.

Openbravo's growth is fueled by an ever expanding international community

of users, partners and developers. The company's commercial open source

business model eliminates software license fees, providing support, services,

and product enhancements via an annual subscription. An expanding range

of free and premium solutions and extensions for Openbravo ERP is available

through the company's unique marketplace, Openbravo Exchange.

Openbravo is venture backed and has received record funding in the Open

Source ERP space from Amadeus Capital Partners, GIMV, Adara Venture

Partners and Sodena.