OAKVILLE, Ontario, March 23, 2012 /PRNewswire/ -- BLACKBIRD INTERNATIONAL CORPORATION (PINKSHEETS: BBRD) is most pleased to announce that its subsidiary, Insight Group Technologies Inc, has been chosen by Nestle DSD-USA, one of North America's largest frozen food distributors, to complete a comprehensive review of their facility operations and distribution centers utilizing the DC Expert software suite. The project has begun and it will provide a template for many of the major operations that rely on the Company's technology.
Nestle had vetted other products but awarded the contract to Blackbird. The technology is based on proprietary industry leading algorithms that are designed to dramatically improve supply chain productivity and performance in a very short period of time. The software provides definitive outputs that prove to all targeted companies that they should gain a return of up to 20 times the amount that was invested in this technology. ''The DC Expert software suite provides a solution to a number of problems Fortune 500 companies face in their logistics operations. Once deployed the application offers tangible advantages in real time, reduces operating costs and bottom line benefits,'' adds Lee Rector, EVP of Blackbird. ''It is a win-win solution.''
"This contract also marks a paradigm shift in the Blackbird's subsidiaries sales strategy moving from pure arms length approach to a more trusted vendor program. Insight's sales team are confident that this new commercial model can be replicated with a number of our existing clients and new customers alike," added John Pedder, Blackbird's president.
Blackbird expects revenues in excess of $200,000 for each of these type of contracts as well as additional revenues generated by recurring maintenance fees.
''Nestle is one of many of our Fortune 100 clients that bring excellent value to our shareholders,'' commented John Pedder. The Company's technology and its numerous variants are developed to satisfy, not only Nestle, but numerous Fortune 500 clients such as, DHL, Nissan, 3M, Moen, Fosters Group (Australia), Mainfreight International (New Zealand), and Cooper Industries. All development on the Company's technology is subject to improvements and is interchangeable benefitting all clients.
The Company's proprietary technology is now sought after by many international end users and the Company expects its revenues from its Technology and Business Services division to reach $5.0m within the coming year.
About Blackbird International Corporation
Blackbird is in the business of developing and implementing software both in the gaming industry as well as in the field of supply chain management. It develops products and provides the installation and the services required by many Fortune 500 clients. It is in an acquisition mode in order to rapidly become a major firm in this lucrative global market.
This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include the fluctuations in the price of gold and in the event of severe weather conditions. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although the Company believes that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate.
SOURCE Blackbird International Corporation