Electronic Retailing Systems International, Inc. We accomplished a number of important financial objectives over the past several months to strengthen the company for the future. ERS recently completed an eight-month effort to reduce the company's debt, resulting in a dramatically stronger balance sheet.
PSI is one of the leading suppliers of self checkout retailing systems.
The investment in PSI positions ERS to take advantage of the current demand for self checkout systems in supermarkets and mass merchandise retailers. ERS is a leading developer and supplier of electronic shelf labeling systems designed to improve retailer profitability. The ERS ShelfNet system is designed to assist retailers in cost savings and pricing accuracy by using a wireless network to link a store's central computer both to its checkout scanner and to the ESLs that display pricing information at the shelf edge. This provides price integrity between the shelf edge and the POS scanners. ShelfNet uses spread spectrum RF technology, which is the most widely used method of wireless communication in retail today.