Denholm Logistics Makes the Right Move with eDeveloper from Magic Software

Denholm Logistics Makes the Right Move with eDeveloper from Magic Software

Wednesday June 2, 6:00 am ET

BRACKNELL, England--(BUSINESS WIRE)--June 2, 2004 - Magic Software Enterprises (Nasdaq:MGIC - News), a leading provider of state-of-the-art business integration and development technology, announced today that U.K.-based Denholm Logistics Ltd. will upgrade and enhance their freight and haulage systems using eDeveloper 9.4, Magic Software's flagship application development environment. The project will enable Denholm Logistics to offer even higher levels of service to its wide range of international freight forwarding and road haulage clients through enhanced functionality and streamlined processes. It also positions Denholm Logistics to offer closer integration with third-party software systems.

"Magic Software has enabled us to very quickly advance our existing systems to keep us at the forefront of logistics technology and to include additional functionality that will further enhance the high-quality services we already provide to our customers," said Tom Brown, group IS manager, J. & J. Denholm Ltd. "The speed at which eDeveloper has enabled us to adapt and customize our logistics applications has been exceptional and we have been extremely impressed by the high quality of personnel that Magic assigned to this project."

"Once again we have been able to prove that when it comes to speed of development and functionality for logistics organizations -- eDeveloper wins hands down," said Regev Yativ, managing director, Magic EMEA. "Easy integration into internal and external business processes is seen as a critical step for improving customer service, achieving SLAs and reducing costs within the logistic industry and Denholm's new, enhanced systems will provide them with just that."

The new "Haulix" (haulage) and "Freightix" (freight forwarding) systems allow Denholm Logistics to quickly and easily integrate third-party applications into the system as well as providing enhanced capability to integrate direct with customer systems.

This will enable Denholm Logistics to streamline their operational business processes even further, providing additional cost savings. In addition, eDeveloper's speed and flexibility has now made it a main contender for other projects within the Denholm Group.

About Denholm Logistics
Denholm Logistics is part of the privately owned J. & J. Denholm Group (www.denholm-group.co.uk). Founded in 1866, the group has grown progressively and today has a turnover in excess of $280 million and employs more than 1,400 people around the world. Denholm Logistics provides a comprehensive portfolio of logistics services, including freight forwarding & management, liner agency, haulage, port agency, warehousing & stevedoring.

About Magic Software Enterprises
Magic Software Enterprises, a member of the Formula Group (Nasdaq:FORTY - News) develops, markets and supports software development, deployment and integration technology that enables enterprises to accelerate the process of building and deploying applications that can be rapidly customized and integrated with existing systems. Magic technology, applications and professional services are available through a global network of subsidiaries, distributors and Magic solutions partners in approximately 50 countries. The company's North American subsidiary is located at 17310 Redhill Avenue #270, Irvine, CA 92614-5637, telephone 800/345-6244, 949/250-1718, fax 949/250-7404, http://www.magicsoftware.com/.

Formula Systems is an international information technology company principally engaged, through its subsidiaries and affiliates, in providing software consulting services, developing proprietary software products, and producing computer-based solutions.

Except for the historical information contained herein, the matters discussed in this news release include forward-looking statements that may involve a number of risks and uncertainties. Actual results may vary significantly based upon a number of factors, including, but not limited to, risks in product and technology development, market acceptance of new products and continuing product conditions both here and abroad, release and sales of new products by strategic resellers and customers, and other risk factors detailed in the Company's most recent annual report and other filings with the Securities and Exchange Commission.

Contact:
Magic Software Enterprises Ltd.
David Leichner, 949-250-1718 ext. 299
Vice President, Worldwide Marketing
davidl@magicsoftware.com