SWINGLINE STAPLES DOWN COSTS AND PUNCHES OUT THE COMPETITION WITH ARAS PLM

Workspace Productivity Leader Accelerates Product Launches and Coordinates Global Supply Chain with Aras PLM
LAWRENCE, Mass.  - January 17, 2004 – Aras Corporation, a provider of practical Product Lifecycle Management (PLM) solutions for performance driven manufacturers, today announced that Swingline®, the leader in workspace productivity and a business unit of ACCO Brands, Inc., will deploy Aras PLM to automate their engineering change control, document management and corrective action processes. Swingline provides an award-winning line of staplers and punch products for the business, home and mobile office including the Jam-Free Optima™ Stapler, Speedgrip™ Electric Stapler and Light Touch Heavy Duty Punch.

“Our market is increasingly dynamic and competition continues to intensify so we needed a PLM solution that is both affordable and flexible enough to easily adapt to the conditions,” said Bruce Neapole, President of Swingline. “Aras PLM provides the type of practical business solution that drives our strategic competitive advantage.”

Swingline will automate business processes critical to new product development and brand introduction providing dashboard visibility into the portfolio of ongoing projects. Browser-based progress reports are displayed in a single screen. Status details are based on roll-ups that provide the ability to drill down to the deliverables to take action. The capability to communicate specifications worldwide in a secure format over the Internet drives down costs and reduces cycle times while protecting competitive company information.

“The flexibility of Aras PLM means we automate our own proprietary competitive practices and can easily change the solution to take advantage of new opportunities in the market,” said John Lewis, Vice President Operations at Swingline. “Aras PLM gives us the ability to assure our stringent quality levels in a cost effective manner by coordinating our new product introductions and international operations as we scale up production volumes.”

Aras PLM includes business ready solutions with unmatched flexibility providing customers with the ability to modify applications without programming for quick deployments that deliver rapid results at a significantly lower Total Cost of Ownership than conventional PLM systems.

“After an extensive review of PLM solutions, Aras is the only one who met our business requirements and our financial objectives,” Todd King, Director, Performance Excellence at ACCO Brands. “Aras’ unique combination of functionality and flexibility allows us to implement a superior solution globally in days rather than months.”

“Swingline’s reputation as a market leader is reflected in their proactive management approach,” said Rick Lucier, CEO of Aras Corporation. “We look forward to supporting Swingline as they continue to profitably grow their market share.”

About Swingline®
Swingline, a business unit of ACCO Brands, Inc., is a leading brand in workspace tools for the business, home and mobile office. It manufacturers such award-winning products as the Comfort Grip Stapler, Performance Pro Stapler and Light Touch Heavy Duty Punch. For more information, visit http://www.swingline.com

About ACCO Brands
ACCO Brands is a subsidiary of ACCO World Corp., one of the world's leading office products manufacturers and the office products business of Fortune Brands Inc. (NYSE: FO), the consumer products company. Headquartered in Lincolnshire, Ill., with operations in the United States, Canada and Mexico, ACCO Brands manufactures and markets the category-leading brands of ACCO, Swingline, Day-Timer, Kensington, Wilson Jones, MACO, Perma, Apollo and Boone through office products superstores, mass retailers, mail order and business-to-business channels. For more information, visit http://www.accobrands.com

About Aras Corporation
Aras Corporation provides practical, affordable Product Lifecycle Management (PLM) business ready solutions for performance driven manufacturers. Visibility and actionable metrics focus resources on continuous improvement and value-added operations. The underlying Aras Innovator™ application framework is a next generation model-based, service oriented architecture that enables customers to deploy solutions quickly and adapt easily without programming delivering a Total Cost of Ownership far lower than conventional enterprise systems. Customers include CNT, Rolls-Royce, Freudenberg-NOK, and the U.S. Army. Aras is headquartered in Lawrence, Mass. For additional information call [978] 794-7643 or visit www.aras.com




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