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Ameri100 Awarded Approximately $1 Million S/4HANA Implementation Contract
[November 27, 2019]

Ameri100 Awarded Approximately $1 Million S/4HANA Implementation Contract


ATLANTA, Nov. 27, 2019 (GLOBE NEWSWIRE) -- AMERI Holdings, Inc. (NASDAQ: AMRH) (“Ameri100” or the “Company”), a specialized SAP® cloud, digital and enterprise solutions company, announced today that it has been selected as the implementation partner for an SAP S/4HANA greenfield deployment running in the SAP HANA Enterprise Cloud by a midstream oil and gas company. Ameri100 was awarded the approximate $1.0 million contract by the customer based on the Company’s proven track record for S/4HANA implementations and expertise in digital transformation. The project will be utilizing SAP best practices as a baseline configuration across their financial, production planning, plant maintenance and warehouse management functional areas.

“The implementation of SAP S/4HANA will deliver to the customer an agile, flexible and best in class ERP environment that modernizes its business processes and advances its overall digital transformation,” stated Ameri100 Chief Executive Officer Brent Kelton. “As enterprises migrate to SAP S/4HANA and other high-demand SAP solutions, we are uniquely positioned to benefit from this secular trend as the only largely SAP solutions-focused, publicly-traded IT services company in the U.S.”

About Ameri100
Ameri100 is a fast-growing specialized SAP® cloud, digital and enterprise solutions company which provides SAP® services to customers worldwide. Headquartered in Suwanee, Georgia, Ameri100 has offices in the U.S. and Canada. The Company also has global delivery centers in India. With its bespoke engagement model, the Company delivers transformational value t its clients across industry verticals. For further information, visit www.ameri100.com



Forward-Looking Statements
This press release includes forward-looking statements that relate to the business and expected future events or future performance of Ameri100 and involve known and unknown risks, uncertainties and other factors that may cause its actual results, levels of activity, performance or achievements to differ materially from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Words such as, but not limited to, "believe," "expect," "anticipate," "estimate," "intend," "plan," "targets," "likely," "will," "would," "could," and similar expressions or phrases identify forward-looking statements. Forward-looking statements include, but are not limited to, statements about Ameri100's financial and growth projections as well as statements concerning our plans, predictions, estimates, strategies, intentions, beliefs and other information concerning our business and the markets in which we operate. The future performance of Ameri100 may be adversely affected by the following risks and uncertainties: the level of market demand for our services, the highly-competitive market for the types of services that we offer, market conditions that could cause our customers to reduce their spending for our services, our ability to create, acquire and build new businesses and to grow our existing businesses, our ability to attract and retain qualified personnel, currency fluctuations and market conditions around the world, and other risks not specifically mentioned herein but those that are common to industry. For a more detailed discussion of these factors and risks, investors should review Ameri100's reports on Form 10-K and other reports filed with the Securities and Exchange Commission (the “SEC”), which can be accessed through the SEC's website. Forward-looking statements in this press release are based on management's beliefs and opinions at the time the statements are made. All forward-looking statements are qualified in their entirety by this cautionary statement, and Ameri100 undertakes no duty to update this information to reflect future events, information or circumstances.

Corporate Contact:
Barry Kostiner, Chief Financial Officer
IR@ameri100.com


Investor Relations Contact:
Sanjay M. Hurry
LHA Investor Relations
(212) 838-3777
IR@ameri100.com

 

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