AFS Technologies, Inc. Acquires Distribution Management Systems, Inc.

PHOENIX, AZ - AFS Technologies, Inc., a leading provider of software solutions to the food industry, announced on April 3, 2006 that it had completed the acquisition of Distribution Management Systems, Inc., a Milford, CT-based provider of software solutions to the food and beverage industries, for cash and stock. With the acquisition, AFS now serves over 230 customers, will employ over 100 professionals, and will be headquartered in Phoenix, with an east coast office in Milford, CT and a development facility in Bangalore, India.
        "Our vision is to build a company that will become the premier software solutions provider to the food and beverage industries; and the acquisition of DMS clearly provides the scale needed, and will position AFS firmly on that path," said Walter Barandiaran, Chairman of AFS and a Managing Partner of Argentum.