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FOR IMMEDIATE RELEASE

Forecasting Summit 2003 to be Held in Boston
Unique Annual Conference Brings Together Business Forecasting Professionals

Belmont, MA—June 23, 2003—Business Forecast Systems, Inc. (BFS) has announced that the Forecasting Summit 2003 will be held in Boston, Massachusetts on September 10-12, 2003. The conference, which brings together forecasters from a wide range of industries and disciplines to share experiences and learn about the latest developments in forecasting, is presented by BFS in cooperation with the International Institute of Forecasters.

The conference features a variety of session formats—seminars, workshops, tutorials, round tables, case studies, hands-on software sessions, practitioner presentations and open discussions—as well as social events to provide attendees the opportunity to network with other forecasting professionals. Forecasting practitioners from companies such as Heineken USA, Pfizer, Bell Canada and Imation Corporation will share their experiences and world-class experts from institutions including the Wharton School and the College of William and Mary will be speaking to practitioners about how to improve forecasting performance.

Among the topics to be covered at the conference are:

  • Forecasting market share;
  • Improving forecast accuracy;
  • Forecasting demand for new products and services;
  • Implementing a collaborative forecasting process; and
  • Presenting forecasts to management.
Two keynote addresses will be delivered at the conference. Dr. Nariman Behravesh, Chief Economist and Managing Director of Global Insight (formerly DRI-WEFA) will present “Peering Through the Fog: The Challenge of Forecasting in a Highly Uncertain World.” Dr. Robert Fildes, President of the International Institute of Forecasters will answer the question “Forecasters—What Makes Them Tick (Effectively)?

“We are pleased to be adding pre-conference workshops to the agenda at this year’s Forecasting Summit,” said Eric Stellwagen, vice president of BFS. “This new expanded format allows conference attendees to get in-depth instruction on key topics such as regression forecasting and trading partner collaboration (CPFR).”

Complete conference information including a detailed agenda and registration form can be found at www.forecasting-summit.com.

About Business Forecast Systems
Founded in 1986, Business Forecast Systems, Inc. (BFS), is the maker of Forecast Pro, the leading software solution for business forecasting, and is a premier provider of forecasting education. With more than 25,000 users worldwide, Forecast Pro helps thousands of companies improve planning, cut inventory costs and decrease stockouts by improving the accuracy of their forecasts. More than 3,000 forecasting professionals have attended BFS forecasting education events, including the annual Forecasting Summit, which is recognized as the premier conference for business forecasting professionals. For more information about Forecast Pro, visit www.forecastpro.com. For more information about the annual Forecasting Summit, visit www.forecasting-summit.com.

About the International Institute of Forecasters
The International Institute of Forecasters (IIF), a non-profit organization founded in 1981, has dedicated itself to developing, distributing and applying knowledge on forecasting. More information about the Institute, which has nearly 500 members, can be found at http://www.ms.ic.ac.uk/iif/index.htm.

Contact:
Holly Stanton
Marketing Director
Business Forecast Systems, Inc.
Phone: (617) 484-5050
Fax: (617) 484-9219
email: hstanton@forecastpro.com