20-20 Technologies Subsidiary Renamed

Osnabrueck, Germany — MBI 20-20 Technologies GmbH, a wholly owned subsidiary of Canadian-based computer software supplier 20-20 Technologies Inc., has been renamed 20-20 Technologies GmbH, the company announced.

Headquartered in Osnabrueck, Germany, 20-20 Technologies GmbH will operate as 20-20’s Central and Eastern Europe region, said the publicly-traded 20-20, which manufactures computer-aided design, specification, sales, marketing, engineering and manufacturing software for the kitchen/bath, interior design and furniture industries.

“The acquisition of MBI by 20-20 Technologies was very well received by MBI customers,” said Lorenz Weber, managing director operations for 20 20 Technologies GmbH. “In completing the integration of the products from 20-20 and the former MBI, we can offer an expanded product solutions package to our customers.”

“20-20 Technologies has made significant progress with the integration of recent acquisitions,” added Jean Mignault, founder and CEO of 20-20 Technologies. “Our focus on promoting our unique end-to-end solution and expanded product offering in new geographic markets to both retailers and manufacturers remains on track.”