iRipple Announces Dividend

The Board of Directors of iRipple Inc. (PSE: RPL), has authorized the declaration of cash dividend of PhP0.15 (fifteen centavos) per share.

The Record Date for the dividend shall be March 2, 2011, and Payment Date shall be on or before March 28, 2011. The total amount of dividend payable is approximately PhP2.3 million.

About iRipple

iRipple is the developer of the Barter Merchandise Management Solution (MMS), a locally developed software solution designed to support the entire merchandising operations of businesses engaged in the buying and selling of goods. Barter MMS integrates point-of-sale (POS) transaction data with back-office business functions. In effect, the software can manage the complete retail process including supplier, product, customer and user profiles, as well as generate the corresponding business documents, reports and data analysis.

The company has also released Barter 8-Supermarket, considered the second generation of Barter. Barter 8-Supermarket is a software solution specifically designed and developed for the supermarket and department store market segments and is a pre-packaged MMS software that can be implemented across the entire range of supermarkets, department stores, and other retail outlets that carry a wide variety of merchandise, within a relatively short timeframe. In addition, iRipple is also an authorized reseller of IBM servers and POS equipment.

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