SmartForecasts to Help EYE Lighting Improve Inventory Planning and Management

Belmont, Mass., June 13, 2006 - Smart Software, Inc., provider of industry-leading demand forecasting, planning and inventory optimization solutions, today announced that EYE Lighting International of North America, Inc. has purchased its flagship product, SmartForecasts®.  EYE Lighting will use SmartForecasts to improve inventory management and help provide higher service levels for its customers.  The company, which is located near Cleveland, Ohio, manufactures and distributes state-of-the-art High Intensity Discharge and Halogen lighting products to serve commercial, industrial, utility, and retail markets worldwide.  It is a business unit of Iwasaki Electric Co. Ltd., a $675 million, publicly traded corporation headquartered in Tokyo, Japan.

Forecasts produced by SmartForecasts are being used by marketing and forecasting personnel at EYE Lighting to analyze the company's demand patterns, as well as plan inventory levels that are appropriate to meet future customer orders.  SmartForecasts provides a method to easily import EYE Lighting's demand history and facilitates the interdepartmental sharing of system forecast results.  This permits the marketing department, for example, to receive system forecasts and then adjust them to reflect changing field marketing conditions.  Besides laying the basis for a sound consensus forecast, SmartForecasts also provides EYE Lighting with accurate estimates of inventory stocking level requirements to satisfy any specified lead time and service level combination.

"At EYE Lighting, we pride ourselves on providing our customers with high quality HID and Halogen lighting products at high service levels.  Our job is to make sure we have the right products at the right time to meet demand," said Robert Petti, Manager of Procurement and Forecasting at EYE Lighting.  "Things that were difficult to do in the past, like evaluation of historical data, are much more easily accomplished since we installed SmartForecasts this past October.  We've learned that much of our demand is a real challenge to predict, and SmartForecasts allows us to understand demand patterns better and more quickly, which then allows us to correctly plan our inventories to accommodate the demand volatility."

About Smart Software, Inc.
Founded in 1984, Smart Software, Inc. is a leader in providing businesses with enterprise-wide demand forecasting, planning and inventory optimization solutions.  Smart Software's flagship product, SmartForecasts, has thousands of users worldwide, including customers at mid-market enterprises and Fortune 500 companies, such as Monsanto, Mitsubishi, Siemens, Disney, Pfizer, GE and The Coca-Cola Company.  SmartForecasts gives demand planners the tools to handle sales seasonality, promotions, new and aging products, multi-dimensional hierarchies, and intermittently demanded service parts and capital goods items.  It also provides inventory managers with accurate estimates of the minimum inventory and safety stock required to meet future orders, thereby ensuring the most cost-effective inventory allocation to achieve desired service levels.  Smart Software is headquartered in Belmont, Massachusetts and can be found on the World Wide Web at www.smartcorp.com.

SmartForecasts is a registered trademark of Smart Software, Inc.  All other trademarks are the property of their respective owners.

For more information, please contact Smart Software, Inc., Four Hill Road, Belmont, MA 02478.
Phone: 1-800-SMART-99 (800-762-7899); FAX: 1-617-489-2748; E-mail: info@smartcorp.com

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