Vertica Sends Letter to Shareholders
Vertica Sends Letter to Shareholders
Business Editors/High-Tech Writers
HOUSTON--(BUSINESS WIRE)--June 10, 2002--Vertica Software Inc.
(OTCBB:VERI) sent out letters to shareholders to inform everyone on
the current status and focus of Vertica Software as we continue to
move forward.
Recently, VERI successfully relocated their corporate offices from
California to Austin, Texas. Mr. William Mason, president and CEO,
states, "This move will bring VERI closer to a higher concentration of
our prospective clients, while interfacing with the high-tech industry
and the government. VERI has begun the process of assembling an
experienced management and marketing team with professional technical
support personnel. And, we have already begun early round talks with
potential partners, resellers and customers.
The letter states that we are all aware of the dangers since the
September 11 tragedy, because the misuse of hazardous materials has
been identified as a major threat to national security. Vertica's
software is designed to monitor and safeguard more than 8.6 million
tons of hazardous materials that are transported in 800,000 separate
shipments every day all across the United States.
In addition to the traditional applications for environmental
compliance (industry, transportation, etc.), the Environmental
Protection Agency (EPA) and the Department of Transportation (DOT) are
endorsing and encouraging the use of Environmental Management Systems
(EMS), such as those developed by Vertica. Recently, the DOT announced
donating $20 million to ten universities to focus on the
transportation of chemical and hazardous materials.
Mr. Mason continues that "Vertica is engaging and integrating
public relations campaigns that include an enhancing shareholder
relations program. Vertica is serious about getting the word out to
the investment community and as we continue to make progress, we will
release all news to investors, which the shareholder letter includes."
This release includes forward-looking statements made pursuant to
the safe harbour provision on the Private Securities Litigation Reform
Act of 1995. Any such forward-looking statements may involve risks and
uncertainties that could cause actual results to differ materially
from any future results encompassed with the forward-looking
statements. Factors that could cause or contribute to such differences
include those matters disclosed in the company's Securities and
Exchange Commission filings.
--30--EB/ho*
CONTACT: Del Mar Capital
Candace Walls, 281/532-2989
KEYWORD: TEXAS
INDUSTRY KEYWORD: CHEMICALS/PLASTICS COMPUTERS/ELECTRONICS
ENVIRONMENT GOVERNMENT SOFTWARE
SOURCE: Vertica Software Inc. |
