02/22 09:14 Omega Research Launches TradeStation 2000i, OptionStation 2000i
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Omega Research Launches TradeStation 2000i, OptionStation 2000i and Omega Research ProSuite 2000i; Company Will Begin Taking Orders Today
MIAMI--(BUSINESS WIRE)--Feb. 22, 1999--Omega Research, Inc. (Nasdaq:OMGA) announced today the official launch of its next generation of premium products, TradeStation(R) 2000i, OptionStation(R) 2000i, Omega Research ProSuite(tm)--Standard Edition (an integrated suite that includes TradeStation 2000i and OptionStation 2000i) and Omega Research ProSuite(tm) 2000i--Platinum Edition (an integrated suite that includes TradeStation 2000i, OptionStation 2000i and the Company's brand-new real-time scanning product, RadarScreen(tm) 2000i). The Company expects to begin marketing RadarScreen 2000i as a separate product, in addition to marketing it as part of Omega Research ProSuite 2000i--Platinum Edition, in the 1999 second quarter. The Company is offering Omega Research ProSuite--Standard Edition only to existing TradeStation, OptionStation and ProSuite customers.
The first orders from both existing customers seeking upgrades and new customers are expected to be taken today by the Company's sales force and through the electronic commerce pages of the Company's website. Due primarily to anticipated strong demand for upgrades, the Company expects a significant number of product back-orders starting today. The Company expects to begin shipping later this week.
Bill Cruz, Co-Chairman and Co-CEO, Omega Research, commented, "This release is a major milestone for Omega Research that has taken 2 1/2 years to achieve. I believe that our customers will deeply appreciate the substantial time and effort we have devoted to these products. We believe that the releases incorporate important technological advancements, significant new functionality, and embrace the Internet."
Omega Research's 2000i line of software products is compatible with the following real-time Internet and broadcast data services: Data Broadcasting Corporation's (Nasdaq:DBCC) Signal Online (Internet), StockEdge Online (Internet), InSite (Internet), DBC Signal (Broadcast) and BMI (Broadcast); Data Transmission Network Corporation's (Nasdaq:DTLN) DTN Real Time and DTNstant (Broadcast); and PC Quote, Inc.'s (AMEX:PQT) Hyperfeed(tm) (Internet and Broadcast). An agreement is also in place to add, later this year, as a compatible real-time data service, Standard & Poor's ComStock's Xpressfeed(tm).
Founded in 1982, and headquartered in Miami, Florida, Omega Research, Inc. is a leading provider of real-time investment analysis software for the Windows operating system. With the 1991 release of its flagship product, TradeStation(R), the Company pioneered the concept of utilizing the power of the personal computer to enable investors to historically test the profitability of their own investment strategies and then computer-automate those strategies to generate real-time buy and sell signals. Omega Research's other principal products are OptionStation(R), RadarScreen(tm), Omega Research ProSuite(tm) and SuperCharts(R).
This press release contains statements that are forward looking and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "believes," "estimates," "plans," "expects," "intends," "anticipates," "may," "should," "prospect," "looking forward" and similar expressions as they relate to Omega Research or its management are intended to identify forward-looking statements. The statements in this press release regarding the expected release of RadarScreen as a separate product during the second quarter of 1999, the anticipated strong demand for upgrades, expected dates of shipment, and the quality and performance capabilities of the Company's next generation of products and expected customer appeal, acceptance and demand, and the statements concerning technical compatibility and/or expected technical compatibility with various data feeds, are based on current expectations and beliefs concerning future events that are subject to risks and uncertainties. Actual results may differ materially from the results suggested herein and from the results historically experienced. Factors that may cause or contribute to such differences and impact future events include, but are not limited to, Omega Research meeting its timetable for the anticipated release of RadarScreen as a separate product for technical or other reasons, customer acceptance of the next generation of products, technical difficulties or errors in the next generation of products, unfavorable critical reviews of the next generation of products, Omega Research's ability to market effectively and in a timely manner the next generation of products, the introduction of competitive products in the market or increased customer acceptance of recently-introduced competitive products, product manufacturing delays, the current and future viability of the Internet as an effective delivery method for streaming real-time financial market data and various other issues and risks related to expected Internet technology and development, and consumer acceptance thereof and comfort therewith, the ability of Omega Research and the various data vendors to complete development of and/or maintain the requisite technical compatibility between Omega Research's software and the respective data services (and the quality and customer acceptance of such combined offerings), the ability of Omega Research to enter into suitable arrangements with online brokerages and of Omega Research and such brokerages to complete the required technical interfaces, the quality of Omega Research's website for electronic commerce and the extent of technical errors or difficulties in or with the website, as well as those discussed in Omega Research's press releases and filings with the Securities and Exchange Commission including, but not limited to, Omega Research's December 31, 1997 Annual Report on Form 10-K.
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CONTACT: Omega Research Inc., Miami
Salomon Sredni
Vice President of Operations
and Chief Financial Officer
305/485-7000
Visit the Omega Research web site at:
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