TO: ALL
SLCTY is for real. It reportedly will become an SEC reporting company.
Courtesy of Raging Bull thread:
>>>>>>
Raging SLCTY Links
By: LUCKYJ6
Reply To: 104 by sagesteps
Saturday, 19 Jun 1999 at 10:47 PM EDT
Post # of 107
TO: ALL
Folks, SLCTY is very much a part of the new purchase deal that was struck recently. SLCTY may, in fact, or theory, be about ready to pick up some steam. I think this baby has got something going for it!
Notice the first word below, "SELECT'S"......That's Select Software, OTC:BB, SLCTY. .
"SELECT's product line, coupled with Princeton Softech's eData
distribution and management technologies, will enable customers
to quickly and cost-effectively move into the eDimension," states
Joe Allegra, president of Princeton Softech. "Building new
eBusiness applications is essential for companies who want to
gain a competitive edge while reducing costs and generating new
sources of revenue."
(Voluntary Disclosure: Position- Long; ST Rating- Strong Buy; LT Rating- Strong Buy)<<<<<<
>>>>>>
Friday, 18 Jun 1999 at 8:40 PM EDT
Post # of 107
I'm with you, my friend. I was told today by someone that did not wish for me to quote him that
he thought SLCTY would become a full reporting. I hope so.
TO: ALL
I am a little confused. Can anyone tell me what the below PR means to SLCTY? If Princeton
bought out everything that SLCTY owned, does that leave SLCTY a shell? A partner? Or will
there be a name change to something else.
Yeah, I know this is long. But, I would very much appreciate an interpretation of what is
happening with SLCTY. I know that they are no longer on NASDAQ. But are on the
NASDAQ:BB. For right now anyway.
God Bless and Take Care of Yourselves
>>>>>>
Company Press Release
Princeton Softech Acquires SELECT Product Family
eBusiness Solutions Are Strengthened by Move into Component-Based
Development Products
PRINCETON, N.J.--(BUSINESS WIRE)--June 1, 1999--Princeton Softech, a subsidiary of
Computer Horizons Corp. (Nasdaq: CHRZ - news), has purchased substantially all of the
assets of SELECT Software Tools plc (Nasdaq: SLCTY - news), including all of the software
assets and intellectual property rights associated with the Select software products.
This move positions Princeton Softech as a market leader of Object-Oriented,
Component-Based Development products for enterprises developing and implementing
Java and C++ eBusiness applications.
''SELECT's product line, coupled with Princeton Softech's eData distribution and
management technologies, will enable customers to quickly and cost-effectively move into
the eDimension,'' states Joe Allegra, president of Princeton Softech. ''Building new
eBusiness applications is essential for companies who want to gain a competitive edge
while reducing costs and
generating new sources of revenue.''
''What is often unrecognized is that the decision to embrace Java, C++ or the Internet is also
a de-facto decision to enter the Object-Oriented world of Component-Based Development,''
explains Steve Gerrard, Princeton Softech's vice president of Strategic Planning. ''This new
world is very different from traditional IT development and SELECT's products are
recognized
by industry analysts as the leading and most innovative Component-Based Development
technology.''
''We are very pleased with this agreement for several reasons,'' confirms Bernard Fisher,
CEO of SELECT Software Tools. ''First, our customers can have confidence in the long-term
viability of the products they have purchased from Select; second, Princeton Softech's proven
software distribution channel will expand the presence of these products in the marketplace;
and
third, Princeton Softech brings financial backing and stability to the current software
development and support efforts. An added dimension is Computer Horizons' ability to offer
eBusiness consulting services on a scale that far surpasses what SELECT has been able to
accomplish by itself.''
Princeton Softech is fully committed to the continued development of SELECT's
leading-edge products, and will continue R&D ctivities at SELECT's current home office in
Cheltenham, England, which Princeton Softech has acquired in the underlying transaction.
The SELECT product line includes SELECT Reverser(TM) for PeopleTools®, a data
modeling tool for
PeopleSoft applications, and SELECT Component Factory(TM), comprised of SELECT
Enterprise®, SELECT SE(TM), and
SELECT Component Manager(TM).
With more than 3,000 customers in over 30 countries, Princeton Softech's and Computer
Horizons' clients comprise some of the world's largest IT organizations. As these companies
strive to keep pace and surpass the competition by launching eBusiness projects that will
open new markets, they will need application development tools that are industrial-strength
and
scalable, which is precisely the strength of the SELECT technology that has been acquired
by Princeton Softech.
Princeton Softech, a subsidiary of Computer Horizons Corp., (www.princetonsoftech.com),
delivers software products for developing and deploying strategic enterprise applications.
The company pioneered the concept of eData and leads the marketplace in eData
distribution and management technologies. Our best-of-breed management tools facilitate
web enablement, eBusiness application development, data movement, data migration and
application testing. The company's tools are in use by over 1,700 of the world's largest
companies in 30 countries.
Computer Horizons Corp. is a strategic IT services supplier with over 4,100 billable
consultants and 50 offices worldwide. The Company enables its Global 1000 customer base
to realize competitive advantages though enterprise application solutions, eBusiness,
customized Web development and Web enablement of strategic application portfolios.
Specific offerings include
Customer Relationship Management (CRM), eBusiness, network services, ERP, strategic
outsourcing and managed resourcing, as well as a best-of-breed selection of software and
relational database products. For more information on Computer Horizons, please visit our
Web site at computerhorizons.com.
This press release includes certain ''forward-looking statements'' for purposes of the ''safe
harbor'' provisions of the Private Securities Litigation Reform Act of 1995 that involves risks
and uncertainties that could cause actual results to differ materially. Such statements are
based upon, among other things, assumptions made by, and information currently available
to,
management, including management's own knowledge and assessment of Computer
Horizons' industry and competition.
Contact:
Princeton Softech, Inc.
Roger Sparks/Steve Gerrard
609/688-5000 or 800/457-7060
info@princetonsoftech.com
or
Total Marketing Concepts, Inc.
Maureen Miller, 732/747-5786
MaureenMiller@compuserve.com
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