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QueryObject Reverse Stock Split Effective
Trading Symbol to Change from QUOB to QOSC, Effective Today
ROSLYN HEIGHTS, N.Y.--(BUSINESS WIRE)--Jan. 31, 2000--QueryObject Systems Corporation (OTC: QUOB;
BSE:QOB) announced that it has received approval from the Secretary of State of Delaware for an amendment of the
company's Certificate of Incorporation to effectuate a one-for-three reverse stock split approved at last week's special meeting
of stockholders. This will be effective with the beginning of trading today, at which time the Company's OTC Bulletin Board
trading symbol, in accordance with OTC Bulletin Board regulations, will change. Effective today the company's common stock
will trade under the new symbol QOSC.
"We are pleased to be able to inaugurate our revised capital structure under this new symbol," said Robert Thompson,
Chairman and Chief Executive. "It stands for QueryObject Systems Corporation, and is an important step in building brand
consistency as we execute our mission to establish the QueryObject(TM) trade mark as the leading analytical data source for
Internet business applications."
The company's Boston Stock Exchange symbol will remain QOB.
About the QueryObject System(R)
The QueryObject System allows data intensive organizations such as telecommunications, healthcare and insurance, or financial
services companies to achieve competitive advantage by analyzing more data ...in more detail ...more quickly...over the
Internet, or within other corporate environments.
The system easily transforms large volumes of business data into a compact, highly distributable data mart - a QueryObject -
that can then be analyzed using industry standard tools and techniques. Where other technologies build subject-specific data
marts whose limited content, fixed schema, moderate dimensionality and high levels of aggregation make them suitable for single
user-classes and single applications, the QueryObject's high content, polymorphic schema, and high dimensionality permits
multiple user classes to access granular level data in support of multiple applications across the extended enterprise. This
enables more efficient data deployment with a reduction in administrative overhead.
The QueryObject is the first true Information Age data structure, optimized for data access and distribution over the Internet.
Where most databases were designed for client-server transaction processing, the QueryObject is architected for Internet data
analysis. Its industry-leading design permits large amounts of source data to be efficiently stored as a densely compressed
loss-less mass, while a unique polynomial index provides instant random access to both the cross-dimensional totals and - via
match keys - to the supporting transaction level data. The benefits are fast consistent analysis of large data volumes and
concurrent support of a large user population.
The QueryObject Engine, which transforms production, warehouse or legacy data into QueryObjects, runs on Mainframe,
UNIX and Windows NT servers, allowing organizations to save time by processing the data directly on the platform on which
it is stored.
The QueryObject Server, running on UNIX or Windows NT, provides open end-user access to the QueryObject data marts.
Support for industry data access standards - JDBC, ODBC and OLE/DB - mean that the QueryObject Server provides a
powerful analytical back-end to most Business Intelligence tools, increasing their scalability, query speed and ability to support
many concurrent users. QueryObject Server is available as a WEB Edition for Internet Business Intelligence; Enterprise Edition
for client-server deployments; and Personal Edition for stand-alone and mobile computing.
For organizations that want to extend data analysis capabilities beyond their traditional BI communities the QueryObject(TM)
Analyzer Server (Unix, NT, Linux) compliments QueryObject server strengths by providing web-based users with FREE
down-loadable access to a multi-dimensional Java client that turns their standard browsers into a flexible, intuitive, analytical
client. QueryObject Analyzer empowers the extended enterprise to make better decisions based on easy inexpensive access to
all the relevant data.
About QueryObject Systems Corporation
QueryObject Systems Corporation is a publicly held company headquartered in Roslyn Heights, New York with a European
distribution subsidiary headquartered in Reading, the United Kingdom. Its products are available worldwide through a network
of authorized distributors.
internetQueryObject Corporation (iQO.com) is a wholly owned subsidiary of QueryObject Systems Corporation specializing
in analytical applications for e-commerce.
For more information about QueryObject Systems Corporation and its technologies, or iQO.com, visit the Web sites at
queryobject.com and iqo.com.
Odd. Not trading at all today.
Jack |
