QOSC.OB Closed at $10 up +2 3/4 or 37%!!!!!
biz.yahoo.com
Wednesday February 9, 12:20 pm Eastern Time
Company Press Release
REPEAT/QueryObject Partners With Axis Consulting On Web-based Reporting Solutions
Axis Consulting to Resell Queryobject System for Telecom Reporting
ROSLYN HEIGHTS, N.Y.--(BUSINESS WIRE)--Feb. 9, 2000--QueryObject Systems Corporation©(OTC: QOSC; BSE: QOB) today announced that it is partnering with Axis Consulting of Springfield, New Jersey to provide web-based ad-hoc reporting solutions to large telecommunications and financial companies. Under the terms of the partnership agreement, Axis Consulting will actively resell and integrate the QueryObject System© with its suite of other technology including Actuate Reporting Systems. This association between QueryObject Systems and Axis Consulting will provide Fortune 500 clients an efficient, cost-effective solution by giving them the ability to rapidly analyze extensive amounts of business data.
``Our strategic partnership with QueryObject Systems will enable us to provide even more powerful internet-based solutions to our Fortune 500 clients by allowing them to rapidly access and analyze volumes of business data beyond the reach of other tools,' said Al Hughes, a Principal of Axis Consulting. ``The QueryObject System facilitates both the rapid development of robust Business Intelligence data structures and easy enterprise-wide deployment of the answers via its Analyzer multidimensional data browser. When integrated with our other web based business intelligence offerings, we can significantly reduce the effort required to deploy web-based Business Intelligence and reporting solution.'
``Axis is a key business relationship for QueryObject System,' said CEO Robert Thompson. ``They bring an excellent understanding of the power of Business Intelligence and well established consulting relationships with key companies in both our Telecommunications and Financial Services verticals. We consider their endorsement of the QueryObject System as the ad hoc query system of choice for web-based installations, to be high praise indeed.'
About the QueryObject System©
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 Axis Consulting
Axis Consulting, headquartered in New Jersey, provides consulting services related to the architecture, design and implementation of Business Intelligence solutions. Axis has developed Business Intelligence solutions on an enterprise-wide basis, providing architecture, integrating training and development services for Enterprise Reporting, Data Warehouses/Data Marts, OLAP, Data Exchange and Transformation and Web-based Intra/Internet Applications.
Inquiries regarding Axis Consulting and its services can be directed to info@axisconsulting.com or by calling 908-508-0872.
For more information about Axis Consulting, visit the Web site at axisconsulting.com
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.
QueryObject, QueryObject Analyzer, internetQueryObject, iQO, and iQO.com are trademarks of QueryObject Systems Corporation. QueryObject System is a registered trademark of QueryObject Systems Corporation. All other trademarks and registered trademarks referenced in this document are the property of their respective holders.
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created hereby. Investors are cautioned that all forward-looking statements involve risks and uncertainty, including without limitation, the Company's development as a software products company, and the ability of certain partnerships to aid in that growth; the capability of the company's products to perform as optimized analytical data marts; and the ability of the company's products to support the performance of other business intelligence tools. Although the Company believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by the Company or any other person that the objectives and plans of the Company will be achieved.
Reiterated this PR. Can't understand it this late at night.
Jack |
