Vertica Called "Microcap Jewel in the OTC-BB Haystack" in Report by Microcap-Review
AUSTIN, Texas--(BUSINESS WIRE)--May 7, 2002--
Research Report Issues Buy Rating for Leading
Online Environmental Compliance Solutions Company
Vertica Software Inc. (OTCBB:VERI), an innovator in Web-based solutions for environmental compliance with hazardous materials and waste announces today that Microcap Review has initiated coverage of the company and issued a "buy" recommendation. To view the full report and complete disclaimer, please visit Microcap Review's website at www.microcap-review.com.
"We are pleased with the research the team at Microcap Review did and the report they have issued on Vertica," says William F. Mason, interim President and CEO of Vertica Software, Inc. "I think this report is a clear indication of what we have been hearing for a while now -- that Vertica appears to be turning a corner and that the technology we have worked so hard to perfect really does have tremendous potential. I am excited about the progress we have made, the clear focus we have on the tasks at hand and the outlook for the future of this company."
Vertica Software is a company that is transitioning from the research & development stage to the revenue stage. The company has taken steps lately to focus primarily on aggressively marketing its revolutionary line of ASP compliance solutions that enable companies to more efficiently and cost effectively track and protect the hazardous materials they store and transport. These web-based solutions reduce costs and manpower needed for companies to stay in full compliance with strict government regulations as well as make it harder for hazardous materials to fall into the hands of terrorists.
The potential market for the company's products is huge and very widespread. According to a report by The Office of Hazardous Materials Safety (10/98), more than 8.6 million tons of hazardous materials are shipped in 800,000 separate shipments per day in the U.S.
About Vertica
Vertica Software produces Hazweb with iComply(TM) regulatory compliance solutions and Web enabling technologies for the hazardous materials and hazardous waste industries. The company targets a wide variety of companies and organization with its products, including oil
gas, chemical, petrochemical, hazardous waste, transportation and governmental agencies and municipal bodies. For product information, please visit the company's website at www.vertica.com, which is tied to its environmental web portal, www.hazweb.com. Hazweb was designed to serve the needs of companies and individuals that produce, use, process, transport or dispose of all types hazardous materials. The site provides news, information and application services that help address the environmental concerns hazardous materials professionals. "Safe Harbor" Statement Under the Private Securities Litigation Reform Act of 1995: The statements contained in this press release which are not historical facts are forward-looking statements that involve certain risks and uncertainties including but not limited to risks associated with uncertainty of future financial results, additional financing requirements, development of new products, marketing success, government approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties in the Companies' filings with the Securities and Exchange Commission. 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. The Company cautions potential investors not to place undue reliance on any such forward-looking statements.
CONTACT:
Vertica Software, Inc.
William Mason, 512/322-3900 |
