Alert!!!!!!!!!!!!!!!!!!!!
One of the Year 2000 bug company(OOL) mentions in Investor's Digest
on March 27, 98 issue is on a move today and I sure hope MLU will
be the next one to move. Talked with mlu today about Year 2000
contract, they will make an announcement regarding that sometime later next month. MLU email: info@2001.ca Phone:416-360-6450
I think MLU is a better play so watch out.
Oriole Systems Inc -
Potential Breakout Situation
Oriole Systems Inc
OOL
Shares issued 20740597
1998-04-08 close $0.34
Wednesday Apr 8 1998
The Gold & Growth Investment Review
709 - 744 West Hastings Street
Vancouver, B.C., Canada V6C 1A5
Tel: (604) 682-5123; Fax: (604) 684-3920
April 08, 1998
Toronto Based Oriole Systems Inc.
Potential Breakout Situation
dyadsys.ca
Everything in the stock market business is timing when investing in growth stocks. One must
not forget, of course, the quality of the management and growth prospects of a company.
The company we recommend you check out immediately is Toronto based Oriole Systems Inc
- OOL-V. Oriole is a company in a breakout mode. This well established profitable ($3
million in sales) company is a mainframe software developer and support company.
On Feb. 19/98, the company announced its proposed intention to acquire an Ottawa based
software consulting firm. The two firms, together, will double their sales to $6 million plus. This
acquisition will give the company significant opportunity in Year 2000 (Y2K) compliance
work.
Logic 2000, the company in question, helped to write "The Business and Government Survival
Guide", a publication providing government and business executives with information on the
Year 2000 crisis. Logic 2000 is a world class company in dealing with this potentially
catastrophic problem.
Other acquisitions of private software firms will soon be in the works. The product revenue
forecast is to do $13 million in sales by 1999.
Just released in the April 10, 1998 edition of Investor's Digest, voted the world's leading
investment newsletter, is an accumulate recommendation by Phil Speller, who is president of
PWS Associates, Thornhill, Ontario. Mr. Speller wrote the following:
Another junior equity that currently appears to have no
friends, but warrants accumulation, is computer software
maker Oriole Systems Inc (OOL-VSE, $0.28, 416-512-7000).
The company is awaiting completion of a $3 million to
$5 million financing.
Oriole's software is used mainly by public sector health-care
providers and manufacturing and distribution companies.
Present customers include two Ontario provincial ministries:
Culture, Tourism and Recreation and Environment and Energy;
the Toronto Board of Education, the Toronto Public School Board
Purchasing and Warehousing Cooperative and the Metropolitan
Toronto Home Care Program.
Revenues for the nine months ended September 30, 1997 were
$2.1 million, with net income of $171,000 up 70 per cent from
the first nine months of 1996.
Already profitable
With sales for the full year of about $3.0 million and 20.7 million
shares outstanding, the market capitalization of under two times
sales is remarkably low for a company in this field.
The acquisition of Logic 2000 Inc., a professional services firm
of Year 2000 specialists, should double revenues over the next year.
With the company already profitable, unlike most of its peers, OOL
is an intriguing speculation.
The company's website address is dyadsys.ca and our toll free telephone number
is 1-800-433-8381 (Robert A. Young and Associates). Our email address is
hconley@msn.com. We are consultants to the company.
The above is for informational purposes only. The information is believed to be correct but its
accuracy or completeness cannot be guaranteed.
NEWS RELEASE
February 19, 1998
Oriole Systems Inc. (VSE:OOL) to Double Revenue
With Proposed Acquisition of Logic 2000 Inc.
TORONTO, ONTARIO - Toronto based ORIOLE SYSTEMS INC. (VSE 00L)
announced today that a letter of intent has been signed to acquire LOGIC 2000 Inc., an
Ottawa based professional services consulting firm for Cd.$3 Million. This acquisition, which
would double Oriole's revenue, will be financed over two years through the issuance of a
debenture convertible to Oriole shares at $.50/share for one half of Logic 2000 and the right
to pay cash for the balance. The agreement is subject to the approval of the directors of both
companies, regulatory authorities, and an independent professional appraisal confirming the $3
million valuation.
Logic 2000 Inc. consists of two divisions, Business Solutions and Network Solutions.
President, Don Powell, will continue in his role and assume responsibility for coordinating the
complimentary assets of both companies.
Logic 2000 Inc. was part of the combined effort of a group of Year 2000 specialists featured
in "The Business and Government Survival Guide" a publication providing government and
business executives with information on the Year 2000 crisis.
Oriole's main subsidiary, DYAD Systems Inc., recently released PowerTouch 2000 FMS
version 5.2. It is one of the most comprehensive suites of enterprise-wide financial
management tools available for government. Dyad also provides products for the health care,
distribution and manufacturing markets. Technology platforms for programming, business
intelligence, networking, database and project management from companies such as Cognos,
Oracle, Microsoft and the LGS Group Inc. are common to both organizations. Each has
developed long-term alliances with their key business partners and has separate,
complimentary Public and Private Sector clients and sources of revenue.
Ben Harrison, Vice-chairman of Oriole Systems stated: "Our planned acquisition of Logic
2000 is another important move to fulfill our long term strategic growth plans to become a
leader in the fast growing business of information technology. Our focus includes the
multi-billion dollar government, health care, manufacturing and distribution sectors. We will be
uniquely positioned to provide innovative value-based solutions for our current and future
customers as they face their enterprise resource planning and Year 2000 challenges."
All interested parties, including shareholders and potential investors are urged to visit our
Internet Home Page at dyadsys.ca for a series of announcements about ongoing
developments.
The Vancouver Stock Exchange has not reviewed and does not accept responsibility for the
accuracy of this news release.
Background information on Oriole Systems Inc is available from:
Cybercom Marketing & Communications Inc.
Telephone: 416/483-8660, Facsimile: 416/483-7937
mailto:cybercom@inforamp.net
You may visit Oriole Systems Inc on their World Wide Web site at:
dyadsys.ca
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