Veronex Technologies Inc. (VXTK) Message Board

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Microcap & Penny Stocks : Veronex Technologies Inc. (VXTK)

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To: TEDennis who wrote (298)	4/9/1998 11:55:00 PM
From: Jeffrey S. Mitchell	Read Replies (2) of 684

TED, here's the history of I\|Nova as told by CEO David Hite on the Yahoo board: ===== The I\|Nova System is not new. Tom Price originally conceived the idea for the I\|Nova System some 20 years ago when he wrote what is known as Pro-IV. The fourth generation language used in Pro-IV was acquired by McDonnell Douglas in its subsidiary Micro Data and was re-named ALL. Pro-IV was used by C.Ioh and General Automation. Veronex has acquired the fifth gereration language product re-named the I\|Nova System. The product was originally called M-5 and was owned by ProMax Conceptual Strategies, Inc. Veronex acquired ProMax and the exclusive rights to the software. The first installation of the M-5 System was at JPL in 1988 as a proof of concept. You can think of Veronex as having a product which is as tested as the spreadsheet program offered by Lotus 123 when it started. The original spreadsheet was known as Visicalc. Veronex's I\|Nova System is actually an engineering and re-engineering software system which was designed to fix or replace old legacy source code software systems. One of the re-engineering features of the I\|Nova System is that it can repair any part of the legacy source code, including the date field. The I\|Nova System uses field expansion or windowing to repair the Y2k problem. The best fix for the Y2k problem is field expansion. David Hite messages.yahoo.com ===== I wonder if ProMax Conceptual Strategies sold it for $2.5M. I can't find any reference to them anywhere on the net. - Jeff

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