Tuesday April 21, 4:28 pm Eastern Time
Company Press Release
Interactive Objects Commences Trading on Berlin Stock Exchange
REDMOND, Wash.--(BUSINESS WIRE)--April 21, 1998--Interactive Objects Inc., creators of modular software development tools and components, announced today the Company has been listed on Germany's Berlin stock exchange.
The Company's shares trade on the ''Third Market Segment'' of the Berlin Stock Exchange under the symbol ''IOX'' and German securities code WKN: 913011. Interactive Objects has been sponsored by Berliner Freiverkehr (Aktien) AG.
The Third Market Segment in Berlin is home to more than 1000 international and multinational companies including AT&T, Boeing, Dell, Eastman Kodak, Microsoft, Netscape, Sun Microsystems and Yahoo. ''Becoming a member of this distinguished group of companies provides us the opportunity to expand our brand recognition abroad while increasing the liquidity for our shareholder's stock,'' states Ryan Smith, CEO of Interactive Objects Inc.
Word of Interactive Objects listing on the German Exchange comes on the heals of the Company's recent announcement (April 17, 1998) of being awarded a $2 million software development contract by SAFECO Insurance Company of America. Under terms of the agreement, Interactive Objects will develop an enterprise-wide Internet information system for SAFECO, recognized as one of the largest diversified financial corporations in the United States with more than $27 billion in combined assets. ''We chose Interactive Objects because of the unique blending of technology and business expertise they had to offer,'' said Eric Gulotta, Assistant Vice-President of Information Systems for SAFECO. ''Their thorough understanding of Internet component-based application design, made our decision to partner with them very easy.''
About Interactive Objects
Interactive Objects Inc. (OTC BB:OBJX - news) develops and markets modular software development tools and components. These ActiveX tools enable Windows NT/95 programmers to develop or upgrade communications systems -- both intranet and Internet -- without spending an inordinate amount of time or money learning new systems and languages. A publicly traded company, Interactive Objects was founded by a pair of Microsoft veterans in 1995. Interactive Objects is headquartered at 17720 NE 65th Street, Suite 202, Redmond, WA 98052 USA. The company can be reached by telephone at 425/869-6338 and by fax at 425/869-1889. Interactive Objects is located on the Web at www.iobjects.com
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Certain information included in this communication (as well as information included in oral statements or other written statements made or to be made by Interactive Objects) contains statements that are forward-looking, such as statements relating to the future anticipated direction of the high technology industry, plans for future expansion, various business development activities, planned capital expenditures, future funding sources, anticipated sales growth and potential contracts. These forward statements are subject to a number of known and unknown risks and uncertainties that could cause actual operations or results to differ materially from those anticipated.
''Interactive Objects'' and the Interactive Objects logo are trademarks and service marks of Interactive Objects Inc. (the ''Company''). All other tradenames and trademarks appearing in this press release are the property of their respective holders. |