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Gold/Mining/Energy : ORIOLE SYSTEMS (OOL:VSE)

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To: Stew who wrote (65)5/13/1998 12:40:00 PM
From: Mr Metals  Read Replies (1) of 605
 
TORONTO, ONTARIO--
International Business Machines U.S. (IBM) has
approved Oriole Systems Inc.'s
subsidiary, DYAD Systems Inc. (DYAD) to be a
development partner. DYAD's
flagship application, known as the
PowerTouch-Financial Management System was
developed by DYAD for enterprise wide, budget-
driven, government
organizations. Utilizing IBM's innovative San
Francisco framework DYAD will
re-engineer PowerTouch-FM to maintain its
competitive edge and pursue
additional business opportunities in the public
sector.

IBM's San Francisco project is designed to
revolutionize business application
development. The project is based on the concept
of extendible business
process components, which are written in the
Java programming language. The
structure and architecture of San Francisco
allows businesses to leverage IT
assets and integrate with many existing business
systems. It will be of
special interest to those organizations looking for
Internet-enabled, secure,
scaleable software solutions.

IBM will supply sales and marketing support
through the Solution Developer
Program. Joint marketing activities include
prospecting, joint sales calls,
IBM references to PowerTouch FMS in its
application catalogues, and use of
IBM's software products and facilities.

An IBM San Francisco consultant will support the
DYAD team for the duration
of the project with timing for a beta version of the
developed application to
be delivered to an end-user by late 1998.

Frank Stama, DYAD's U.S. based vice-president
stated: "This partnership with
IBM is a software company's dream. Not only
will we have marketing support,
but we have an exciting opportunity to move
light-years ahead of our
competition in rapidly meeting the IT needs of
our current customers and
targeted markets".

Oriole Systems Inc. through its subsidiary DYAD
Systems Inc., is a provider
of innovative software and support services to
government and private
business in Canada and the US, through offices in
Vancouver, Toronto, Calgary
and Bedford, New Hampshire.

Mr Metals
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