It's already getting it:-) I just hope it lasts.
Oriole Systems Inc
Partnership with IBM is a Software Company's Dream
Oriole Systems Inc OOL
Shares issued 20,740,597 May 11 close $0.44
Tue 12 May 98
The Gold and Growth Investment Review
Vancouver, B.C.
Partnership with IBM is a Software Company's Dream
Oriole Systems Inc. (VSE-OOL), a Toronto based application software
developer, marketer and maintenance firm announced May 12/98 an agreement
with International Business Machines U.S. (IBM) to be a development partner
utilizing its innovative "San Francisco" framework in developing a software
solution application to pursue business opportunities in the public sector.
This collaboration is with DYAD Systems Inc, a subsidiary of Oriole Systems
Inc.
Oriole Systems has expertise in the development of software for financial
management of budget driven government organizations.
I don't know how this will affect the market for the stock but I would
expect that you will want to move very quickly to research this quality
company. In simple terms, for a junior to have IBM as a partner on the
basis negotiated is "as good as it gets."
Before going further, let me quote most of the Oriole Systems news release
"Toronto, Ontario, May 12/1998".
"Oriole Systems Inc (VSE-OOL) Announces Agreement with IBM U.S. to to
Co-develop and Sell Powertough FMS"
"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." The main focus
will be to pursue business opportunities in the public sector."
"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."
Best Regards,
Robert A. Young
The company's website is
dyadsys.ca
and our toll free telephone number is 1-800-433-8381 or local 604-682-5123
(Robert A. Young and Associates).
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.
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