Press Release Jan 7/99:
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Thursday January 7, 6:07 am Eastern Time
Company Press Release
Oriole Sells Intranet Software to Large U.S. Multinational
VANCOUVER, BRITISH COLUMBIA--GTE Internetworking of Cambridge, Mass., a division of GTE Corporation (NYSE:GTE - news;
GTE-NYSE), one of the largest telecommunications companies in the world, has ordered the NCompass Labs Resolution™ product from
DYAD Systems Inc., a w holly-owned subsidiary of Oriole Systems Inc.
Oriole and its subsidiaries specialize in enterprise-wide software. As a development partner of IBM's SanFrancisco Project, Oriole has been
converting all of its software for the Intranet/Internet environment. Al Gerenser, President of Oriole, believes
that the future for enterprise-wide software lies with web-based technologies such as Resolution and that IBM's SanFrancisco strategy will take
it "first to market".
GTE Internetworking's parent GTE Corporation provides local telephone and wireless services in 29 states and long-distance service and
Internet access in all 50 states. GTE provides government and defense communications systems and equipment, aircraft p assenger
telecommunications and directories and telecommunication based directory services. The company has a market capitalization of $61 billion.
NCompass Labs is a private company start-up funded in part by Intel, Royal Bank Capital Corp, Venture West and the Walden Fund. The
Resolution product is a state-of-the-art visual authoring and web content management system.
The first installation of Resolution will be used on web servers nationwide to create and maintain multiple web sites for one of GTE
Internetworking's largest clients.
According to Frank Stama, V.P. of Oriole Systems, ''We expect that this will be the first of a series of orders that will implement this technology
within GTE Internetworking. This could be a very substantial monetary relationship.
This news release may contain forward looking statements considered genuine by the author and are based upon the author's experience and
knowledge. However, the outcome will ultimately be determined by forces of which the author may have little or no ab ility to affect. Any forward
looking statements should not be considered guarantees of results.
More Quotes
and News:
GTE Corp (NYSE:GTE - news)
Oriole Systems Inc (Vancouver:OOL.V - news)
Related News Categories: computers, telecom
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Nov 23/98 Press Release:
November 23, 1998
Oriole's Nova Scotia Facility
to Develop Internet Enabled Financial
Management Information Technology
TORONTO, ONT. November 23, 1998: Oriole Systems Inc. (VSE-OOL) announced today that its acquisition of RS2000
Systems Inc., of Bedford, Nova Scotia has been completed subject to anticipated Board and Regulatory approval.
Oriole, through its wholly owned subsidiary, DYAD Systems Inc., is a Development Partner within IBM's much heralded
SanFrancisco Project. The company is adapting its PowerTouch FM Financial Management Information Software to operate
within the SanFrancisco framework and plans to shift much of the development activity to the Halifax area office. Oriole is
optimistic that a beta test partner will soon be announced, opening the door to an Oriole/IBM co-marketing initiative to large
business and government organizations.
Al Gerenser, Oriole's founder stated. ”We are reluctant to project revenues from the IBM SanFrancisco initiatives, but the
potential is staggering. We are positioned at the leading edge of new development within the exploding world of Internet
technology. IBM's SanFrancisco architecture is a revolutionary web enabling concept that will impact all future application
developments, allowing even a small company like Oriole to be a player in the major leagues”.
A Multi-Billion Dollar Market: Enterprise-wide software alone is a $10 billion dollar market dominated by four companies: SAP,
Oracle, Peoplesoft and Baan. The smallest of these has a cap value of $9 billion. Enterprise software products are designed to
help other companies do business over the Internet. It uses the Internet as the plumbing behind E-commerce. Sales in this
lucrative area could triple to $30 billion by 2001 (Reuters).
Nova Scotia Location Makes Good Business Sense: Business Services employment in the Halifax Region, fueled by solid
performance in the management and computer consulting services sector has doubled during the past ten years. This growth
has encouraged numerous other high tech companies to either start new ventures or expand existing operations. Nova Scotia
universities and community colleges have been supporting this growth with graduates from their computer studies programs,
several of whom are currently playing an important role in ongoing product development and customer activities at Oriole's
Toronto head office. From Oriole's perspective, the Nova Scotia location will not only be a major step in fulfilling planned
‘National Company' objectives, but its proximity to their US Office in New Hampshire will facilitate marketing synergy.
Oriole Systems Inc. is a Canadian developer of application software solutions specializing in government, health care,
manufacturing and distribution systems. Formed in 1984, Oriole has marketing and sales support representation in Vancouver,
Calgary and Toronto, with a US headquarters in Bedford, New Hampshire.
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The Vancouver Stock Exchange
has not reviewed and does not accept responsibility for the accuracy of this news release.
For additional information, you may contact us via: brade@inforamp.net or phone our Toronto office at 416-512-7000. Please
ask for Al Gerenser.
Information on Oriole Systems Inc. (VSE:OOL) is available from:
The North American Centre
200 - 5700 Yonge Street
Toronto, Ont., Canada, M2M 4K2
Tel: (416) 512-7000
Fax: (416) 512-7766
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Looks good to me. But what do I know!? Only what I read in the newspaper and in PR's.
Cheers,
Don |
