Jeff,
are you the person in WSJ on 3/17 ...
PQT...news:
Thursday March 18, 8:18 am Eastern Time
Company Press Release
Omega Research Announces Marketing Alliance With
Wall Street Access
TradeStation(R) 2000i, OptionStation(R) 2000i, RadarScreen(tm) 2000i
and Omega Research ProSuite(tm) 2000i To Interface With Wall Street
Access Electronic Order Placement Services
MIAMI--(BUSINESS WIRE)--March 18, 1999-- Omega Research, Inc.
(Nasdaq:OMGA - news) announced today a comprehensive marketing alliance with Wall Street Access, the privately-held,
New York-based, NYSE member brokerage that provides online and personal brokerage services to the serious investor. The
marketing alliance has several aspects.
Investors using any of Omega Research's 2000i investment software products will see Wall Street Access as a menu choice
within those products to place trades. Specifically, if the investor right-mouse-clicks on a chart or quote window for a stock (or
other security), a place trade menu will appear with a selection of online brokerages to choose from. By then clicking on a
particular online brokerage on the menu, the online order form of that brokerage is instantly accessed through the Internet. Wall
Street Access and E*TRADE (Nasdaq: EGRP - news) currently appear as choices in the ''place trade'' menu of Omega
Research's 2000i investment software products, and the Company plans to add additional online brokerage firms in the coming
months. The Company currently plans to charge a flat monthly fee to brokerage firms that are included.
Wall Street Access will also sponsor Omega Research's product and user education seminars. These seminars provide
in-depth explanations and demonstrations concerning the use and benefits of Omega Research investment analysis software.
Omega Research intends to conduct more than 800 of these seminars during 1999 in over 60 cities around the United States.
Omega Research's products will also be promoted in Wall Street Access's television, print and direct response advertising, and
on its web site, and Wall Street Access will conduct promotions under which it will offer to pay its brokerage service clients
part or all of the cost of Omega Research software products obtained by them.
Marc J. Stone, Vice President of Corporate Development, Omega Research, commented, ''We believe that excellent
synergies exist between Wall Street Access and Omega Research. We both target the serious, active investor who is seeking to
obtain those products and services that will help him or her make and then execute better investment decisions.''
Eric Alexander, Managing Director, Wall Street Access, added, ''Wall Street Access caters to serious, active traders who can
benefit tremendously from Omega Research's award-winning, state-of-the-art investment analysis software products. Through
our alliance with Omega Research, we are continuing our commitment to meeting the needs of serious investors by providing
them with the investment industry's top technology products. We feel confident that the serious traders now using Omega
Research products will also benefit from the reliable, top-of-the-line brokerage services Wall Street Access offers.''
Omega Research's 2000i line of software products is compatible with the following real-time Internet and broadcast data
services: Data Broadcasting Corporation's (Nasdaq:DBCC - news) Signal Online (Internet), StockEdge Online (Internet),
InSite (Internet), DBC Signal (Broadcast) and BMI (Broadcast); Data Transmission Network Corporation's (Nasdaq: DTLN
- news) DTN Real Time and DTNstant (Broadcast); and PC Quote, Inc.'s (Amex:PQT - news) Hyperfeed(tm) (Internet and
Broadcast). Agreements are also in place to add, later this year, as compatible real-time data services, FutureSource
Information Systems, Inc.'s MDS network and stand-alone datafeeds, and Standard & Poor's ComStock's Xpressfeed(tm).
Founded in 1982, and headquartered in Miami, Florida, Omega Research is a leading provider of real-time investment analysis
software for the Windows operating system. With the 1991 release of its flagship product, TradeStation, Omega Research
pioneered the concept of utilizing the power of the personal computer to enable investors to historically test the profitability of
their own investment strategies and then computer-automate those strategies to generate real-time buy and sell signals. Omega
Research's other principal products are OptionStation®, RadarScreen(tm), Omega Research ProSuite(tm) and SuperCharts®.
This press release contains statements that are forward looking and are made pursuant to the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995. When used in this press release, the words ''believes,'' ''estimates,'' ''plans,''
''expects,'' ''intends,'' ''anticipates,'' ''may,'' ''should,'' ''prospect'' and similar expressions as they relate to Omega Research
or its management are intended to identify forward-looking statements. The statements in this press release regarding expected
technical compatibility between Omega Research software and online brokerages, and expected market appeal and customer
acceptance thereof, and the number of seminars expected during 1999, are based on current expectations and beliefs
concerning future events that are subject to risks and uncertainties. Actual results may differ materially from the results
suggested herein and from the results historically experienced. Factors that may cause or contribute to such differences and
impact future events include, but are not limited to, customer acceptance of Omega Research's 2000i line of products,
unfavorable critical reviews of Omega Research's 2000i line of products, Omega Research's ability to market effectively
Omega Research's 2000i line of products, the introduction of competitive products in the market or increased customer
acceptance of recently-introduced competitive products, technical difficulties or errors in Omega Research's 2000i line of
products, Omega Research's and online brokerages' ability to develop and maintain technical compatibility between Omega
Research's software and online electronic brokerage services, customer acceptance of Omega Research's 2000i line of
products as used with electronic brokerage services, the ability of Omega Research to successfully enter into arrangements with
additional online brokerages for the integration of Omega Research's products with such brokerages' online services, the
ongoing success, costs, and cost-efficiencies of conducting the seminars and the continuing sponsorship thereof, as well as
those discussed in Omega Research's press releases and filings with the Securities and Exchange Commission, including but not
limited to Omega Research's December 31, 1997 Annual Report on Form 10-K.
Visit the Omega Research web site at www.omegaresearch.com
NOTE TO EDITORS: There is an ''asterisk'' between the letter E and the word TRADE in the company name E*TRADE,
this symbol may not appear in some systems.
Contact:
Omega Research, Inc., Miami
Salomon Sredni, Vice President of Operations
and Chief Financial Officer
305/485-7000
or
Wall Street Access, New York
Eric Alexander
212/709-9805
alexande@wsaccess.com |
