NEWS RELEASE FROM VERONEX
VERONEX EXPANDS INTERNATIONAL SALES TEAM
IRVINE, CALIFORNIA - May 17, 1999 - The Board of Directors of Veronex Technologies, Inc. ("VERONEX") (OTCBB:VXTK) today announced the appointment of Hiroyuki Ochi as Director of International Sales.
Mr. Ochi, a graduate of the University of California Los Angeles, brings more than 30 years experience in software engineering and international business, having made strong contributions at various U. S. and Japanese firms. Mr. Ochi's thorough knowledge and experience in both the U. S. and Japan in the areas of marketing strategy, sales strategy and other international business activities will greatly assist Veronex as it expands the distribution of its I|Nova System into the Japanese and Asian markets.
Mr. Ochi is a leading Year 2000 expert in Japan and has published numerous articles on the Y2k computer problem. Some of his articles can be read at www.y2kjapan.com/ Mr. Ochi has established regional distributors, promoted and sold Viasoft products in Japan and other Asian countries increasing Viasoft's customer base from 4 to over 50 customers. Mr. Ochi has also represented Fujitsu, Hitachi, NEC, Toshiba, Sharp, Matsushita and NTT Data in the areas of marketing and strategic planning.
"Mr. Ochi has been following our technology for some time and the fact that he is willing to join the company is the best evidence that the Veronex's I|Nova System technology, which offers not only an automated Y2k solution but also the option of re-engineering applications where the original source code can not be located, offers the best Y2k solution option at this time ." said Veronex President, Thomas J. Price.
Mr. Price went on to state, " The I|Nova System is a new technology which takes the well known Rapid Application Development (RAD) concept to the next level and permits application development to be performed at the business process or policy and procedure level of an enterprise. The unique I|Nova approach is based on the development of "dynamic business templates" which encompasses "how" the enterprise operates. I|Nova then uses these business templates for developing software applications using a template building process."
Veronex Technologies, Inc (OTC-BB:VXTK) designs, develops, licenses and supports computer software products for complete enterprise wide management application development and implementation. The Company's I|Nova System is a fully integrated business application development, modernization and migration tool-set for competitive, innovative and flexible business systems solutions.
VERONEX developed the I|Nova System as a software tool-set for modernizing, migrating and developing mainframe applications. The I|Nova System is a new concept for application development, deployment and management that enables software developers and maintenance staff to save time and optimize quality through effective reuse of common functions. This reuse is achieved with a library of functional modules and a run-time system. I|Nova's unique technology is code-less, self-documenting, portable and cost effective and has been ITAA *2000 Certified. The I|Nova System includes the proprietary DataCentric Analyzer which is an automated Y2k solution tool. Veronex is awaiting patent approval for the DataCentric Analyzer.
SAFE HARBOR STATEMENT
This statement includes forward-looking information as that term is defined in the Private Security Litigation Reform Act of 1995, and therefore, is subject to certain risks and uncertainties. There can be no assurance that actual results, business conditions, business developments, losses and contingencies and local and foreign factors will not differ materially from those suggested in the forward looking statements as a result of various factors, including market conditions, competition, advances in technology, and other factors.
For more information please contact:
Veronex Technologies, Inc. at it web site at www.veronex.com or call David A. Wooldridge at (949) 253-9600 or FAX (949) 253-9677 |
