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Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW) -- Ignore unavailable to you. Want to Upgrade?

To: Stock Watcher who wrote (14577)	9/8/1999 1:31:00 PM
From: davedb	Respond to of 52051

There is a strong MSFT affiliation there-----pretty exciting stuff, the achilles heel is bandwidth. Hope she goes db

To: Stock Watcher who wrote (14577)	9/8/1999 1:33:00 PM
From: Francois Goelo	Respond to of 52051

S.W, Veronex Announces Earnings; Veronex Announces First Quarter Profits... Quarterly earnings of 47 cents/share for a $4.50 stock?.... IRVINE, Calif., Sept. 7 /PRNewswire/ -- The Board of Directors of VERONEX TECHNOLOGIES, INC. (''Veronex'') (OTC Bulletin Board: VXTK - news) today announced the results of operations for the first quarter of its fiscal year 2000. Veronex reported net income of $3,679,000 ($0.47 per share) for the three months ended May 31, 1999, as compared to a net income of $1,249,000 ($0.18 per share) for the three months ended May 31, 1998, on revenues of $5,000,000 and $2,083,000 respectively. Veronex structures its strategic alliance licensing agreements with an initial licensing fee plus a revenue sharing feature. Veronex has announced several additional strategic alliances which are each expected to generate revenues and cash flow in the future. The I\|Nova System offers unique features which distinguish it as the best of breed solution for enterprise wide business application software problems created by outdated legacy source code based systems. ''As Y2K compliance efforts to date enter the final phase of testing and verification of the applications and complete system, Veronex anticipates massive systems failures because the 'complete system' was not made Y2K compliant,'' commented David A. Hite, Chairman. ''The I\|Nova System's re-engineering capabilities offer these businesses experiencing system failures the best opportunity to solve their systems problems and avoid what might become catastrophic business interruptions and/or complete failure and ultimately bankruptcy.'' ABOUT VERONEX Veronex Technologies, Inc. (''Veronex'') (OTC Bulletin Board: VXTK - news) 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 business functions. This reuse is achieved through a library of standard common business functional modules in a single run-time program (application manager) that reads and executes an application template. This unique template driven process does not require any knowledge of programming, is self-documenting, portable and extremely cost effective when developing and maintaining business applications. 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 its web site at www.veronex.com or call David A. Wooldridge at (949) 253-9600 or FAX (949) 253-9677.