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Technology Stocks : EMC How high can it go? -- Ignore unavailable to you. Want to Upgrade?

To: TraderEd who wrote (3397)	12/18/1998 1:30:00 PM
From: Jerryco	Respond to of 17183

Subj: COPE Group and EMC Corporation Enter Distributor Agreement Date: 12/18/98 1:20:57 PM Eastern Standard Time From: AOL News BCC: JerryCo COPE Group and EMC Corporation Enter Distributor Agreement LOS ANGELES, Dec. 18 /PRNewswire/ -- COPE, Inc. (OTC Bulletin Board: COPE) today announced that it has entered a non-exclusive distributor agreement with EMC Corporation (NYSE: EMC), the world's leading provider of enterprise storage systems, software and services. Under the terms of the agreement, COPE will resell EMC Enterprise Storage systems and software in COPE's three key business territories: Germany, Switzerland and Austria. The enterprise data storage and security industry has experienced rapid growth in recent years due to significant increases in the amount of electronically stored data. COPE believes that rapid growth will continue due to several factors, including the continuing development of more powerful computers, increasing bandwidth of computer networks, rapid growth of data-intensive applications and the growth of Internet-based computing. COPE intends to expand its strong Central-European role as data storage service, consulting and solution provider through cooperative and distribution arrangements with the industry's leading providers of enterprise storage systems and software, such as EMC. EMC solutions store, retrieve, manage, protect and share information from all major computing environments, including UNIX, Windows NT and mainframe platforms. "Our established customer base in the financial and industrial market place, as well as our access to the mid-sized companies in Central Europe, combined with EMC's industry-leading products, should add tremendous value to our customers," stated Stephan Isenschmid, CEO and President of COPE. COPE intends to implement EMC's products in the high-end data storage solutions it designs, installs and maintains. About COPE Founded in 1991, COPE is a Swiss-based provider of data storage consulting services and complete solutions. With its main corporate offices located in Switzerland, this Delaware corporation also conducts business in Germany and Austria. For further information about COPE and its storage solutions, please refer to COPE's corporate website, which can be accessed at copegroup.com. For further information, please contact Silvi Steiner in Switzerland at +41-41-798 33 33 or Kevin DeVito in the U.S. at 310/372-7718. This press release contains forward-looking statements for purposes of the Securities Act of 1933 and the Securities Exchange Act of 1934. These statements are based on the Company's beliefs as well as assumptions made by and information currently available to the Company. Such statements are subject to certain risks, uncertainties and assumptions, which are identified and described in the Company's Proxy Statement/Prospectus dated August 20, 1998 and Quarterly Report on Form 10-QSB for the period ended September 30, 1998 filed with the Securities and Exchange Commission. Readers are encouraged to review the SEC filings for a more complete discussion of the risks and uncertainties. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results will vary materially from those anticipated, estimated, or projected and the variations may be material. SOURCE COPE, Inc. CO: COPE, Inc.; EMC Corporation ST: California, Germany, Switzerland, Austria IN: CPR SU: LIC 12/18/98 13:20 EST prnewswire.com To edit your profile, go to keyword NewsProfiles. For all of today's news, go to keyword News.