To: wiley murray who wrote (23 ) 1/17/1999 9:54:00 PM From: robert b Read Replies (2) | Respond to of 222
Oriole Systems Inc OK here's one update to chew on ... Oriole sells intranet software to large U.S. multinational Oriole Systems Inc OOL Shares issued 20,740,597 Jan 5 close $0.34 Wed 6 Jan 99 News Release Mr. Al Gerenser reports, GTE Internetworking of Cambridge, Mass., a division of GTE Corporation (GTE-NYSE), one of the largest telecommunications companies in the world, has ordered the NCompass Labs Resolution TM product from DYAD Systems Inc., a wholly-owned subsidiary of Oriole Systems Inc. Oriole and its subsidiaries specialize in enterprise-wide software. As a development partner of IBM's San Francisco 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 passenger 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." For further information, please contact Marie Antoinette Shields (Market/Finance Development) at 604-681-6186. For inquiries of a technical nature, please contact Frank Stama at 1-603-472-4828 or contact Robert A. Young and Associates (corporate development consultants) at 1-800-433-8381. The Vancouver Stock Exchange has not reviewed and does not accept responsibility for the accuracy of this news release. 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 ability to affect. Any forward looking statements should not be considered guarantees of results.