BITS... close 2 1/32...book value 2.50... cash 2.29...float 3.4M...
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Monday February 1, 2:52 pm Eastern Time Company Press Release Bitstream Enters Into Multi-Million Dollar Licensing and Development Agreement with Atex Media Solutions, Inc. CAMBRIDGE, Mass.--(BUSINESS WIRE)--Feb. 1, 1999--Bitstream, Inc. (NASDAQ:BITS - news) today announced that it has entered into a long-term, multi-million dollar licensing and development arrangement with Atex Media Solutions of Bedford, Massachusetts, a leading software provider to the newspaper industry. Under this licensing and development agreement, Atex will fund further development of Bitstream NuDoc(tm), an advanced document composition technology, for incorporation into Atex's future newspaper software products, including its advertising and editorial applications.
''Atex's selection of Bitstream's NuDoc technology was based on the criteria of its forward-thinking, XML-based design and Bitstream's solid development team,'' said Larry Mihalchick, president and chief executive officer of Atex.
''There is no greater compliment than to have Bitstream's NuDoc technology selected by Atex, who has such demanding needs for, and experience in, composition technology,'' said Paul Trevithick, president of Bitstream, Inc.
About Bitstream
Bitstream, Inc., headquartered in Cambridge, Massachusetts, develops, markets and supports software technologies and applications for the graphics communication industry. Bitstream licenses text imaging and page layout technologies such as TrueDoc(r), NuDoc(tm), and Bitstream Jet(tm), to hundreds of industry leading independent software vendors and hardware manufacturers. Bitstream is also the developer of PageFlex(tm), an XML-based application for the dynamic publishing of customized documents. Complimenting these products, Bitstream markets a multi-lingual library of over 1,400 typefaces and offers customization services. For more information on Bitstream and its products, please visit the company on the World Wide Web at bitstream.com.
About Atex Media Solutions
Atex Media Solutions is a leading worldwide supplier of publishing systems for the collection, processing, management and distribution of information by newspapers. Atex Media Solutions, with headquarters in Bedford, Massachusetts, USA, has 20 offices worldwide in the United States, the United Kingdom, Germany, the Netherlands, Denmark, Finland, Norway, Sweden, Australia, New Zealand, Singapore and Thailand. More than 500 newspapers in over 50 countries are operating Atex Media Solutions products, including over 150 recent client/server installations worldwide. Atex Media Solutions products include: the industry-leading Enterprise advertising system which integrates all facets of advertising sales, production and management; Atex Classified Pagination; and DewarView and Prestige editorial systems. For further information regarding Atex Media Solutions and its full range of products and solutions for the publishing industry, visit atex.com.
Bitstream and TrueDoc are registered trademarks of Bitstream, Inc. All other trademarks mentioned are for identification purposes only and may be trademarks of their respective owners.
-------------------------------------------------------------------------------- Contact:
Bitstream, Inc Eric Pickett, 617/520-8348 epickett@bitstream.com or Anna M. Chagnon, 617/520-8619 Achagnon@bitstream.com |