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Topic: (NASDAQ:OMGA) ,
Headline: Omega Research Announces Addition of Christos M. Cotsakos, CEO of
E*TRADE, and Brian Douglas Smith, Former President Of Data Broadcasting
Corporation, to Company's Board of Directors
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MIAMI, Jan. 7 /PRNewswire/ -- Omega Research, Inc. (NASDAQ:OMGA) announced
today that Christos M. Cotsakos and Brian Douglas Smith have agreed to
become members of the Company's Board of Directors.
Christos M. Cotsakos has, since March of 1996, served as President, Chief
Executive Officer and a director of E*TRADE Group, Inc. Prior to joining
E*TRADE, he served as President, Co-Chief Executive Officer, Chief
Operating Officer and a director of A.C. Nielson, Inc. (March 1995 to
January 1996), President and Chief Executive Officer of Nielson
International (September 1993 to March 1995) and as President and Chief
Operating Officer of Nielson Europe, Middle East and Africa (March 1992 to
September 1993). Mr. Cotsakos joined Nielson after 19 years with Federal
Express Corporation (1973-1992), where he held a number of senior executive
positions both in the United States and Europe, including vice president
and general manager for Europe, Africa and the Near East from 1988 to March
1992. Mr. Cotsakos also currently serves as a director of Forte' Software,
Inc., National Processing, Inc., Fourth Communications Network and Datacard
Corporation. Mr. Cotsakos's directorship will be effective January 9, 1998.
Brian Douglas Smith, from January 1990 until 1996, served as President of
Data Broadcasting Corporation (DBC), the leading provider of real-time
financial market data services to the individual investor market. Prior to
becoming President, Mr. Smith, since 1983, held several key positions with
DBC and its predecessor companies. Prior to that, Mr. Smith worked for 13
years for General Electric Company in engineering, sales and management
positions, and for Texas Instruments in engineering. Mr. Smith also served
as Chief Executive Officer of Mobile Broadcasting Corp., a wireless
communications company, from December 1996 to December 1997. Mr. Smith's
directorship became effective December 15, 1997.
Bill Cruz, Omega Research's Co-CEO and President, commented, "We are
delighted by the addition of Christos Cotsakos and Doug Smith to the
Company's Board. This demonstrates our commitment to obtain the best
available advice and input from our Board. Both are proven leaders who
possess a wealth of experience, expertise and accomplishments from which
Omega Research will benefit." Ralph Cruz, Omega Research's Co-CEO, added,
"Each of Mr. Cotsakos and Mr. Smith have substantial experience and
knowledge in industries which are relevant to our Company's business and
future. We believe that both of them will make valuable contributions to
the development and implementation of our Company's vision and business
strategies."
Mr. Cotsakos will also chair the audit committee of the Board, which
includes Mr. Smith and Salomon Sredni, the Company's Chief Financial
Officer and Vice President of Operations. Mr. Smith will chair the
compensation committee of the Board, which is comprised of Mr. Smith and
Mr. Cotsakos.
Founded in 1982, and headquartered in Miami, Florida, Omega Research, Inc.
is a leading provider of real-time investment analysis software for the
Windows operating system. With the 1991 release of its flagship product,
TradeStation(R), the Company pioneered the concept of utilizing the power
of the personal computer to enable investors to historically test the
profitability of their own investment strategies and then computer-automate
those strategies to generate real-time buy and sell signals. Omega
Research's other principal products are OptionStation(R) and
SuperCharts(R).
SOURCE Omega Research, Inc.
-0- 1/7/98
/CONTACT: Salomon Sredni, Vice President of Operations and Chief Financial
Officer, Omega Research, 305-551-9991/
--
Bob Fulks
bfulks@xxxxxxxxxxxx
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