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News Alert from PR Newswire via Quote.com
Topic: (NASDAQ:OMGA) ,
Quote.com News Item #5875103
Headline: Omega Research Announces Release Of New Product
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Enters Into 10-Year Product Development Alliance With RINA Systems
To Offer State-of-the-Art Portfolio and Performance Evaluation Software
MIAMI, March 24 /PRNewswire/ -- Omega Research, Inc. (NASDAQ:OMGA) today
announced the release of its newest product, Portfolio Maximizer 4.0.
Portfolio Maximizer 4.0 (the next generation of the product which was formerly
marketed by RINA Systems as Portfolio Evaluator 2.5) is used to evaluate,
quickly and efficiently, and in a multitude of ways, trading systems developed
with the Company's TradeStation(R) or SuperCharts(R) products. The product
enables an unlimited number of trading system or market performance reports to
be combined in a single portfolio report, and offers dozens of analytical
tools and charts that critique the strengths and weaknesses in the performance
of an investor's portfolio.
Futures Magazine, in its January 1998 review, gave the product its highest
rating, stating that, "Portfolio Evaluator 2.5 is a fine piece of software
within its own genre, with a host of unique and value-added features and with
an easy-to-use interface." Stocks & Commodities Magazine's December 1997
review stated that, "Portfolio Evaluator provides information you can't get
elsewhere about the results to be expected from the combinations of trading
systems" and further stated that, "From a technical viewpoint, Portfolio
Evaluator gives you full analysis of trading system performance."
Bill Cruz, Co-CEO, Omega Research, commented, "Portfolio Maximizer 4.0 is
a powerful performance analysis tool that should be very popular with
investors who use trading systems developed with Omega Research products. We
are delighted that RINA Systems, which we believe has the best retail
portfolio and performance evaluation software on the market, has committed its
talented development team to partner with Omega Research for the foreseeable
future."
Portfolio Maximizer 4.0 is the first in what is expected to be a line of
innovative portfolio and performance evaluation software products to be
offered by Omega Research. The release of Portfolio Maximizer 4.0 is part of
a ten-year, exclusive agreement with RINA Systems, Inc. to co-develop such
products with the Company. Portfolio Maximizer 4.0 is expected to begin
shipping within the next two weeks.
Leo Zamansky, Ph.D., President, RINA Systems, added, "We are very excited
about joining forces with Omega Research to develop cutting-edge portfolio and
performance evaluation software technology. Omega Research not only offers
state-of-the-art, innovative investment analysis applications, but has given
our industry a powerful and flexible software platform which maximizes the
usefulness of other analysis software products, such as Portfolio Maximizer.
We plan to work hard with Omega Research's development team to produce over
the years many other powerful and valuable performance analysis tools that
will enhance the ability of investors to optimize their trading systems and
strategies using Omega Research products."
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).
This press release contains statements that are forward-looking and are
made pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. When used in this press release, the words
"believes," "estimates," "plans," "expects," "intends," "anticipates," "may,"
"prospect" and similar expressions as they relate to the Company or its
management are intended to identify forward-looking statements. The
statements in this press release regarding expected performance and new and
future product releases are based on current expectations and beliefs
concerning future events that are subject to risks and uncertainties. Actual
results may differ materially from the results suggested herein. Factors that
may cause or contribute to such differences and impact future events include,
but are not limited to, the Company meeting its timetable for the development
of new products, customer acceptance of such new products, the Company's
ability to market effectively such new products, the introduction of
competitive products in the market, changes in conditions in the financial
markets, and the Company's ability to attract and retain high-quality product
development personnel and to continue its relationship with RINA Systems, as
well as those discussed in the Company's filings with the Securities and
Exchange Commission including the risk factors set forth in the Company's
Prospectus dated September 30, 1997.
Visit the Omega Research web site at http://www.omegaresearch.com .
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