|
PureBytes Links
Trading Reference Links
|
============================================================
News Alert from PR Newswire via Quote.com
Topic: (NASDAQ:OMGA) ,
Headline: Omega Research Announces Schedule For Release Of Next Versions Of
TradeStation(R) And OptionStation(R)
======================================================================
MIAMI, June 8 /PRNewswire/ -- Omega Research, Inc. (NASDAQ:OMGA)
announced today the following schedule for the release of the next versions of
its award-winning TradeStation and OptionStation products:
June 15-19: 5th Beta Release. Expected to include support for the
following data vendors: Signal, Signal Online (Internet
datafeed) and BMI.
July 30- Preview Release. Expected to include support for the
August 5: following data vendors: Signal, Signal Online
(Internet datafeed), BMI, DTN. Will be offered to
customers who are eager to take advantage of the new
products' enhanced functionality and do not require full
documentation or upgrade utility.
September 30- Official Release. Expected to include support for Signal,
October 31: Signal Online (Internet datafeed), BMI, DTN. Will include
full enhanced functionality, full documentation, and
upgrade utility for upgrade customers.
William Cruz, Co-Chairman, Co-CEO and President, Omega Research, stated,
"We are pleased with the progress that has been made in the development of
Version 5 of our platform. This release will represent the most significant
upgrade of our product platform since the introduction of TradeStation in
1991. The products include functionality that we believe will continue to
expand our platform, customer base and market. Both we and our customers have
high expectations for Version 5, and this roll-out schedule reflects our
decision to devote more time to additional testing and to the inclusion of
some additional useful features to meet those expectations."
As a result of the revised product release schedule, the Company expects
earnings per share to be between $.06 and $.08 for the third quarter of 1998.
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, Omega Research 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 and SuperCharts.
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,"
"should," "prospect" and similar expressions as they relate to Omega Research
or its management are intended to identify forward-looking statements. The
statements in this press release regarding expected product releases during
1998 and the timetable therefor, future Company financial performance, and
expected customer appeal and acceptance 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 and
from the results historically experienced. Factors that may cause or
contribute to such differences and impact future events include, but are not
limited to, Omega Research meeting its timetable for the anticipated October
31, 1998 upgrade releases of its premium products, the extent to which
potential customers will delay purchasing the Company's products pending
release of the upgrades, customer acceptance of such upgraded products,
unfavorable critical reviews of such upgraded products, Omega Research's
ability to market effectively such upgraded products, the introduction of
competitive products in the market or increased customer acceptance of
recently-introduced competitive products, failure of the Company to achieve
anticipated sales volumes relating to its principal products in the second and
third fiscal quarters and to achieve anticipated sales volumes relating to
additional products and services intended to be marketed in the third fiscal
quarter, delays in the marketing of such additional products and services, the
Company's ability to market effectively such additional products and services,
customer acceptance of such additional products and services, unanticipated
higher variable expenses (such as bad debt), increases in product returns,
decisions by Omega Research to enter into new markets or expand into related
businesses, volatility or other adverse conditions in the securities markets,
and Omega Research's ability to attract and retain high-quality product
development personnel, as well as those discussed in Omega Research's filings
with the Securities and Exchange Commission including, but not limited to,
Omega Research's December 31, 1997 Annual Report on Form 10-K.
SOURCE Omega Research, Inc.
-0- 06/08/98
/CONTACT: Salomon Sredni, Vice President of Operations and Chief
Financial Officer, Omega Research, 305-551-9991/
/Web site: http://www.omegaresearch.com/
|