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Topic: (NASDAQ:OMGA) ,
Headline: Omega Research's TradeStation 5 and OptionStation 5 To Support
Standard & Poor's ComStock's XpressFeed Data Service
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MIAMI, Oct. 1 /PRNewswire/ -- Omega Research, Inc. (NASDAQ:OMGA)
announced today that it has entered into an agreement with Standard & Poor's
ComStock, Inc. to develop compatibility between the upcoming Version 5 of
Omega Research's investment analysis software and Standard & Poor's ComStock's
XpressFeed(TM) financial market data services. It is expected that versions
of Omega Research's TradeStation(R) 5 and OptionStation(R) 5 compatible with
Standard & Poor's ComStock's XpressFeed data services will begin shipping
sometime next year.
Marc J. Stone, Vice President of Corporate Development, Omega Research,
stated, "I am pleased to announce the expected upcoming compatibility with
Standard & Poor's ComStock's XpressFeed data services. Standard & Poor's
ComStock is known in the industry for the high quality of its data services,
and many of our customers have requested that our products continue to support
ComStock data. This agreement demonstrates our continuing commitment to offer
our customers additional quality real-time data choices."
Paul Zinone, Vice President of Sales and Marketing, Standard & Poor's
ComStock, added, "We are delighted that we will be able to offer our
XpressFeed subscribers the choice of using Omega Research's TradeStation and
OptionStation with our data services. The continued opportunity to offer our
customers the most-recognized analysis software on the market with our
superior quality datafeeds should expand both companies' customer bases."
Founded in 1982, and headquartered in Miami, Florida, Omega Research 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.
Standard & Poor's ComStock, Inc., a subsidiary of Standard & Poor's,
headquartered in Harrison, New York, provides real-time and delayed securities
quotations and news to professional and consumer markets worldwide.
Professional clients include brokerage firms, banks, insurance companies, fund
managers and institutional and professional traders. Standard & Poor's
ComStock provides professional clients, individual investors and businesses
access to its products and services via Internet, satellite and dedicated
land-line distribution systems.
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,
development of technical compatibility between Omega Research Version 5
software and Standard & Poor's ComStock data services and the timetable
therefor, and expected market appeal and customer 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 upgrade releases of its premium products, 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,
changes in the securities markets, Omega Research's and Standard & Poor's
ComStock's ability to develop technical compatibility between Omega Research's
software and Standard & Poor's ComStock's data services in a timely fashion,
if at all, customer acceptance of Omega Research's products as used with
Standard & Poor's ComStock's data, as well as those discussed in Omega
Research's press releases and filings with the Securities and Exchange
Commission including but not limited to Omega Research's December 31, 1997
Annual Report on Form 10-K.
Visit the Omega Research web site at www.omegaresearch.com
SOURCE Omega Research, Inc.
-0- 10/1/98
/CONTACT: Salomon Sredni, Vice President of Operations and Chief
Financial Officer, Omega Research, 305-551-9991/
/Web site: http://www.omegaresearch.com/
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