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Topic: (NASDAQ:OMGA) , (NASDAQ:DBCC) Data Broadcasting, (NASDAQ:DTLN) Data
Headline: Omega Research Announces New Internet End-of-Day Market Data
Service:
HistoryBank.com
======================================================================
MIAMI--(BUSINESS WIRE)--Feb. 23, 1999--
Company to Offer Comprehensive Financial Market Database
as well as Daily and Tick-by-Tick Data on an End-of-Day
Basis via the Internet on Monthly Subscription Basis
Omega Research, Inc. (NASDAQ:OMGA) announced today the launch of
HISTORYBANK.COM(SM), an Internet financial data service that will
seamlessly provide historical market data and daily data update
services to the Company's software customers on an end-of-day basis
via monthly subscriptions. HISTORYBANK.COM offers price and volume
data on U.S. stocks, futures markets, options and major indexes.
The service has two major components: HISTORYBANK.COM(TM)
Financial Database, a database on CD-ROM which contains up to 30 years
of historical financial market data that will initially retail for
$995, but will be included at no extra charge with TradeStation(R)
2000i, OptionStation(R) 2000i, RadarScreen(TM) 2000i and Omega
Research ProSuite(TM) 2000i; and HISTORYBANK.COM(SM) Daily Update
Service, which will offer financial market data as an end-of-day daily
(open, high, low, close) presentation and as an end-of-day
(tick-by-tick) presentation. The data has been tightly integrated with
the Company's 2000i line of investment analysis software officially
released yesterday, and, according to the Company, should provide the
best end-of-day data solution for its 2000i software customers.
The overall service has been designed to address the unique needs
of investors who use historical market data for investment strategy
back-testing. For example, the data service includes currently-trading
and no-longer-trading stocks so that investors are able to back-test
their strategies without a survivorship bias. The data also includes
complete stock split historical information, futures continuous
contracts, options data, including seven years of historical implied
volatility, and Market Guide Industry Groups. Extensive symbol
maintenance has also been done on the historical database to reflect
symbol changes, mergers, acquisitions, bankruptcies, and reverse
splits. The HISTORYBANK.COM Daily Update Service is expected to serve
as a complete data solution for investors who only require data on an
end-of-day basis, and as a complementary data "refresh" service for
investors who use real-time data delivered by one of the many
real-time datafeeds compatible with the Company's products. When used
as an end-of-day "refresh" service, HISTORYBANK.COM data seamlessly
integrates with the data provided by the third-party real-time data
vendor. Accordingly, the Company expects to market HISTORYBANK.COM to
both end-of-day and real-time investors.
HISTORYBANK.COM Financial Database is expected to begin shipping
this week. HISTORYBANK.COM Daily Update Service is expected to be
available no later than the second quarter of 1999, at which time it
is expected to be offered solely to Omega Research 2000i software
users for a promotional period free of charge. Following the
promotional period, the Company expects the daily update service to be
offered at monthly subscription rates initially ranging from $29.95 to
$49.95.
Omega Research's 2000i line of software products is compatible
with the following real-time Internet and broadcast data services:
Data Broadcasting Corporation's (NASDAQ:DBCC) Signal Online
(Internet), StockEdge Online (Internet), InSite (Internet), DBC Signal
(Broadcast) and BMI (Broadcast); Data Transmission Network
Corporation's (NASDAQ:DTLN) DTN Real Time and DTNstant (Broadcast);
and PC Quote, Inc.'s (AMEX:PQT) Hyperfeed(TM) (Internet and
Broadcast). An agreement is also in place to add, later this year, as
a compatible real-time data service, Standard & Poor's ComStock's
Xpressfeed(TM).
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), RadarScreen(TM), Omega
Research ProSuite(TM) 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," "should," "prospect," "looking
forward" 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 the timing of the
expected availability of HISTORYBANK.COM Daily Update Service, and
those regarding HISTORYBANK.COM's anticipated quality, benefits and
usefulness, 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
release of HISTORYBANK.COM Daily Update Service due to technical or
other reasons, customer acceptance of HISTORYBANK.COM, the extent of
technical difficulties or errors in HISTORYBANK.COM (including in
systems and services of third party providers and/or in Omega Research
investment analysis software from which the data service will be
accessed), unfavorable critical reviews of HISTORYBANK.COM, the
Company's ability to acquire and maintain the services of high-quality
end-of-day data service marketing, operations and administration
personnel, the strength of competitive data services operated by
established end-of-day data service providers, the Company's lack of
prior experience marketing, operating or maintaining an end-of-day
data service, as well as those discussed in Omega Research's press
releases and its filings with the Securities and Exchange Commission
including, but not limited to, Omega Research's December 31, 1997
Annual Report on Form 10-K.
CONTACT: Omega Research
Salomon Sredni, 305/485-7000
www.omegaresearch.com
KEYWORD: FLORIDA
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS COMED
INTERACTIVE/MULTIMEDIA/INTERNET PRODUCT
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Copyright 1999, Business Wire
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