Avatech Solutions Releases PrescientQA Passport V5; New PrescientQA Product Enables Streamlined Data Migration From CATIA V4 to V5.Business Editors/High-Tech Writers CATIA A family of 2D and 3D CAD programs from IBM. CATIA was one of the first CAD programs to provide 3D solid modeling. The program was developed by Dassault Systems, a French aerospace company. OPERATORS EXCHANGE NEW ORLEANS--(BUSINESS WIRE)--March 31, 2003 Avatech Solutions Inc., the nation's leading provider of design automation tools, training, integration services, and technical support, today introduced its newest PrescientQA(TM) product - Passport V5(TM) which enables the migration of data from CATIA(R) V4 to V5. Passport V5 automatically corrects, reorganizes and cleans-up migration obstacles enabling users to better manage and control migration challenges. "CATIA users represent a community of more than 200,000 users worldwide and we are committed to providing these customers with solutions that allow them to manufacture high-quality products," says Scotty Walsh, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. at Avatech Solutions. "Passport V5 is the newest product in our line of quality assurance solutions and is key to our company growth strategy to develop new products and diversify our product lines." Avatech will demonstrate Passport V5 at the CATIA Operators Exchange (COE See common operating environment. ) Conference -- held March 30 - April 2, 2003 in New Orleans New Orleans (ôr`lēənz –lənz, ôrlēnz`), city (2006 pop. 187,525), coextensive with Orleans parish, SE La., between the Mississippi River and Lake Pontchartrain, 107 mi (172 km) by water from the river mouth; founded -- for the first time to users, representing the aerospace, automotive, consumer goods consumer goods Any tangible commodity purchased by households to satisfy their wants and needs. Consumer goods may be durable or nondurable. Durable goods (e.g., autos, furniture, and appliances) have a significant life span, often defined as three years or more, and , shipbuilding, industrial machinery, electronic, and plant design industries. Attendees are invited to stop by Booth 222 for a product demonstration and see firsthand how Passport V5 can be leveraged in their migration strategy. Passport V5 enables CATIA users to easily apply new advanced capabilities to models created in V4 by automatically correcting areas of concern, which reduces rework time and costs. CATIA V4 files that require manual attention are quickly identified allowing designers to focus on correcting the manufacturing models rather than reviewing data files. Key features and benefits -- In-depth reporting identifies data migration readiness interactively or in batch mode -- Recognizes and reports significant problems that impede migration or cause delays -- Provides interactive information and advice to navigate migration issues and approaches -- Flexible and configurable to meet company migration strategies -- Interactive screens support the development of best practice methodologies for future migration For More Information Passport V5 is available as a full system, subscription package, add-on to an existing PrescientQA installation, or as a service offering through Avatech's North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. offices. TDCi, the master distributor for PrescientQA software located in the UK, and its partner network in the UK, Germany, Sweden, France, Portugal and Spain, will handle European distribution. Product specifications and brochures on PrescientQA Passport V5 can be found at www.avatechsolutions.com/passport and information about distribution across Europe is found at www.tdci.eu.com. About Avatech Solutions Avatech Solutions, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : AVSO AVSO Association of Voluntary Service Organisations .OB) is a leading provider of design automation and quality assurance solutions for the manufacturing, building design, civil engineering and GIS markets. Headquartered in Owings Mills, Maryland Owings Mills is an unincorporated community and a census-designated place in Baltimore County, Maryland, United States. The population was 20,193 at the 2000 census. Owings Mills is home to the northern terminus for the Baltimore Metro Subway and to Owings Mills Mall. , the company specializes in software development, technical support, training and consulting aimed at improving design and documentation efficiencies and the seamless integration An addition of a new application, routine or device that works smoothly with the existing system. It implies that the new feature or program can be installed and used without problems. Contrast with "transparent," which implies that there is no discernible change after installation. of workflow processes. Avatech is one the largest integrators of Autodesk software worldwide and a leading provider of engineering document management solutions. The company is the developer of the award-winning PrescientQA(TM) quality assurance software and cycle time reduction products for the manufacturing supply chain. Avatech serves 20,000 clients worldwide including the industry leaders from Fortune 1000 and Engineering News Record's Top 500 companies. Visit www.avatechsolutions.com for more information. This press release contains forward-looking statements about the expectations, beliefs, plans, intentions and strategies of Avatech Solutions, Inc. There are a number of important factors that could cause actual results to differ materially from those anticipated by any forward-looking information. A description of risks and uncertainties attendant to Avatech and its industry, and other factors that could affect Avatech's financial results, are included in the Securities and Exchange Commission filings of PlanetCAD, Inc., which merged with Avatech on November 19, 2002 including, but not limited to, PlanetCAD's annual report on Form 10KSB KSB Kogod School of Business (American University) KSB Kelley School of Business (Indiana University) KSB Kantonsschule Am Brühl St. for the year ended December 31, 2001, its quarterly reports on form 10-Q Form 10-Q See 10-Q. for the fiscal quarters ended March 31, June 30, and September 30, 2002, and the proxy statement/prospectus relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the merger of Avatech and PlanetCAD. Investors and shareholders may obtain a free copy of these documents at the SEC's web site at www.sec.gov, or by contacting Gary Rever at Tel: (410) 902-6900 or email investors@avat.com. PrescientQA and Passport V5 are registered trademarks of Avatech Solutions, Inc. CATIA is a registered trademark of Dassault Systemes. All other brand names, product names, or trademarks belong to their respective holders. |
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