Bitstream Launches PageFlex Inc.; New Subsidiary Will Focus Exclusively on the Development, Marketing, and Support of On-Demand Publishing Technology.CAMBRIDGE, Mass.--(BUSINESS WIRE)--Feb. 3, 1999-- Bitstream Inc. (Nasdaq:BITS) today announced the formation of a new, wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , PageFlex Inc., whose exclusive mission will be to develop, market, and support on-demand publishing software and related technology. On-demand publishing is the ability to dynamically generate business collateral, reports, and other kinds of documents directly from XML-formatted text and graphics data, and personalizing them on the fly for a particular customer. In particular, PageFlex Inc. will focus its sales and marketing efforts on two products: PageFlex(tm), an XML-based publishing application that enables the fully automatic production of customized documents, and NuDoc(tm), an XML-based composition engine, which serves as PageFlex's underlying formatting engine. The current officers and directors of Bitstream Inc. will serve as officers and directors of PageFlex Inc. In a related announcement also made today, Bitstream has announced that the company has launched an Internet initiative, positioning itself as "The Internet Font Company." The Internet initiative is in response to several product developments and acquisitions that have established Bitstream as a leading developer of font portability and rendering technology, which is licensed to hundreds of industry-leading Internet, Web, and publishing software applications developers. "Launching PageFlex Inc. as a subsidiary of Bitstream allows PageFlex to focus on creating and leading the on-demand publishing market, while allowing Bitstream, which has long been a leading innovator in the font industry, to establish itself now as the Internet Font Company," said Paul Trevithick This article is and to meet Wikipedia's , may require a , wikifying and categorization. Please discuss this issue on the talk page or [ replace this tag] with a . This article has been tagged since March 2007. , president of Bitstream. "We recently launched Version 1.0 of PageFlex and are currently ramping up our sales and marketing efforts for 1999. We also have several resellers, including IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) Corporation and Inso Corporation, who are well positioned to take our products into the international marketplace." Bitstream has released a letter from Paul Trevithick that outlines the new positioning of Bitstream as the Internet Font Company and the creation of PageFlex Inc. as a wholly owned subsidiary of Bitstream. The full text of this position statement is available at http://www.bitstream.com/news/prezletter.html . About PageFlex Inc., The On-Demand Publishing Company PageFlex Inc., headquartered in Cambridge, Massachusetts This article is about the city of Cambridge in Massachusetts. For the English university town, see Cambridge, England. For other places, see Cambridge (disambiguation). Cambridge, Massachusetts is a city in the Greater Boston area of Massachusetts, United States. , develops, markets, and supports on-demand publishing software and related technology. Driven by the profile of a particular target customer, on-demand publishing involves the automatic production of customized business marketing collateral Marketing collateral, in marketing and sales, is the collection of media used to support the sales of a product or service. These sales aids are intended to make the sales effort easier and more effective. such as datasheets and brochures directly from XML XML in full Extensible Markup Language. Markup language developed to be a simplified and more structural version of SGML. It incorporates features of HTML (e.g., hypertext linking), but is designed to overcome some of HTML's limitations. text and graphics data stored in Web servers and/or databases. Based on page design rules, flexible templates ensure the generated PostScript or PDF (Portable Document Format) The de facto standard for document publishing from Adobe. On the Web, there are countless brochures, data sheets, white papers and technical manuals in the PDF format. documents meet high stylistic quality standards. PageFlex also licenses its underlying NuDoc XML-based composition engine on an OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and basis to independent software vendors. For more information on PageFlex and its products, visit http://www.pageflexinc.com. PageFlex is a wholly-owned subsidiary of Bitstream Inc. (Nasdaq:BITS, http://www.bitstream.com). About Bitstream Inc., The Internet Font Company Bitstream Inc., headquartered in Cambridge, Massachusetts, is a leading developer of type technology, digital typefaces, and type customization services for the graphics communications industry communications industry, broadly defined, the business of conveying information. Although communication by means of symbols and gestures dates to the beginning of human history, the term generally refers to mass communications. . Bitstream licenses its WebFont(tm), TrueDoc(R), and T2K T2K Tempest 2000 (game; sequel to Tempest) T2K Time 2 Kill (gaming clan) (tm) font portability and rendering technology to hundreds of industry-leading Internet, Web, and publishing software applications developers, as well as to manufacturers of computers, printers, set-top boxes, and other devices. Bitstream has been awarded several patents that cover aspects of creating subsetted fonts, managing and rendering portable font objects, and using portable fonts for Web publishing Creating a Web site and placing it on the Web server. A Web site is a collection of HTML pages with the home page typically named INDEX.HTML. Web sites are designed using Web authoring software which provides a graphical layout capability or by hand coding in HTML or both. . Bitstream also offers on-demand publishing software through its wholly owned subsidiary, PageFlex Inc. For more information on Bitstream and its products, visit the company on the World Wide Web at http://www.bitstream.com |
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