Blyth holdings converts the last of its outstanding debentures; Director David Colby named acting CFO.SAN BRUNO San Bruno (săn br  `nō), city (1990 pop. 38,961), San Mateo co., W Calif., a suburb on San Francisco Bay; inc. 1914. There is light manufacturing and petroleum refining. , Calif.--(BUSINESS WIRE)--June 10, 1997--Blyth Holdings Inc. (NASDAQ NASDAQin full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :BLYH) today announced that it has converted the last of its Convertible Debentures issued June 2, 1996. In addition, the company has named one of its directors, David Colby, as acting chief financial officer, adding his expertise to the new leadership team that has reinvented the company while initiating the integrated marketing of Blyth Holdings Inc.'s OMNIS OMNIS Organizational Modelling of Information Systems (systems approach to business modeling to create an information system) Software subsidiaries' products worldwide. These moves come in conjunction with the expansion of OMNIS Software to new corporate headquarters in San Bruno. "Now that the debentures are not a factor, an element of uncertainty of investing in Blyth Holdings has been eliminated," said David Colby, the newly-named acting CFO See Chief Financial Officer. . "I am excited to expand my role as a director and share my experience with this vibrant company." Colby has previously served as CFO of organizations such as Columbia Health Care Corporation and American Medical Response American Medical Response, Inc. (AMR) is the largest private ambulance provider in the United States. AMR and EmCare are wholly owned subsidiaries of EMSC L.P., an emergency management company held by the investment firm Onex. AMR is based out of Greenwood Village, Colorado. (AMR (1) (Adaptive Multi-Rate) A variable rate speech codec selected by the 3GPP for the 3G evolution of the GSM cellphone system (WCDMA). Using the Algebraic CELP (ACELP) compression technology, AMR provides toll quality sound at transmission rates from 4.75 to 12. ). In these positions, Colby has overseen rapid financial growth and major merger and acquisition transactions of over $15 billion. Colby is currently the chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of AMR's Health Savings Group. "Placing David Colby at the helm of OMNIS Software's financial strategy is the latest in a series of moves which sets the stage for growth," said Tim Negris, president and 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. of OMNIS Software. "Now that the uncertainty of the debentures has been removed investors can focus on what we are doing in terms of software innovation and marketing." With the complete conversion of the debentures, total shares outstanding as of today's date now number approximately 21.1 million. Recently, at DB Expo A trade show for IT professionals originally from the Blenheim Group and later Miller Freeman, Inc., that specialized in database and related products. It had become part of IT Forum, which was discontinued after its final show in April 1998. in San Francisco, OMNIS Software announced its new products OMNIS Studio, OMNIS Studio Production Manager and OMNIS Studio Data Access Manager. These tools are the first to deliver crossware -- software that is cross-platform, cross-database, cross-object and cross-architecture. Since their North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. launch, the OMNIS Studio family of products has been greeted with great enthusiasm from OMNIS Software's customers and partners. The products are currently being launched in the Asia/Pacific region and Europe. Blyth Holdings Inc. Blyth Holdings Inc.'s OMNIS Software subsidiaries provide industry-leading software tools and consulting services designed to build a software supply chain that ensures continuous enhancement of customer and partner applications. The company's products support the full life cycle of applications and are ideal for rapid development and deployment of sophisticated Web and client/server applications, providing true re-use of software objects and the unique ability to integrate objects from disparate programming languages. OMNIS Software is headquartered in San Bruno, with international offices in England, Germany, The Netherlands and Scandinavia, and distributors throughout Europe, Asia Pacific and Latin America. Visit the OMNIS Web site at http://www.omnis-software.com . -0- Note to Editors: Copyright 1997 Blyth Holdings Inc. OMNIS, OMNIS Studio, OMNIS Studio Production Manager and OMNIS Studio Data Access Manager are registered trademarks of OMNIS Software Inc. All other products or service names mentioned herein are trademarks of their respective owners. CONTACT: OMNIS Software Inc. Pat McEntee, 415/571-0222 pat_mcentee@omnis-software.com or Lois Paul & Partners Ian Bain, 415/286-3841 ian_bain@lpp.com |
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