Centura Software Announces Distribution Agreement with InfoSpinner "ForeSite" Terminated.REDWOOD SHORES, Calif.--(BUSINESS WIRE)--Nov. 13, 1997--Centura Software Corporation (NASDAQ NASDAQ in 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 :CNTR CNTR Center CNTR Container CNTR Control CNTR Counter ) today announced that InfoSpinner has ceased negotiations and terminated its distribution agreement, effective immediately. Efforts to negotiate a post-termination transition plan were abandoned yesterday by InfoSpinner. "We are disappointed in InfoSpinner's decision to cease negotiations," said Sam Inman, Chairman 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. , "and we will ensure that our ForeSite customers are supported during the transition." About Centura Software (www.centurasoft.com) Centura recently reported Q3 revenues of $13.7 million and a profit after tax of $563,000. Founded in 1984 as Gupta Corporation (company) Gupta Corporation - The vendor of SQLWindows. Gupta Corporation provides application development and deployment software for client-server applications, consisting of a relational database, application development tools and transparent connectivity software. and traded on the NASDAQ exchange, Centura has enjoyed a rich history of innovation, bringing award-winning products to the marketplace, including SQLBase, Centura Team Developer See Team Developer. , Centura Web Developer, Quest/Web and SQLWindows. CONTACT: Centura Software Corp., Redwood Shores Sam Inman, 650/596-3400 (Chairman and CEO) |
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