CorVu Corporation Submits Filings With Securities and Exchange Commission.Business Editors MINNEAPOLIS--(BUSINESS WIRE)--Feb. 3, 2000 CorVu Corporation (Nasdaq OTCBB OTCBB See OTC Bulletin Board (OTCBB). :&uot;CRVUE&uot;), a leading provider of Enterprise e-Business Performance Management, Business Intelligence and Balanced Scorecard Balanced Scorecard A performance metric used in strategic management to identify and improve various internal functions and their resulting external outcomes. The balanced scorecard attempts to measure and provide feedback to organizations in order to assist in implementing solutions, announced today that it has submitted to the Securities and Exchange Commission (SEC) in Washington, D.C., a registration statement to become a reporting company under the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. Securities Exchange Act of 1934. As soon as the filed registration statement becomes effective, CorVu will be subject to the obligations of a reporting company, such as filing quarterly and annual reports with the SEC. In January 1999, the SEC approved rule changes regarding the reporting requirements for companies whose securities are quoted on the Over-the-Counter Bulletin Board (short: OTCBB) of the National Association of Securities Dealers National Association of Securities Dealers (NASD) Nonprofit organization formed under the joint sponsorship of the investment bankers' conference and the SEC to comply with the Maloney Act, which provides for the regulation of the OTC market. (NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). ). As a result of these changes, only the securities of companies who are reporting companies under the Securities Exchange Act of 1934 may be quoted on the OTCBB. The rule changes were phased in beginning July 1, 1999. The deadline for the former Minnesota American, Inc. to become a reporting company is February 9, 2000. Due to the dramatic changes in the former Minnesota American's business as a result of the recent merger with CorVu, the registration statement could not be filed before the merger, which was finalized on January 14 this year. However, CorVu is still bound by the previously established reporting February 9, 2000 deadline. &uot;While we expect our filing to proceed smoothly, we do not expect the registration statement to become effective by the reporting deadline,&uot; said Justin MacIntosh, CorVu's 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. . &uot;Most likely, there will be a period where our securities are not quoted on the OTCBB. However, we hope this to be only temporary.&uot; About CorVu Corporation CorVu is a global provider of Enterprise e-Business Performance Management, Business Intelligence and Balanced Scorecard Solutions. Combining OLAP (OnLine Analytical Processing) Decision support software that allows the user to quickly analyze information that has been summarized into multidimensional views and hierarchies. OLAP tools are used to perform trend analysis on sales and financial information. query and reporting, executive dashboard alerts, forecasting, and Balanced Scorecard applications, CorVu provides a comprehensive Enterprise Business Performance Management solutions. CorVu has U.S. offices in Minneapolis, Atlanta, Boston, Chicago, Cincinnati, Dallas, Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , San Francisco, and Washington D.C.; Asia Pacific offices in Sydney, Auckland, Melbourne, Brisbane and Perth; and European offices in London, Munich, Rotterdam, Sheffield and Stockholm. With more than 2500 customers, including companies such as Datacard, Mincom, Prudential, Sara Lee, Unisys, Ford Motor Company and British Airways, CorVu's Enterprise Business Performance Management and Balanced Scorecard solutions are gaining market acceptance. Additional information about CorVu products and services can be found on CorVu's web site at http://www.corvu.com or call (800) 610-0769. NOTE TO EDITORS: CorVu is a registered trademark of CorVu Corporation. |
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