DATAWARE TECHNOLOGIES DISCLOSES PENDING LAWSUIT.CAMBRIDGE, Mass.--(BUSINESS WIRE)--November 16, 1994 -- Dataware Technologies, Inc. (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 : DWTI DWTI Dienst voor Wetenschappelijke en Technische Informatie (Belgium) ) today announced the filing of a class action in the U.S. District Court for the District of Massachusetts against the Company; several of its officers, Kurt Mueller, Jeffrey Nyweide, Edward Black For the United States Representative see Edward Junius Black Edward Black, (10 December 1793 – May 7 1845), was a minister and teacher in Canada associated with the Church of Scotland. , James Kearney James Kearney is the name of:
The plaintiffs allege that the registration statement and prospectus for the Company's July 1993 initial public offering contained false and misleading statements. The plaintiffs also allege that the Company violated federal securities laws by artificially inflating the price of the Company's common stock through the issuance of false and misleading reports and press releases to the public. Responding to the lawsuit, Kurt Mueller, chairman and chief executive officer of Dataware, stated, "The complaints contain factually incorrect statements and the allegations are without merit. We intend to vigorously contest the lawsuit." Dataware Technologies, Inc. is a leading international developer and marketer of software and services for electronic information providers. Its high-performance, multi-platform and multi-lingual software and comprehensive services enable customers, including publishers, corporations, government agencies, and educational institutions, to create, manage and distribute information on CD-ROM CD-ROM: see compact disc. CD-ROM in full compact disc read-only memory Type of computer storage medium that is read optically (e.g., by a laser). and online. Dataware's software is used by more than 1,600 organizations worldwide, including Dun & Bradstreet, U.S. Government Printing Office, Information Handling Services, International Data Group, Siemens, Nabisco, Exxon, Northern Telecom, Toyota, TRW TRW The Real World (TV reality show) TRW The Right Way TRW Tactical Reconnaissance Wing TRW The Retriever Weekly (University of Maryland, Baltimore, MD) TRW Thompson Ramo Wooldridge Inc and Ziff Communications. Dataware's strategy is to maintain and enhance its leadership position by emphasizing technological leadership, customer service, global distribution and selective acquisitions. CONTACT: Dataware Technologies, Inc.
G. Mead Wyman
Chief Financial Officer
(617) 621-0820 x1702
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