Datalex Corp. Announces Strategic Partnership with Vision-R Canada Inc.NEPEAN, Ontario--(BUSINESS WIRE)--June 28, 1999-- DATALEX(ME:DXK.) Datalex Corp. (ME:DXK) announced today the acquisition of Federal Document Systems, Inc., a Vision-R Company, for 600,000 Datalex common shares. This purchase will provide Datalex with exclusive access to the Canadian Federal Market and National Capital Region for the Vision-R Electronic Document Presentment (EDP (Electronic Data Processing) The first name used for the computer field. EDP - Electronic Data Processing ) solution, EnterpriseView(tm). In addition, Datalex will market the Vision-R solution to its existing prospects and channels throughout North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . The Agreement represents a milestone for Datalex in ramping up business opportunities in marketplace niches for software and professional integration services in concert with its Year 2000 D2K/Plus(tm) mainframe software toolset. EnterpriseView(tm) provides on-line / real-time access to several years worth of documents and reports (i.e. financial and billing statements, account summaries, etc). It also provides the capability to retrieve an exact image of any document, and associated reports, regardless of age or size, and provide instant access through the Internet/Intranet and corporate VPN (Virtual Private Network) A private network that is configured within a public network (a carrier's network or the Internet) in order to take advantage of the economies of scale and management facilities of large networks. networks. "This capability will assist many of the Datalex channel partners to deliver a turn-key solution to their mainframe clients and allows Datalex to expand its client base beyond the MVS (Multiple Virtual Storage) Introduced in 1974, the primary operating system used with IBM mainframes (the others are VM and DOS/VSE). MVS is a batch processing-oriented operating system that manages large amounts of memory and disk space. marketplace," commented Ron Pimblett, 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 Datalex Corp. EnterpriseView(tm) can be used in a wide variety of vertical markets including retail, financial/banking, insurance, telecommunications and public/private utilities. Vision-R Canada Inc. (www.vision-r.com) is headquartered in Thornhill, Ontario Thornhill (2006 population 106,394) is an upscale community in Ontario, Canada, directly north of Toronto. It is considered the most affluent of Toronto suburbs. It straddles two municipalities, the city of Vaughan having the portion west of Yonge Street and the town of Markham , and is a leading developer of innovative, Electronic Document Presentment Solutions that integrate legacy to Web and high-volume call center document presentment requirements. Vision-R's approach is that the print document is the database and by providing real-time access to several years of archive, Vision-R provides unprecedented business intelligence capabilities to any organization. Datalex Corp. is a unique provider of software solutions targeting enterprise-wide client server and legacy computing installations. The Company is currently evolving its business strategy to include applications that deliver corporate and front-office solutions designed for client-server environments, Intranets, E-Commerce and Enterprise Resource Planning See ERP. (application, business) Enterprise Resource Planning - (ERP) Any software system designed to support and automate the business processes of medium and large businesses. (ERP (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer. ) systems. For additional information or brochures, contact head office at (613) 723-7820. Information can also be obtained via Datalex' web site at http://www.dlx2000.com. |
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