Distribution Agreement With Centura Software Corporation Terminated.DALLAS--(BUSINESS WIRE)--Nov. 12, 1997--InfoSpinner, the developer and owner of ForeSite(TM), a Web-to-legacy software product, today announced that its ForeSite distribution agreement with Centura Software Corporation (Nasdaq:CNTR CNTR Center CNTR Container CNTR Control CNTR Counter ), has been terminated due to non-performance by Centura under the distribution agreement. Centura's right to distribute InfoSpinner's ForeSite products, either directly to end-users or via subdistributors, domestically and internationally, ceased as of Oct. 22, 1997, the effective date of the termination. Efforts to negotiate a post-termination transition plan proved unsuccessful and were abandoned yesterday by InfoSpinner. "The dissolution Act or process of dissolving; termination; winding up. In this sense it is frequently used in the phrase dissolution of a partnership. The dissolution of a contract is its Rescission by the parties themselves or by a court that nullifies its binding force and reinstates each of InfoSpinner's relationship with Centura, which started in January 1997, is truly unfortunate," said Yoshi Noguchi No·gu·chi , Hideyo 1876-1928. Japanese-born American bacteriologist who discovered the cause of syphilis and yellow fever and who worked to develop treatments for them. , 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 InfoSpinner. "We must, however, move on. Our immediate goal is to ensure that ForeSite customers and partners are not negatively impacted by the severance The act of dividing, or the state of being divided. The term severance has unique meanings in different branches of the law. Courts use the term in both civil and criminal litigation in two ways: first, when dividing a lawsuit into two or more parts, and second, when of the relationship between the two companies." InfoSpinner will continue to aggressively market its ForeSite products, both directly and through partners. InfoSpinner was recently selected as one of Computerworld's "100 Hot Emerging Companies" for 1997. Visit http://www.computerworld.com/h otemerging/emerging_chart.html . About InfoSpinner, Inc. Founded in 1995, InfoSpinner offers leading edge software products designed to extend the usefulness of business applications through simple, reliable Internet access See how to access the Internet. . The ForeSite family of Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the products is already installed in businesses, state and local governments and universities in twenty-two countries throughout the world. For additional information visit InfoSpinner's World Wide Web site at http://www.infospinner.com . -0- (c) 1997 InfoSpinner, Inc. All Rights Reserved. ForeSite, PageServer, and the InfoSpinner logo are trademarks or registered trademarks of InfoSpinner, Inc. All other trademarks belong to their respective companies. CONTACT: InfoSpinner, Inc. Tom Webb, 972/479-0135 ext. 229 tomw@infospinner.com |
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