Graphsoft common stock now marginable; Graphsoft comments on status of MiniCad for Windows.COLUMBIA, Md.--(BUSINESS WIRE)--Feb. 28, 1996--Diehl Graphsoft, Inc. ("Graphsoft") (The Nasdaq SmallCap Market: DIEG), a leading developer of 2D/3D computer aided design (application) Computer Aided Design - (CAD) The part of CAE concerning the drawing or physical layout steps of engineering design. Often found in the phrase "CAD/CAM" for ".. manufacturing". ("CAD") software, today announced that its common stock may be purchased on margin. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the Board of Governors of the Federal Reserve System Board of Governors of the Federal Reserve System The managing body of the Federal Reserve System, which sets policies on bank practices and the money supply. , Graphsoft's stock now has loan value under Regulation T, permitting brokers and dealers to make margin loans using the Company's common stock as collateral. In other news, Graphsoft announced that it expects to begin shipment of its much anticipated cross-platform MiniCad 6 for Windows software product before the end of its fiscal year ended May 31, 1996. The product, which is currently in beta testing (programming) beta testing - Testing a pre-release (potentially unreliable) version of a piece of software by making it available to selected users. This term derives from early 1960s terminology for product cycle checkpoints, first used at IBM but later standard throughout the , will offer the same features that have helped to make Graphsoft the Macintosh market leader in CAD technology and resulted in MiniCad winning several industry awards, including the prestigious Macworld 1996 World Class Award for CAD. Commenting on this news, Richard Diehl, 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 Graphsoft stated, "While shipment of our Windows version of MiniCad was initially delayed, we are secure in the fact that we are launching a product that will provide Windows users with the same award-winning features and favorable price/performance ratio In economics and engineering, the price/performance ratio refers to a product's ability to deliver performance, of any sort, for its price. For instance, if you have a whole day to travel 100 km, spending $50 to do the journey in two hours is a better price/performance ratio than as our MiniCad for Mac OS product." Mr. Diehl continued, "In preparation for the release of MiniCad for Windows, we have hired several new employees to complement our customer service, marketing and engineering departments. Furthermore, in order to accommodate anticipated growth, we recently added an additional 5,000 square feet of space to our corporate headquarters. Of this space, 2,000 square feet is being used to expand our shipping and handling department and the remainder is being used primarily to house our marketing and engineering staff." Diehl Graphsoft is a leading developer and marketer of 2D/3D CAD software for the Apple Macintosh and Power Macintosh. A CAD system for or use with Microsoft's Windows software was also recently unveiled with shipments expected to begin before May 31, 1996. Now in its sixth release, Graphsoft's flagship software, MiniCad, has approximately 73,000 license sites in 80 countries. MiniCad has received many prestigious domestic and international awards, including the Macworld World Class Award for CAD, the MacUser Editors Choice Award for CAD, the Australian Macworld Class Award and the Switzerland Macworld Best CAD Award. The Company also develops Blueprint 5, a 2D CAD package, and Azimuth azimuth (ăz`əməth), in astronomy, one coordinate in the altazimuth coordinate system. It is the angular distance of a body measured westward along the celestial horizon from the observer's south point. 2.5, a mapping program. Graphsoft's products are marketed in domestic and international markets through both direct sales and distributor and dealer channels. CONTACT: Diehl Graphsoft, Inc. Richard Diehl, President & CEO Joseph Schmelzle, CFO See Chief Financial Officer. (410) 290-5114 Internet to: marketing @ graphsoft.com or DIEG'S INVESTOR RELATIONS Investor relations The process by which the corporation communicates with its investors. COUNSEL: The Equity Group Inc. Eileen Harris (212) 836-9605 Linda Latman (212) 836-9610 email: equityny@aol.com |
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