IQ Software Formalizes New Division Focusing On SAP R/3 Reporting Solutions.ATLANTA--(BUSINESS WIRE)--April 1, 1998--IQ Software Corporation (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 :IQSW) announced today that it has created a new division, the Integrated Solutions Team, dedicated to delivering unequaled reporting solutions for SAP R/3. With over $3 billion in revenue and over 13,000 installation sites of R/3, SAP is the world's largest provider of enterprise application software. "Our successes in the past few months, including examples such as Titan Cement TITAN Cement Company S.A. is a large cement producing company, based in Athens, Greece. Founded in 1902, it was listed on the Athens stock exchange ten years later. The company has an annual cement production capacity of 6 million tons in Greece and a market share of around 40%. Co. S.A., the largest cement manufacturer in Greece, and Baldor Electric, one of the largest manufacturers of electric motors in 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. , have confirmed that our enterprise reporting With the dramatic expansion of information technology, and the desire for increased competitiveness in corporations, there has been an increase in the use of computing power to produce unified reports which join different views of the enterprise in one place. solution offers unique advantages for the SAP customer," stated Rick Chitty Chit´ty a. 1. Full of chits or sprouts. 2. Childish; like a babe. , President and Chief Executive Officer. "We have now created the Integrated Solutions Team and staffed it with some of IQ Software's very best people to focus exclusively on the SAP market. The reception we have received from SAP customers throughout the world has been exceptional. We plan to invest wisely to ensure that our team can respond quickly and effectively to our SAP customer needs and look forward to rapid growth for this new division." Founded in 1984 in Norcross, Georgia Norcross is a city in Gwinnett County, Georgia, United States. The city had a population of 8,410 in 2000. Census Estimates for 2005 show a population of 9,887. History Norcross was founded in 1866 by John Thrasher. , IQ Software is the market leader in providing client/server end-user decision support tools. The first company to deliver three-tier architecture and true object-based query and reporting tools, IQ Software offers a family of products that includes IQ/Objects, IQ/SmartServer, IQ/Vision and IQ/LiveWeb. The Company's products are sold by a direct sales force in 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. and Europe, complemented by more than 900 software application developers and vertical market resellers. International distribution is handled by distributors in more than 20 countries and by the Company's international subsidiaries. For more information, IQ Software can be reached at 3295 River Exchange Drive, Suite 550, Norcross, GA 30092, 1-800-458-0386, Internet: info@iqsc.com or on the World Wide Web at http://www.iqsoftware.com. This press release includes forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which reflect the Company's current judgment or belief on certain issues. Because such statements apply to future events, they are subject to known and unknown risks and uncertainties and other factors that could cause the actual results, performance or achievements of the Company to differ materially from any future results, performances or achievements expressed or implied by such forward-looking statements. Important factors which could cause actual results to differ materially are (i) future competition, (ii) current products not remaining competitive, (iii) failure to timely enhance existing products or introduce new products, (iv) inability to retain or attract qualified personnel, (v) timing of large orders and (vi) such other matters as described in the Company's reports on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended January 31, 1997 and 10-Qs for the first three fiscal quarters of the 1998 fiscal year which are on file with the Securities and Exchange Commission. The IQ Software logo is a registered trademark and IQ/Objects, IQ/SmartServer and IQ/LiveWeb are trademarks of IQ Software Corporation. CONTACT: IQ Software Kent Elmer, 770/446-8880 ext. 225 kente ken·te n. 1. A brightly patterned, handwoven ceremonial cloth of the Ashanti. 2. A durable machine-woven fabric similar to this fabric, prominently featured in Afrocentric fashion. @iqsc.com or Easterly I.R. Ken Dennard, 713/529-6600 ext. 202 kdennard@easterly.com |
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