QueryObject Systems Corporation Expands Global Distribution; CrossZ Secures Italian Distribution for Data Mart Product.UNIONDALE, N.Y.--(BUSINESS WIRE)--May 18, 1998--QueryObject Systems Corporation, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of CrossZ 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 :CRSZ), today announced the appointment of an Italian market solutions provider as a distributor for the company's knowledge discovery data mart A subset of a data warehouse for a single department or function. A data mart may have tens of gigabytes of data rather than hundreds of gigabytes for the entire enterprise. See data warehouse. , the QueryObject(tm) System. CrossZ Solutions Spa, jointly headquartered in Naples and Turin, is a fully incorporated, cooperative venture that joins the expertise of two successful technology companies, Stratos (Strategic Tools & Services) and IN.TEL TEL Telephone TEL Telegram TEL Telugu (langauge) TEL Terrorist Exclusion List TEL Technology-Enhanced Learning TEL Transporter-Erector-Launcher TEL Tetra-Ethyl Lead TEL Team Deutsche Telekom .TEC s.r.l. QueryObject Systems' advanced knowledge discovery capabilities combined with their extensive commercial and technical experience within the Italian IT community, should allow them to offer high performance Business Intelligence solutions to Italy's data intensive industries such as telecommunications, financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , retail and government. At the industry analysis firm, the Meta Group, Gianluigi Riccio, program director of application delivery strategy for Europe asserted that, "as a ready-to-integrate solution, the QueryObject technologies give fresh perspectives to the meaning of `information' in the rapidly growing Business Intelligence arena. Clients using the QueryObject System will see dramatic improvements in the process of delivering answers to complex business queries." "There is a steadily increasing need for solutions that shorten the gap between the time data is stored into systems and when it becomes usable information in the decision process," added Gianni Oglietti, 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 Cross Z Solutions Spa. "Our agreement with QueryObject Systems Corporation enables us to empower our customers with the competitive advantages of speed, scalability and flexibility." This distribution agreement becomes a cornerstone of QueryObjects Systems Corporation's global distribution strategy, which calls for an extended network of industry resellers, application providers and integrators to introduce and implement QueryObject-based solutions to companies trying to tame the explosion in analytical data. "Business intelligence problems are global," said Robert Aloisio, senior vice president of world-wide sales for QueryObject Systems Corporation. "As deregulation Deregulation The reduction or elimination of government power in a particular industry, usually enacted to create more competition within the industry. Notes: Traditional areas that have been deregulated are the telephone and airline industries. accelerates across Europe, having the tools to develop a thorough understanding of one's marketplace is a crucial business advantage. QueryObject System enables corporations to leverage the wealth of information contained in their enterprise regardless of the size and composition of the data store." About the QueryObject System The QueryObject System is an analytical data mart that has a unique approach to representing data through complex polynomial polynomial, mathematical expression which is a finite sum, each term being a constant times a product of one or more variables raised to powers. With only one variable the general form of a polynomial is a0xn+a equations. The System provides efficient and responsive access to high data volumes with a small data mart footprint. It further breaks down the limits of traditional data marts by supporting large number of concurrent users in client-centric, client-server or Internet environments. The polymorphic polymorphic - polymorphism nature of the QueryObject schema allows for interaction with most industry-standard analytical techniques including spreadsheets, ad hoc queries, multi-dimensional analysis and data mining. QueryObject System enables users to optimize business intelligence productivity by rapidly building and distributing specialized, high-performance analytical data marts that can be queried through an ODBC (Open DataBase Connectivity) A database programming interface from Microsoft that provides a common language for Windows applications to access databases on a network. and OLE/DB interface. The QueryObject System engine runs on 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. , UNIX UNIX Operating system for digital computers, developed by Ken Thompson of Bell Laboratories in 1969. It was initially designed for a single user (the name was a pun on the earlier operating system Multics). and NT servers while QueryObject data marts can be deployed on Unix or NT servers, or Windows clients. About QueryObject Systems Corporation QueryObject Systems Corporation is a wholly owned subsidiary of CrossZ Software Corporation, a publicly held company headquartered in Uniondale, New York Uniondale is a hamlet (and census-designated place) as well as a suburb of New York City in Nassau County, New York, United States, on Long Island, in the Town of Hempstead. The population was 23,011 at the 2000 census. , USA and with European Headquarters in the United Kingdom. For more information about QueryObject System Corporation or the QueryObject System, visit the Web site at http:\\www.queryobject.com. -0- CrossZ, QueryObject and QueryObject System are trademarks of CrossZ Software Corporation. All other trademarks and registered trademarks referenced in this document are the property of their respective holders. This press release contains certain forward-looking statements 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 are intended to be covered by the safe harbors created hereby. Investors are cautioned that all forward-looking statements involve risks and uncertainty, including without limitation, the Company's development as a software products company, and the ability of certain partnerships to aid in that growth; the capability of the company's products to perform as optimized analytical data marts; and the ability of the company's products to support the performance of other business intelligence tools. Although the Company believes that the assumptions underlying the forward-looking statements contained herein are reasonable, and of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking states included herein, the inclusion of such information should not be regarded as a representation by the Company or any other person that the objectives and plans of the Company will be achieved. CONTACT: Harpell/Martins QueryObject Systems Corporation Mark Williams Mark Williams is the name of the following people: Great Britain
978-461-0202 x24 516-228-8500 x149 mwilliams@harpell.com rthompson@queryobject.com or QueryObject Systems Corporation Jonathan Saunders +44 (0)1814 41 40 23 jsaunders@queryobject.com |
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