St. Louis, Missouri, USA. Data Research Associates, Inc. (DRA) (Nasdaq: DRAI) confirmed today that Harvard University is no longer negotiating a contract to install DRA's Taos system as the basis for HOLLIS II, Harvard's next-generation library automation project. DRA President and CEO Michael J. Mellinger noted that the Taos system, which has a high level of flexibility and is scalable to any size library, is currently being actively implemented at both new and existing customer sites.
Data Research Associates, Inc., headquartered in St. Louis, is a leading systems integrator for libraries and other information providers, offering its own proprietary information services software, third-party software and hardware, Internet, World Wide Web, networking services and other related support services. Its World Wide Web page is located at www.DRA.com.
This news release contains forward-looking statements, including statements as to anticipated or expected results, beliefs, opinions and future financial performance. These forward-looking statements are based on current expectations and assumptions and involve risks and uncertainties that could cause DRA's actual results to differ materially. Specific risk factors for the statements contained herein include, but are not limited to, the Company's ability to continue to enhance the Taos product; customer acceptance of that Product; DRA's ability to meet installation schedules; and timing of negotiations for sites who have selected Taos but have not yet signed a contract. Some of these risk factors, as well as additional risk factors, are discussed in detail in DRA's Annual Report and in Exhibit 99-1 of its Form 10-K for fiscal year 1999. DRA does not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.