[MD1] Roaster Tech Closes Its Doors
PRESS RELEASE
IMMEDIATE RELEASE
ROASTER TECHNOLOGIES CLOSING ITS DOORS EFFECTIVE IMMEDIATELY
December 11, 1997 Cambridge, Massachusetts. Roaster Technologies' Board of
Directors this week concluded, regretfully, that the financing necessary to
keep Roaster Technologies a vital concern in the competitive Java developer
tools marketplace was not likely to occur within a reasonable time frame.
The Board also decided to make the technological assets of the company
available for purchase.
All day-to-day business activities will cease immediately. Until the end of
the year, John Dhabolt, President/CEO, will continue to be involved in the
required business closure activities. Additionally, Dhabolt will be
interviewing companies and individuals who have expressed interest in
acquiring all or part of the technological assets of the company.
Dhabolt expressed his regret for the inconvenience to current Roaster
users. "We have an exceptional product--witness the great press and
industry accolades received over the last two years. At this stage of our
development, however, sales alone cannot generate the investment required
to continue producing the first class products our users rightfully
demand."
"I will continue to work hard toward our current goal of finding a company
to acquire our technology whose ideals for Java development reflect those
of Roaster Technologies," Dhabolt added. "We know there are companies who
would certainly be able to complement their current efforts with the
acquisition of our technology."
The technological assets include:
* the recently announced Java-based Roaster 4
* the Macintosh Java Virtual Machine source code
* the PowerPC JIT technology
* the currently shipping Macintosh-based Roaster 3.0 and 3.1 products
Companies interested in any or all of the technological assets of the
company should direct their inquiries to John Dhabolt at
dhabolt@roaster.com, (617) 876-4031 x1213.
Please note: 'Roasted Java News' (http://www.roaster.com/news/) will
continue to publish its daily edition.
Contact:
John Dhabolt
(617) 876-4031 x1213
dhabolt@roaster.com
