Business Services Industry
Timeline Receives Data Mart Technology Patent in China; Second Patent Issued in Australia
Business Wire, Sept 22, 2004
BELLEVUE, Wash. -- Timeline, Inc. (OTCBB:TMLN), announced today it has been issued a patent by the People's Republic of China. Additionally, a second patent has been issued in Australia. The technology covered by these patents parallel many of the claims of Timeline's five United States Patents on innovations for the automation of data mart design with multiple source capability. Timeline's embodiment of the patented technology is primarily in products that utilize data marts in the transformation, preparation, publication and maintenance of accounting and financial data for reporting, budgeting and analysis.
"The Chinese patent expands protection for Timeline's intellectual property in an important world market," stated Charles Osenbaugh, president and chief executive officer. "This, along with the expanded coverage in Australia, augments the rights we previously were provided under patents issued in Canada, Mexico, Israel, Australia, Singapore and the United States. Timeline's unique technology allows it and its licensees to provide solutions that can dramatically improve the efficiency of designing, building and propagating data marts and data warehouses."
Timeline's product line applies its patented technology to distribute data marts of information drawn from a wide variety of accounting, ERP and financial systems. These data marts are used on the desktop for reporting, budgeting and analysis displayed through Timeline's web and Excel-based products. This eliminates re-keying of data while maintaining data integrity, and allows each end user to develop personal analysis or reports using Timeline-enhanced technology. The company's primary products, Timeline Analyst and Timeline Budgeting, provide reporting, budgeting and consolidations through client/server and desktop software applications based on Windows/Windows NT and Microsoft Office systems and data marts built in Oracle, IBM or Microsoft relational data base management systems.
About Timeline
Timeline develops, markets and supports proven, Microsoft Windows-based financial management reporting software suitable for complex applications such as those found in medium to large, multinational corporations. Timeline Analyst was developed for Windows and Office and takes full advantage of Microsoft's latest operating systems. Timeline can be reached at 800-342-3365 or on the web at www.timeline.com. WorkWise Software, Inc., a subsidiary of Timeline, is the leading provider of event-based notifications, application integration and process automation systems to the mid-market. The WorkWise solutions are exclusively available through authorized OEM and Reseller Business Partners. For more information on WorkWise Software, Inc., visit its website at www.workwise.com. Analyst Financials Ltd., a London-based subsidiary of Timeline, markets, licenses and provides consulting for Timeline Analyst products in Europe and Africa.
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