| April
4 , 2005
Open Solutions to Announce
First Quarter 2005 Financial Results.
GLASTONBURY, Conn., April 4 /PRNewswire-FirstCall/
-- Open Solutions Inc. (Nasdaq: OPEN),
a provider of integrated enabling
technologies for community financial
institutions, announced today that
it will release its financial results
for the first quarter ended March
31, 2005 after the close of the financial
markets on Wednesday, April 27, 2005.
Shortly following the earnings announcement,
Open Solutions will host an investor
conference call at 5:00 p.m. Eastern
Daylight Time (EDT) on Wednesday,
April 27. The conference call will
be webcast live, and the recorded
webcast and telephone replays of the
conference call will be available
two hours after the conference call
is complete. The webcast and telephone
replays will be accessible for one
week following the conference call.
Instructions on how to gain access
to the webcast, the live phone call
and telephone replay are listed below.
Webcast and Phone Call
Open Solutions will host a live webcast
of its First Quarter Investor Conference
Call on Wednesday, April 27 at 5:00
p.m. EDT. To access the webcast, visit
Open Solutions' web site located at
http://www.opensolutions.com, enter
the Investor Relations section and
click on the Event Calendar link.
To access the live conference call
by phone, call (800) 291-5365 (or
617/614-3922 outside the United States),
and enter the pass code 76009989.
Telephone Replay
A telephone replay of the call will
also be available for one week after
the live call by calling (888) 286-8010
(or 617/801-6888 outside the United
States), and entering the pass code
11632817.
About Open Solutions
Open Solutions Inc. offers a fully
featured strategic product platform
that integrates core data processing
applications, built on a single centralized
Oracle(R) relational database, with
Internet banking, cash management,
CRM/business intelligence, financial
accounting tools, imaging, Check 21,
electronic image/item processing,
interactive voice response, payment
and loan origination solutions. Open
Solutions' full suite of products
and services allows banks, thrifts
and credit unions in the United States
and Canada to better compete in today's
aggressive financial services marketplace,
and expand and tap their trusted financial
relationships, client affinity, community
presence and personalized service.
For more information about Open Solutions,
or its financial product line, contact
Mickey Goldwasser by email at mgoldwasser@opensolutions.com,
by phone at 860.652.3153 or via fax
at 860.652.3156. Visit Open Solutions'
Internet site at http://www.opensolutions.com.
Open Solutions Inc.(R) and The Complete
Banking Solution(R) are registered
trademarks of Open Solutions Inc.
All other company and product names
may be trademarks of their respective
owners. Copyright (C) 2005 Open Solutions
Inc. All rights reserved.
Safe Harbor Statement
Statements made in this press release
that state Open Solutions Inc.'s or
management's intentions, beliefs,
expectations, or predictions for the
future are forward-looking statements
within the meaning of The Private
Securities Litigation Reform Act of
1995. Readers are cautioned that these
statements are only predictions and
may differ materially from actual
future events or results. All forward
looking-statements are only as of
the date of this press release and
Open Solutions Inc. undertakes no
obligation to update or revise them.
Such forward-looking statements are
subject to a number of risks, assumptions
and uncertainties that could cause
Open Solutions Inc.'s actual results
to differ materially from those projected
in such forward-looking statements.
Factors which could cause our actual
results to differ materially from
those projected in forward-looking
statements include, without limitation,
economic, competitive, governmental
and technological factors affecting
the banking and credit union industry
and/or Open Solutions Inc.'s operations,
markets, products, services, prices
and other factors set forth under
the heading "Factors That May
Affect Future Results" in Open
Solutions' Annual Report on Form 10-K
for the year ended December 31, 2004,
as filed with the Securities and Exchange
Commission on March 16, 2005.
SOURCE Open Solutions Inc.
CONTACT:
CORPORATE COMMUNICATIONS:
Marvin (Mickey) Goldwasser,
+1-860-652-3153,
mgoldwasser@opensolutions.com, or
INVESTOR RELATIONS:
David M. Henderson,
+1-860-652-3155,
ir@opensolutions.com
Contact: Marvin (Mickey) Goldwasser Open Solutions
Inc. 860.652.3153
mgoldwasser@opensolutions.com
www.opensolutions.com
.
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