|The most important news at Veritus is the debut
of the fourth generation software and algorithms.
Veritus is also evaluating the results of the new Algorithms and has found them to be authoritative with most renaissance artists. The Veritus technicians will continue to run tests in this area over the next calendar year. If the testing continues to show the stellar results that have been occurring with Renaissance artists, Veritus will expand completely into the renaissance period of attributions over the next year.
These new developments are allowing the technicians to reduce the amount of time required for the research into an individual painting by approximately 5 percent. Although this may not seem like a significant savings in time, it will allow for the expansion of the artist committees. This reduction in computer time will allow each of the various artist research committees at Veritus to expand the scope of their operation and perhaps be able to issue the Catalogue Raisonn�s ahead of schedule. Veritus is also in hopes that with this new expanded capability it might become economically feasible to evaluate the works of less important artists who have escaped the attention of the media, museums and collectors.
Veritus AG would like to take this opportunity to inform you of the following changes that will occur over the next few months. Veritus AG, all rights to Veritus proprietary technology and the complete Veritus database have been sold to an Asian consortium. This consortium will continue to provide all present Veritus services. In addition, the new organisation will expand both the range of services offered and service locations.
Veritus AG will complete all digital verifications and re-verifications that were in the respective queues as 15 March 1999. No new submissions for digital verification or re-verification will be accepted at the Swiss offices. All submissions including those for inclusions in the catalogue raisonn�s should be postponed until notification of the opening of the new headquarters.
All research data for catalogue raisonn�s and files are in the process of being transferred and will be completed at the new locations. The new organisation will expand the range of digital verification possibilities to include Impressionist and Post-Impressionist artists. Locations for submissions will be established in Asia, North America, and within the European Economic Community.
Veritus offers its sincere regret for any short-term inconvenience that this transfer of operations might cause to its valued clients. However, in the longer term, the new organisation will provide a much broader range of services in a more expeditious manner than was ever possible from the Swiss operation.
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