| Forecross Inks $728,000 Legacy Migration Contract
May 31, 2000
Contact: Pat Dittmar (Pat@forecross.com)
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SAN FRANCISCO, CA: Forecross® Corporation
(OTCBB: FRXX), a legacy to web and XML implementation solutions company, announced today
that it has signed a contract with a national financial services firm for the migration of
certain of its computer applications from CA-IDMS to DB2. This contract follows the
successful completion of a $150,000 pilot project with this customer, the commencement of
which was announced on October 19, 1999. The value of this new contract alone is $728,000.
"We are very pleased to have been awarded this second contract. Our software
and methodology for conducting complex legacy migration projects - particularly our new
TestSentinelTM product for testing - were key
to our winning this new, large contract, and we look forward to another success,"
commented Bernadette C. Castello, Senior Vice President and Chief Financial Officer.
"This contract will add substantially to the backlog of $2,001,000 as of March 31,
2000, which we reported on May 16, 2000."About
Forecross
Founded in 1982 as a high-technology software development laboratory, Forecross
Corporation is dedicated to the design and development of innovative software to re-deploy
and sustain legacy applications on the Internet. Clients have included such leading
corporations as Aetna Life Insurance Company, Brown Brothers Harriman & Company,
Charles Schwab & Co., IBM Corporation and Bank of America NTSA for its re-deployment
software and services. Teaming partners of Forecross Corporation include KPMG Consulting,
Hitachi Data Systems, TRW, Inc. (BDM International), CIBER, Inc., SCB Computer Technology,
Inc., and Sapiens Americas (a subsidiary of Sapiens International). |
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On Behalf of the Board of Directors,
Bernadette C. Castello
Senior Vice President and CFO
Forecross Corporation
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Except for historical information contained herein, the matters set
forth in this release are forward-looking statements that are dependent on certain risks
and uncertainties, including such factors, among others, as market acceptance, market
demand, pricing, changing regulatory environment, changing economic conditions, risks in
new product and service development, the effect of the company’s accounting policies
and other risk factors detailed in the Company’s SEC and BCSC filings.
The U.S. Securities and Exchange Commission has not reviewed and does
not accept responsibility for the adequacy or accuracy of this News Release, which has
been prepared by the Company.
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