| Forecross Signs $3,500,000.00 Legacy Migration Contract
May 7, 2001
Contact: Pat Dittmar (Pat@forecross.com)
|
SAN FRANCISCO, CA: Forecross® Corporation
(OTCBB: FRXX), a legacy-to-web and XML implementation solutions company announced today
that it has signed a new contract with an airline industry services corporation for the
conversion of certain of its CA-IDMS applications to IBM's DB2. This contract for an
aggregate of $3,500,000 of legacy migration work, includes $500,000 of work in a contract
previously announced by Forecross on March 6, 2001.
"We believe that this contract reflects a worldwide corporate interest in improving
business efficiency through IT modernization. For the last six months, we at Forecross
have seen a dramatic increase in interest in our Legacy to Web and XML tools and service
offerings," commented Bernadette C. Castello, Senior Vice President and CFO,
Forecross Corporation. "Also, we are happy to point out that this contract adds to
our backlog of signed business in an amount greater than the past nine months' average
operating expenses."
About Forecross
Founded in 1982 as a high-technology software development laboratory, Forecross
Corporation is dedicated to the design and development of innovative conversion 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., BDM Technologies, Inc., IBM Corporation and Bank of
America NTSA for its migration software services. Teaming partners of Forecross
Corporation include CIBER, Inc., SCB Computer Technology, Inc., and Tiburon Technologies. |
|
On Behalf of the Board of Directors,
Bernadette C. Castello
Senior Vice President and CFO
Forecross Corporation
|
|
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.
|
|
