San Francisco,
California-Forecross(r) Corporation (VSE-FRX.U) announced today that it has signed an
agreement with United Stationers Supply Company to migrate certain COBOL and ADSO IDMS
applications to DB2 and to expand the related databases to meet Year 2000 requirements.
Under the terms of this agreement Forecross will receive an aggregate payment of $695,000
US for its Migration services.
"With this agreement Forecross has signed
more than $2 million dollars in business over the past six weeks. This is more business
than the Company has booked in any previous 52 weeks in our history!" said Kim Jones,
President and Chief Executive officer. "This powerful demonstration of Forecross'
expanding core Migration business is made possible by our transition to a fully automated
software-Migration factory, the same factory that is at the core of our Complete/2000
solution to the Year 2000 problem."
"The massive data and source Migration this
impending global software crisis will demand is finally becoming broadly appreciated. The
Year 2000 problem is estimated as a 300 to 600 billion dollar market. An automated
Migration is the best way to handle this problem and Forecross is the world's leader in
automating Migration. We couldn't be more excited about our prospects in this burgeoning
market."
Founded in 1982 as a high-technology software
development laboratory, Forecross Corporation is dedicated to the design and development
of innovative conversion software. Its clients have included such leading corporations as
IBM Corporation, Royal Bank of Canada, Bank of Montreal, Fujitsu Limited, On-Line Software
International, Inc., Pansophic Systems, Inc., Price Waterhouse, Cincom Systems, Inc.,
Kimberly-Clark Corporation, BDM Technologies, Inc. and Bank of America National Trust and
Savings Association. Forecross Corporation's Convert series of products is available
directly to the IS community, optionally packaged with the Corporation's proven
methodologies and services. Complete/2000 is Forecross Corporation's automated solution
for the year 2000 market and the latest innovation offered by the Company to the IS
community. |
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 Vancouver Stock Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this News Release, which has been prepared
by the Company. |
