Forecross Corporation Signs Year 2000 Migration Project with Time Insurance Company

October 16, 1996

Contact: Pat Dittmar (Pat@forecross.com)

San Francisco, California—Forecross® Corporation (VSE-FRX.U) announced today that it has signed an agreement with Time Insurance Company to bring certain applications into year 2000 compliance using the Forecross Complete/2000™ factory. Under this agreement Forecross will also migrate certain COBOL and ADSO IDMS applications to DB2 and expand the related databases to meet year 2000 requirements. Forecross will receive an aggregate payment of $307,000 US for its Migration services.

"With this agreement Forecross has signed its first Complete/2000 engagement, including analysis, automated Migration in our factory, and data expansion." said Kim Jones, President and Chief Executive Officer. "This powerful demonstration of Forecross’ expanding Migration business is made possible by our transition to a fully automated software-Migration factory, which is at the core of our Complete/2000 solution to the year 2000 problem."

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.

On Behalf of the Board of Directors,

Kim O. Jones
President and CEO
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 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.