San Francisco, CaliforniaForecross®
Corporation (VSE-FRX.U) announced today that it has signed an agreement to migrate certain
COBOL and ADSO IDMS applications to ORACLE for a leading Canadian university. Under the
terms of this agreement Forecross will receive an aggregate payment of $750,000 US for its
Migration services.
"This Migration will enable our customer to
move certain key applications from a mainframe environment to a client server
environment" said Kim Jones, President and Chief Executive Officer. "This is our
first Migration with ORACLE as the target database and another project made possible by
our transition to a fully automated software-Migration factory, which is also 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 Corporations Convert series of products is available
directly to the IS community, optionally packaged with the Corporations proven
methodologies and services. Complete/2000 is Forecross Corporations 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 companys
accounting policies and other risk factors detailed in the Companys 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. |