| SAN FRANCISCO, CA: Technology industry executive Richard
Carpenter has been named to the Board of Directors of Forecross® Corporation (VSE-FRX.U),
a leading legacy Migration and year 2000 solution company. Mr. Kim O. Jones, President, CEO and Chairman of the Board, commented,
"Our mission is to expand the depth, knowledge, and experience of our Board, whose
counsel and guidance will be of tremendous value as we grow. We are especially pleased to
announce Rich’s addition and look forward to the special talents he will contribute
to our Company."
Mr. Carpenter, who was educated in Electrical Engineering at
MIT, has been actively participating in the software industry for the past 29 years. He
began his tenure in the software industry as a co-founder of Index Systems in 1969. Index
Systems is now CSC/Index. In 1983 he co-founded and served as President and CEO of Index
Technology Corporation until its merger with Sage Software in 1991 to form Intersolv
Software.
"The experience which Forecross has gained over the last
15 years in automating the Migration of software from one environment to another places it
in a strong position to provide high quality, rapid turnaround, automated year 2000
renovation services to its clients," observed Mr. Carpenter.
Currently Mr. Carpenter is president of Carpenter Associates,
a small consulting firm which provides strategic planning and product marketing assistance
to early stage software companies. His particular interests are in custom software
development tools, methodologies to improve the software development process, software
which leverages emerging hardware technologies and the utilization of technology to
facilitate the learning process. He also serves as Chairman of the Board of two companies
which he co-founded: Corex Technologies Corporation and Healthcourt Technologies Inc.
Founded in 1982 as a high-technology software development
laboratory, Forecross Corporation is dedicated to the design and development of innovative
conversion software. Clients have included such leading corporations as IBM Corporation,
Aetna Life Insurance Company, Brown Brothers Harriman & Company, Charles Schwab &
Co., BDM Technologies, Inc., and Bank of America NTSA for its Migration software services.
Teaming partners include BDM International, Inc., NCR Corporation, SCB Computer
Technology, Inc., and Electronic Data Systems Corporation (EDS) for its Complete/2000TM
offerings. |
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. |
