SAN FRANCISCO, CA: Forecross® Corporation
(VSE-FRX.U), a leading legacy Migration and year 2000 solution company, announced today
that on April 6, 1998, it granted employee stock options to fourteen of its employees to
purchase an aggregate of 40,500 shares of Common Stock at an exercise price of US$11.50.
per share, representing the closing price of the company's Common Stock on the date of the
grant as reported in the Vancouver Stock Exchange. The options are for a term of five
years and expire on April 6th, 2003.
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 NT&SA for its Migration
software services. Teaming partners include TRW, Inc. (BDM International), CIBER, 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. |
