June 19, 1998 - Forecross Amends Stock Options

Forecross Corporation Amends Stock Options

June 19, 1998

Contact: Pat Dittmar (Pat@forecross.com)

SAN FRANCISCO, CA: Forecross^Ž Corporation (VSE-FRX.U), a leading legacy Migration and year 2000 solution company, announced today that, subject to regulatory approval, the Board of Directors has resolved to amend certain outstanding incentive stock options granted to employees of Forecross between February 2, 1997, and April 6, 1998. These incentive stock options were granted at exercise prices per share ranging from US$9.70 to US$12.70. Forecross intends to amend the current exercise per share of these stock options to US$8.02 per share (representing the average closing price for the 10 days preceding the date of the amendment as reported in the Vancouver Stock Exchange). The amended stock options are subject to the approval of the Vancouver Stock Exchange.

The purpose of the amendment is to ensure that incentive stock options granted by Forecross continue to provide a suitable incentive to its employees to provide services which benefit Forecross and its shareholders and to further ensure that Forecross is able to retain its highly qualified employees in the current competitive labor market.

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 Aetna Life Insurance Company, Brown Brothers Harriman & Company, Charles Schwab & Co., BDM Technologies, Inc., IBM Corporation and Bank of America NTSA for its Migration software services. AASKI Technologies, Ltd., TRW, Inc. (BDM International), CIBER, Inc., Information Sciences Group, Inc., SCB Computer Technology, Inc. are among the teaming partners of Forecross Corporation for its Complete/2000^Ž offerings.

On Behalf of the Board of Directors,

Bernadette C. Castello
Senior Vice President and CFO
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.