| SAN FRANCISCO, CA: Forecross® Corporation
(VSE-FRX.U), a leading legacy Migration and year 2000 solution company, announced today
that it has signed an agreement with Brown Brothers Harriman & Co. under which
Forecross will analyze and renovate for year 2000 compliance approximately 4,000,000 lines
of code. This agreement, which is an expansion of the contract between the two companies
undertaken in 1997 for certain application Migrations and year 2000 renovations, brings
the total number of lines of code to be processed for Brown Brothers Harriman & Co. by
the Forecross Complete/2000 fully-automated factory to approximately 9
million. "Quick-Start 2000 just makes
economic sense both in terms of cost and time savings," says J. William Anderson,
Chief Information Officer, Brown Brothers Harriman & Co.
"We are proud to announce this additional project with
Brown Brothers," commented Bernadette C. Castello, Senior Vice President and CFO,
Forecross. "Even with this additional 4 million lines of code, we anticipate a
successful completion of the entire project nearly eight months ahead of the original
schedule."
This expansion brings the aggregate value of the overall
project with Brown Brothers Harriman & Co. to approximately $3,800,000, of which
approximately $1,200,000 has been received and the balance is expected to be received by
the end of the Company’s current quarter.
About Brown Brothers Harriman
Founded in 1818, Brown Brothers Harriman & Co. is America's oldest and largest private
bank. The firm is owned and managed by partners with full banking offices located in
Boston, New York and Philadelphia. Other offices are located in Chicago, Dallas,
Los Angeles, Naples, Palm Beach, Charlotte, London, Luxembourg, Dublin, Hong Kong, Tokyo,
Zurich and Grand Cayman.
About Forecross
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., NCR Corporation, SCB Computer Technology, Inc. are among the teaming partners
of Forecross Corporation for its Complete/2000® offerings. |
