| SAN FRANCISCO, CA: Forecross® Corporation
(VSE-FRX.U), a legacy Migration and year 2000 solution company, announced today that the
United States Securities and Exchange Commission (SEC) has completed its review of the
Company’s Form 10 Registration, including amendments. "This is a major milestone for Forecross," said Mr. Kim O.
Jones, President and CEO of Forecross Corporation. "It provides an important
foundation for the continued development of the company."
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. Teaming partners of Forecross Corporation for its Complete/2000®
offerings include AASKI Technologies, Ltd., TRW, Inc. (BDM International), CIBER, Inc.,
Information Sciences Group, Inc., NCR Corporation, SCB Computer Technology, Inc., and
Sapiens Americas (a subsidiary of Sapiens International). |
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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 U.S. Securities and Exchange Commission has not reviewed and does
not accept responsibility for the adequacy or accuracy of this News Release, which has
been prepared by the Company.
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