| SAN FRANCISCO, CA: Forecross® Corporation
(OTCBB-FRXX; VSE-FRX.U), an application Migration and Year 2000 solutions company,
announced today that it has signed a contract with Quality Systems Inc. Formerly known as
Tracor, Inc., Quality Systems is now a subsidiary of Marconi North America, a subsidiary
of General Electric Company, p.l.c. ("GEC"). Under this contract, Forecross will
use its Complete/2000® solution and automated factory in San Francisco to bring into Year
2000 compliance certain applications belonging to Montgomery County, Maryland, a client of
Quality Systems Inc. The customer's code is IMS ADF/II, an IBM language originally written
in the 1970's. The Company believes this contract is important because it is the first Y2K
automated project renovating this computer language. Forecross
Corporation also announced today that it has signed another contract with Charles Schwab
& Company, Inc. (NYSE-SCH) to migrate additional IDMS applications to DB2. This is the
third legacy Migration contract that Forecross has signed with Charles Schwab in the
past eighteen months.
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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