Application
Integrity Management Product Sets New Course for the Company
San Francisco-based Forecross
Corporation (OTCBB: FRXX) today announced the general availability of its new product,
Sentinel/IM. This licensable product will enable Information Technology organizations to
ensure the integrity of their applications as they are developed and maintained.
Sentinel will initially be marketed to organizations using the COBOL language for
application development, including IBM, HP, DEC, UNISYS and Tandem COBOL. While Forecross
will market and license this product directly to customers, the Company will also pursue
large software product vendors and hardware manufacturers as re-sellers.
Sentinel is a stand-alone product that is part of the Forecross Enterprise Application
Integration initiative. Under this initiative, Forecross plans to develop additional
products and integrate them to provide business intelligence to IT management. The
software will carry an initial annual license fee of between $150,000 and $350,000
depending on the number of seats and the options chosen. Annual license renewal fees will
be 15-20% of the initial license fee.
"Today, with e-business and other internet-related applications becoming vital to
many businesses, it is imperative that IT managers know that the integrity of their
applications is not backsliding during the course of maintenance and enhancement. Change
is a fact of life in IT systems," commented Kim O. Jones, President and Chief
Executive Officer. "As more and more changes are made, the integrity of IT
applications is compromised. Without Sentinel, an application can easily devolve into a
state of non-maintainable chaos."
About Forecross
Founded in 1982 as a high-technology software development laboratory, Forecross
Corporation is dedicated to the development and licensing of innovative software focused
on enhancing the value of existing applications. Clients have included such leading
corporations as Aetna Life Insurance Company, Brown Brothers Harriman & Company,
Charles Schwab & Co., IBM Corporation and Bank of America NTSA. |
|
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.
|
