ConSyGen completes Year 2000 conversion
Tuesday June 10 8:31 AM EDT
Company Press Release
ConSyGen completes Year 2000 conversion
PHOENIX--(BUSINESS WIRE)--June 10, 1997--ConSyGen Inc. (NASDAQ:BB - news) announced today that it hascompleted the automated conversion phase of the Year 2000 correction for nearly 1.5 million lines of COBOL code running on a Hewlett-Packard 3000 system.
``This is a truly exciting day for ConSyGen,'' stated Ron Bishop, president and chief executive officer. ``We believe that we have successfully demonstrated that our ConSyGen 2000 (patent pending) toolset has thecapability to automatically convert source code to be Year 2000 compliant.'' The converted code has beenforwarded to Millenium Enterprises Inc. for testing. ConSyGen believes that the converted code will compile andexecute just as the original code did.
After ConSyGen completed the modification of its toolset to accommodate the HP 3000 environment, it tookConSyGen approximately one (1) month to do the cataloging, the verification of date codes and cross referencesand the conversion of approximately 1.5 million lines of COBOL code to be Year 2000 compliant. Bishop statedthat ConSyGen's ability to quickly convert code to be Year 2000 compliant provides ConSyGen with a competitive advantage in the market for Year 2000 services.
ConSyGen Inc. is a Phoenix-based software company that provides conversion/correction services with itsproprietary technologies. The company's ConSyGen 2000 software is a fully-automated toolset that automatically corrects dates in both source code and data to be compliant for the Year 2000 and beyond. The company's ConSyGen Conversion toolset automatically converts software to run a different hardware platform...For example, software running on older Bull, IBM, Unisys, etc., mainframes can automatically be converted to run on the new Client/Server platforms (often called downsizing).
The information contained in this press release contains forward-looking statements concerning the company's financial performance and business operations. The company wishes to caution readers of this information that actual results might differ materially from those projected in any forward-looking statements. Factors which might cause actual results to differ materially from those projected in the forward-looking statements contained herein include the following: the company's inability to fund its business, either through continuing operations or obtaining additional financing; failure of the company's ConSyGen 2000 toolset to enable the company to
successfully convert software programs so that they are Year 2000 compliant; setbacks in developing the ConSyGen 2000 toolset or the company's other software products; market acceptance of the company's products; competitive factors; technical obsolescence of the company's products; and the ability of the company to protect its proprietary information.
Contact:
ConSyGen Inc., Phoenix
Ron Bishop, 602/496-4545
or
Martin E. Janis & Co. Inc., Chicago
Elliott Jacobson, 312/943-1100 |
