Computron Software Makes Announcement
Monday, March 31, 1997 6:18:00 PM EST
RUTHERFORD, N.J.--(BUSINESS WIRE)--March 31, 1997--(OTC: CTRN) On January 27, 1997, Computron Software, Inc., announced that
information had come to the attention of the Board of Directors that may impact previously reported financial statements.
Arthur Andersen LLP, the company's independent auditors, has not yet completed its review of this information and the 1996 audit and accordingly, the
company filed a notification of late filing with the Securities and Exchange Commission in order to complete its report on Form 10-K. The company expects
that the evaluation of these matters on previously reported results and the effect, if any, on the 1996 financial statements will be completed on or before April
15, 1997 and that the 1996 Form 10-K will be filed on or before such date.
The company cautions that the preceding statement is forward looking in nature and concerns matters currently under evaluation by Computron and its
independent auditors. This statement is only a prediction and the actual completion date of the evaluation and reaudit and the 10-K filing date may differ. No
assurances can be given that the evaluation and reaudit of the Company's financial statements will be complete by April 15th or that the company will be able to
file its 1996 Form 10-K on or before such date.
Computron Software, Inc., Background Information
Headquartered in Rutherford, New Jersey, Computron Software, Inc. is an international l software company that designs, markets and supports 3-tier
workflow and internet-enabled client/server-based financials, workflow, COOL (Computer Output On-Line Laser Disk) and maintenance and materials/work
management software solutions. Computron products are interoperable across most major UNIX and legacy architectures, as well as on Microsoft Windows
NT. The company currently markets its products and services worldwide through a direct sales force and indirect channels. The company has offices and
distributors in 14 countries in North America, Europe, and Asia. |
