News out and the market doesn't give a rat's ass:
Wednesday June 9, 9:39 am Eastern Time
Company Press Release
Transformation Processing Inc.- Large Canadian
Retailer Expands Year 2000 Embedded Systems
Contract with Transformation Processing
MISSISSAUGA, Ontario--(BUSINESS WIRE)--June 9, 1999-- Transformation Processing Inc. (OTCBB: TPII - news)
today announced that the Company has signed an addition to its existing Year 2000 embedded contract with a major Canadian
retailer. (TPI has not disclosed the customer's name in respect of this publicly traded retailer's policy prohibiting public
alignment with suppliers.)
The Year 2000 embedded project with TPI began in the fall of 1998 and was extended earlier in April '99 in order to bring
closure to the Discovery Phase of the project.
TPI was successful in securing an additional $100,000.00 contract to provide leadership in the next phases of the retailer's
Year 2000 embedded project; remediation and contingency planning.
TPI's Director of Professional Services, Jack Waterfield said, ''The overall Year 2000 topic requires a variety of skill sets and
the embedded project with this major retailer is a good illustration of this trait. This client has several hundred physical locations
spread across Canada. Strong project management skills are of paramount importance in order to oversee the inventory
collection and assessment portions of such an immense undertaking. Then, it was TPI's professional vendor research, which
enabled the efficient compliance checking of their embedded devices. In early May, it was TPI's detailed understanding of the
their environment which appealed to the retailer when it came to the next logical step in their Year 2000 Embedded Systems
Project, remediation and contingency planning.''
Transformation Processing Inc. (TPI) is an Information Technology (IT) provider offering software solutions and services to
clients globally. TPI provides a full range of application software and data migration services using its proprietary technology,
which enables clients to migrate their applications from legacy systems to open systems and client server environments. In
addition, TPI markets and supports enterprise workflow and management relationship solutions through turnkey implementation
of the world's most effective asset management, sales force automation and customer relationship software management tools.
To round out its service offerings TPI is engaged in Year 2000 solutions in both IT and Non-IT environments. At TPI, the
focus is on business solutions that leverage existing corporate assets into future productivity gains.
This press release includes forward-looking statements that involve risks and uncertainties, including the timely development
and acceptance of new products, the impact of competitive products and pricing, the timely funding of customers' projects,
customer payments to the Company and the other risks detailed from time to time by the Company in the reports filed with the
U.S. Securities and Exchange Commission, which may be obtained at www.sec.gov.
Contact:
TPI
TPI Investor Relations Department
905/206-1366
Investor Contact: John McGee
E-mail: jmcgee@tpii.com
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