ConSyGen Signs Contracts for Y2K Consulting Services
TEMPE, Ariz., Jul 8, 1999 (BUSINESS WIRE via COMTEX) -- ConSyGen(OTCBB: CSGI) announced today that it
has executed a contract agreement for Y2K Consulting and Audit Services with Market Transition Facility Of New
Jersey, a member of the New Jersey Automobile Full Insurance Underwriting Association, and two of MTF's
vendors, AMGRO and AIPSO.
The Consulting and Audit services contract is valued at approximately $250,000.00. ConSyGen will conduct audit
services to provide MTF and its vendors with an understanding of their current Y2K compliance levels and the
amount of code remediation they will require.
Lewis Burridge, ConSyGen's president stated: "We are very pleased with the market response of our introduction
of Y2K Consulting and Audit Services. AMGRO and AIPSO are the first of many MTF vendors expected to utilize
our services. We believe that many of these clients who look to us for Consulting and Audit Services will also trust
us with their remediation and testing needs. As we quickly approach the year 2000, more companies are realizing
the urgent need to focus on risk mitigation and assessment of compliance. This market segment coupled with
intense international remediation activity will continue the demand for ConSyGen's services well past the Y2K
deadline. We fully expect ConSyGen's Enterprise Services Group, which provides Y2K products and services from
impact assessment to testing, to be fully loaded with projects throughout the year 2000 and into 2001."
Y2K Consulting and Audit Services is the first of two additional Y2K Services ConSyGen now offers through its
Enterprise Services Group. ConSyGen has developed a flexible 12-step model for conducting Y2K Audits. The
Audit process is a precursor to remediation activities and focuses on providing customers with an understanding of
their current Y2K compliance levels and aids in decision support by providing companies with a road map to
determine their Y2K compliance strategies. Once a company's Y2K compliance strategy is in place, ConSyGen is
able to offer additional services such as remediation and testing services. ConSyGen can provide full service Y2K
compliance services if a client so desires.
ConSyGen Inc. is a Phoenix-based company engaged in eCommerce and providing Year 2000 remediation and
independent verification and validation services using its proprietary automated software technology.
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NOTE TO EDITOR: Caution Regarding Forward-Looking Statements: Statements contained in this release other
than statements of historical fact may be deemed to be "forward-looking statements."
Forward-looking statements involve risks and uncertainties which may cause actual results to differ materially from
those projected in such forward-looking statements. Factors which could affect results include the development of
competing or superior technologies, market awareness and acceptance of ConSyGen technology, overall market
demand for conversion services, the company's ability to attract and retain qualified personnel and to protect its
propriety information, and other risk factors set forth in the company's SEC filings.
Copyright (C) 1999 Business Wire. All rights reserved.
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CONTACT: ConSyGen Inc.
Steven M. Smith, 480/394-9100
www.consygen.com
or
HKT Investor Relations
480/446-8640
hktir@aol.com
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