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Technology Stocks : Information Architects (IARC): E-Commerce & EIP

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To: Paul Westley who wrote (246)4/3/1997 10:36:00 AM
From: Jeffrey S. Mitchell   of 10786
 
Alydaar Software Corporation Announces Election Of J. Alex McMillan As A Director

PR Newswire - April 03, 1997 10:11
CHARLOTTE, N.C., April 3 /PRNewswire/ -- Alydaar Software Corporation (OTC-Bulletin Board: ALYD)

Chairman and CEO Robert F. Gruder announced today the election of J. Alex McMillan as a Director.

McMillan, President of The McMillan Group, L.L.C., merchant bankers and consultants, formerly represented the Charlotte area in the U.S. House of Representatives for ten years, was President of Harris-Teeter Supermarkets, a multi-billion dollar revenue company, for eight years, and was CFO of Ruddick Corporation, parent of Harris-Teeter, for eight years. He is a Director of Interstate/Johnson Lane and served as a Director of Info Systems prior to its recent merger with Sykes Enterprises.

"Alex brings to the Board extensive financing experience and a working knowledge of the budgetary and management issues facing the Federal Government and business with respect to Alydaar's unique solutions to repair large software systems impacted by the Year 2000 issue," said Gruder.

"Failure of the government and the private sector to successfully resolve the Year 2000 issue as soon as possible could have catastrophic consequences in three years. I will assist Alydaar in gaining exposure to its SmartCode(TM) technology," said McMillan.

Alydaar Software Corporation is a software reengineering firm offering successful translation and migration reengineering solutions. Alydaar has developed a total solution to repair large software systems impacted by the Year 2000 issue utilizing its SmartCode technology. This SmartCode core technology is based on highly flexible automated Artificial Intelligence Language. SmartCode can examine and understand a company's entire software system and identifies inherited date-sensitive characteristics. The system will evaluate a company's date-solution opportunities and difficulties and reengineer software to incorporate the necessary corrections. Additional information is available on the Internet at www.alydaar.com.

SOURCE Alydaar Software Corporation

CONTACT: Thomas J. Dudchik, Alydaar Software Corporation, 704-367-2049
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