Tuesday November 23, 9:45 am Eastern Time
Company Press Release
SOURCE: Planet City Corp.
Planet City Announces Software and Services Project
SEDONA, Ariz., Nov. 23 /PRNewswire/ -- Planet City Corp. (OTC Bulletin Board: PINC - news) is pleased to announce a software and services project for its intended acquisition target, Topology Systems, Inc. Estimated value of the project is in the upper six digit range.
SAIC-IS (formerly Boeing Information Services) has verbally approved the project with Topology Systems, Inc. to perform automated source code analysis services for a major Department of Defense (DOD) client of SAIC.
SAIC selected Topology's tool set because of its ability to operate rapidly and effectively on a mainframe computer. The Catalyst-Y2000(TM) tool set provides a complete array of reports, and generates highly accurate documentation at exceptional speed.
The customer's application requires flawless operations. The highly complex 30 year old, virtually undocumented system consists of over 6 million lines of code, and provides services to six distinct DOD populations. Topology's tool set will provide extensive analysis and documentation of the application's source code. Through utilization of the Topology technology, a 35 person team processing code for 12 months will be able to completely analyze, document, catalogue, and develop an information repository for the client. In addition, SAIC will be introducing Topology's tool set to other clients within the SAIC world.
Ples Bruce, President of Topology, says ''We are very pleased that our software and services have been validated by SAIC, a Fortune 500 company that is the nation's largest employee-owned research and engineering firm. The essence of this relationship is based on the value of our technology and the quality of our services.''
Planet City Corp (OTC Bulletin Board: PINC - news) has an outstanding Letter Of Intent to acquire Topology Systems, Inc.
About SAIC: A diversified high-technology research and engineering company based in San Diego, California, Science Applications International Corporation (SAIC) offers a broad range of expertise in technology development and analysis, computer system development and integration, technical support services, and computer hardware and software products. saic.com .
About SAIC-IS: SAIC acquired Boeing Information Services in June of 1999. saic.com
Contact:
Ples Bruce, President, Topology Systems, Inc. 1-770-988-8067
Mike Huston, SAIC-IS, 1-317-585-2509
For further information call: 1-877-840-PINC
Certain of the statements contained herein which are not historical facts are forward-looking statements with respect to events, the occurrence of which involve risks and uncertainties. Any such forward-looking statements are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements.
SOURCE: Planet City Corp.
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