Just as I suspected, the true bread and butter to Kasten Chase is starting to pick up. They're not out of the woods but just the same they're not over-burdened with a lot of debt either. The company is doing their best and despite what you are saying Peter this company is not crooked. Hope I'm not proven wrong.
TORONTO, Dec. 20 /CNW/ - Kasten Chase (KCA - TSE) today announced a
Teaming Agreement with Electronic Data Systems Corp. (EDS - NYSE) to jointly
identify and market to US Federal Government departments and agencies. Under
the agreement, Kasten Chase will include its VersaPath(TM) e-business solution
with the consulting, integration, and professional services offerings of the
EDS Federal Systems Group. The scope of the agreement includes marketing and
sales activities, sales support and promotional activities, and technical
support for computer and networking equipment, software, systems integration
and related professional services.
"We are very proud to have a partnership with an industry leader such as
EDS," said Paul Hyde, president and chief executive officer of Kasten Chase.
"This agreement provides a vehicle which greatly enhances our potential access
to major US Federal Government contract opportunities."
"Of particular interest," added Hyde, "is the inclusion of VersaPath on
the US Governments' TELOS contract vehicle. The EDS portion of the TELOS
procurement vehicle is approximately US $400 million with a 7 year life span.
TELOS is a US Federal Government-wide procurement vehicle that allows US
Government departments and agencies to purchase listed products and services
directly from the vehicle, thereby streamlining the acquisition stage of the
procurement cycle."
About VersaPath(TM)
VersaPath software enables businesses to utilize their existing
host-centric software applications to securely conduct business over the
Internet. Host-centric software applications are applications that reside in
mainframes, mid-range computers, servers and other centralized computing
environments. A significant portion of corporate applications and data reside
in mainframe environments. In fact, according to Meta Group, an independent
research organization, more than 70% of corporate data still resides in the
mainframe environment. Because these applications were not designed for use
over the Internet, businesses that wish to use them online require solutions
such as VersaPath to enable them to do so.
VersaPath e-business solutions serve as a highly secure, cost effective
and comprehensive bridge between host-centric software applications and the
Internet. They do this by using sophisticated algorithms to interpret and
convert existing data streams into popular browser formats for use over the
Internet. Customers apply these solutions to facilitate Internet access to
their existing software applications. Once accessed, these software
applications can be utilized to the same extent as available by direct
connection with the host computer.
VersaPath includes the necessary data security solutions required to do
business on the Internet. End-to-end data encryption and strong authentication
ensure the protection and integrity of competitive, mission critical and
business sensitive data in an e-business environment. VersaPath is a highly
scalable solution, appealing to organizations with between 500 and 40,000
employees.
About e-Business
Conducting business online and providing employees, customers, suppliers
and other third parties with online access to business applications is
commonly referred to as e-business. E-Business initiatives can include such
activities as companies purchasing and selling goods and services, extending
central applications to branch offices, vendors sharing inventory and sales
information with distribution partners to enhance their sales process, and
companies utilizing applications of other companies. The strategic importance
of e-business is driving the demand for solutions that enable existing
software applications to be accessible from and operate over the Internet.
About EDS
EDS, a leader in the global information technology services industry for
more than 35 years, delivers management consulting, electronic business
solutions, business process management, and systems and technology expertise
to improve the performance of more than 9,000 business and government clients
in about 50 countries. EDS reported revenues of $16.9 billion in 1998. The
company's stock is traded on the New York Stock Exchange (NYSE:EDS) and the
London Stock Exchange.
About Kasten Chase
Kasten Chase is a leader in the data communications industry, with proven
experience in developing enterprise solutions for companies worldwide. Kasten
Chase invests in the identification, development and marketing of advanced
technology solutions in the areas of e-business, wireless data communications
and data security solutions. For further information, visit the Company's
website at kastenchase.com. |
