California Software Files For AMEX Listing
SANTA ANA, Calif.--(BUSINESS WIRE)--March 16, 2000--California Software Corporation (OTC BB: CAWC), a leader in IBM Midrange migration products and developer of the award-winning BABY(tm) product line, today announced it has officially filed for listing on the American Stock Exchange.
The Company will announce its new trading symbol and effective date of its listing on the AMEX(r) shortly, upon approval by AMEX.
Bruce Acacio, President and Chief Executive Officer of California Software, commented, ``Filing for an AMEX listing comes at a crucial time to take advantage of the Company's business opportunities and access to capital resources, which will fuel our aggressive acquisition strategy.'
Carol Conway, Vice President of California Software, stated, ``Our growth has been phenomenal over the past year and an AMEX listing was the next logical step to ensuring maximum reach to the investment community. The added exposure that a market listing with the AMEX provides, coupled with the recent increases in California Software's share price, should launch us more in line with our peers and exceed competitors, such as Jacada (NASDAQ: JCDA - news).'
California Software Corporation is the international leading provider of IBM Midrange migration software solutions marketed under the brand name BABY. These products support the migration of IBM AS/400 screens and applications into PC-LAN business environment and enjoy over 100,000 installations in 56 countries.
Forward-looking statements in this release are made pursuant to the ``safe harbor' provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation, continued acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence on third-party suppliers, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.
For additional information, see www.californiasoftware.com
Contact:
California Software
Kate Tague, 949-553-8900
ktague@calsw.com
or
OTC Financial Network
Robert Weiss, 781-444-6100 ext. 11
rick@otcfn.com
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