Wednesday May 31, 11:17 am Eastern Time
Company Press Release
Forecross Inks $728,000 Legacy Migration Contract
SAN FRANCISCO--(BUSINESS WIRE)--May 31, 2000--Forecross© Corporation (OTCBB: FRXX - news), a legacy to web and XML implementation solutions company, announced today that it has signed a contract with a national financial services firm for the migration of certain of its computer applications from CA-IDMS to DB2. This contract follows the successful completion of a $150,000 pilot project with this customer, the commencement of which was announced on October 19, 1999. The value of this new contract alone is $728,000.
``We are very pleased to have been awarded this second contract. Our software and methodology for conducting complex legacy migration projects - particularly our new TestSentinel(TM) product for testing - were key to our winning this new, large contract, and we look forward to another success,'' commented Bernadette C. Castello, Senior Vice President and Chief Financial Officer. ``This contract will add substantially to the backlog of $2,001,000 as of March 31, 2000, which we reported on May 16, 2000.''
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