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Technology Stocks : Consygen (CSGI) News Reference Thread

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To: Paul Graziano who wrote (21)7/1/1997 10:09:00 AM
From: H Patel   of 40
 
ConSyGen 2000 toolset to be used in conversion services project for Strategia

Wednesday June 25 8:31 AM EDT

Company Press Release

PHOENIX--(BUSINESS WIRE)--June 25, 1997--ConSyGen Inc. (NASDAQ:BB - news) announced today an agreement with Strategia Corp. (STGI: NASDAQ) for the use of the ConSyGen 2000 toolset in a millenium conversion services project for Strategia's client, the Department of Employment Security of the State of Tennessee.

Strategia is currently engaged in providing Year 2000 services to the client, including conversion of transaction processing systems, overall project management and application testing at its compliance testing centers. Strategia has sub-contracted the conversion phase to ConSyGen who will perform the project with its proprietary automated conversion toolset, ConSyGen 2000 (patent pending).

The project will involve the automated conversion of all of the client's software applications running on a BULL DPS9000 mainframe so that they are year 2000 compliant. ConSyGen will provide automated identification and correction of all non-compliant date fields in the client's programs and database.

The total project involves approximately one million lines of code. The cataloging, confirmation of the date origins and cross references and the testing of the verification work unit is expected to take less than three months. After the verification work unit has been successfully tested, the actual conversion process is essentially performed overnight.

``This project is another example of the broad capacity available within the ConSyGen 2000 toolset for automated conversions,'' stated Ron Bishop, president ant CEO of ConSyGen. ``This project itself should again demonstrate our ability to locate internal date fields and convert them to be year 2000 compliant automatically and in an economic and rapid manner. Since the ConSyGen 2000 toolset has already been adapted to the BULL environment, there will be no requirements for toolset modifications, the project will begin as soon as the client code is delivered to ConSyGen,'' Bishop concluded.

ConSyGen Inc. is a Phoenix-based software company that provides conversion/correction services with its proprietary technologies. The company's ConSyGen 2000 software is a fully-automated toolset that automatically corrects dates in both source code and data to be compliant for the Year 2000 and beyond. The company's ConSyGen Conversion toolset automatically converts software to run a different hardware platform...For example, software running on older Bull, IBM, Unisys, etc. mainframes can automatically be converted to run on the new Client/Server platforms (often called downsizing).

The information contained in this press release contains forward-looking statements concerning the company's financial performance and business operations. The company wishes to caution readers of this information that actual results might differ materially from those projected in any forward-looking statements. Factors which might cause actual results to differ materially from those projected in the forward-looking statements contained herein include the following: the company's inability to fund its business either through continuing operations or obtaining additional financing; failure of the company's ConSyGen 2000 toolset to enable the company to successfully convert software programs so that they are Year 2000 compliant; setbacks in developing the ConSyGen 2000 toolset or the company's other software products; market acceptance of the company's products; competitive factors; technical obsolescence of the company's products; and the ability of the company to protect its proprietary information.

Contact:

ConSyGen Inc., Phoenix
Ron Bishop, 602/496-4545
or
Innovative Research Associates, New York
(Strategia)
Tom Dean, 212/421-2545
or
Martin E. Janis & Co. Inc., Chicago
Elliott Jacobson, 312/943-1100
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