ConSyGen Adds Full "Windowing" Option to "Date Expansion"
When will these guys announce a contract? Stock is being sold-off by impatient folks back down to $9 range. Stock is now trading is in the lower end of its trading range from the past few months. Don't think there is too much downside from here..
THough, CSGI will move quickly once they do announce a contract.
QD --------------------------------------------------- Wednesday August 6 8:31 AM EDT
Company Press Release
ConSyGen Adds Full "Windowing" Option to "Date Expansion" in its Year 2000 Automatic Solution
PHOENIX--(BUSINESS WIRE)--Aug. 6, 1997--ConSyGen Inc.(NASDAQ:BB - news) announced today the introduction of an enhanced, full ``windowing'' solution to its existing automated Year 2000 date correction services.
``We believe that `date expansion' is the more technically correct solution to correcting Year 2000 problems,'' stated Ron Bishop, president and CEO. Bishop continued, ``But many clients are asking for the windowing approach rather than date expansion. In the past, we provided full date expansion, while offering windowing for reports and screens. Now we can offer either approach in all areas of client code and at the same cost to the client giving the client a genuine choice -- either to expand dates automatically by an extra two digits or to change the underlying programs by a `window' to add 1900 or 2000 automatically while not having to change the dates.''
Bishop added, ``ConSyGen is laying the foundation for anticipated sustained and dramatic growth over the next 2 to 3 years. Even though our primary focus, at the present time, is Year 2000 corrections, we also offer automated services to migrate software for clients who want to change hardware platforms (`downsizing'). We expect that portion of our business to start growing also. We are presently quoting to several clients who want to `downsize' or `migrate' and also to correct their software to be Year 2000 compliant at the same time.''
``ConSyGen has launched an ambitious marketing effort. We are receiving more inquiries than ever before,'' stated Jeff Richards, newly-appointed vice president and director of marketing. Richards continued, ``As we ramp-up our marketing activities, we anticipate our contract signings to increase dramatically. By offering a client the choice of windowing or date expansion at no difference in cost, we believe that ConSyGen has provided the client with greater and more cost-efficient options.''
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).
Contact:
ConSyGen, Inc. Ron Bishop 602/496-4545 or Martin E. Janis & Co. (ConSyGen, Inc.) Elliott Jacobson 312/943-1100 |