ConSyGen Announces Year 2000 Projects For Fortune 50 Company
PHOENIX--(BUSINESS WIRE)--Aug. 7, 1997--ConSyGen, Inc. (NASDAQ:BB - news) announced today that it has agreed to do two YEAR 2000 pilot projects for a U.S. Fortune 50 company. ConSyGen will use its ConSyGen 2000 automated toolset for the identification and correction of Year 2000 date conditions for the clients applications that run on two different IBM mainframe environments. There are approximately 575,000 lines of code involved in both projects. Even though the client is not being charged, it is anticipated that successful completion of these two pilot projects will lead to revenue producing contracts from this Fortune 50 company in the near future.
Ron Bishop, President and CEO, stated: ``ConSyGen has been working very hard to add new hardware environments to its ConSyGen 2000 toolset. We can now offer Year 2000 conversions on BULL, HEWLETT-PACKARD, UNISYS and IBM platforms. These two pilot projects for a major U.S. corporation will provide additional reference sites for ConSyGen as we continue to expand our marketing effort.''
According to Jeff Richards, ConSyGen's newly appointed Vice President and Director of Marketing, ``We expect to complete both projects and return the converted code to the client for testing within three weeks. We have streamlined our toolset considerably over the past 2 months permitting us to complete Year 2000 projects much faster.
ConSyGen, Inc. is a Phoenix Arizona-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.
Ron Bishop
602/496-4545
or
Martin E. Janis & Co.
Elliott Jacobson
312/943-1100 |
