Delsoft licenses their Year 2000 solution.
Friday August 15 1:15 PM EDT
Company Press Release
CTA ITSC Signs Letter of Intent to Utilize DelSoft's
Proprietary Year 2000 Solution
ROSWELL, Ga.--(BUSINESS WIRE)--Aug. 15, 1997--DELSOFT CONSULTING, INC.
(OTC:DSFT) announced today that CTA Information Technology Services Company (CTA) has
signed a Letter of Intent to utilize DelSoft's proprietary ``Year 2000 Hyperdating Methodology.''
DelSoft's unique approach minimizes the impact to system analysis and redesign presently used by
most companies to resolve their Year 2000 date problem. By not expanding the date fields or using
a ``windowing'' technique, DelSoft's Hyperdate Methodology can correct the Year 2000 problem in
application software with minimal modification to other elements of the computer system. This results
in significant savings in time and labor costs to DelSoft's customers. In May 1997, the Company
filed a provisional patent on its ``Year 2000 Hyperdating Methodology.''
In June 1997, DelSoft successfully completed a pilot project for CTA using its Hyperdating
Methodology. The Letter of Intent with CTA also includes CTA's agreement to use DelSoft
consultants on their customer's Year 2000 projects. Presently, CTA has Year 2000 contracts with
16 state and local governments throughout the United States. Revenues from these contracts are
expected to exceed $75 million.
CTA is an industry leader in providing information technology services to both government and
commercial markets. With over 800 employees, the Company performs IT services for the Federal
government under long term contracts with the U.S. Navy, U.S. Air Force, FAA, Department of
Justice, Department of the Treasury, Department of Veterans Affairs, GSA and other agencies.
Their professional services includes design and development for both mainframe and client server
architectures, systems engineering and integration, networking, electronic data interchange,
information systems re-engineering, information system security and information systems outsourcing.
For fiscal year 1996, CTA Incorporated had revenues of approximately $180 million.
``DelSoft and CTA have excellent synergy. We believe this agreement is the first step to significant
future business between our companies. By combining our efforts, the time and labor costs
associated with correcting their customers' Year 2000 problems can be drastically reduced,'' stated
Jeffrey A. Rinde, CFO of DelSoft Consulting.
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 use of the
Company's services, and the continued availability of labor resources.
Contact:
Liberty Capital Group Inc.
Jay Grieg, (360) 676-6586
or
DelSoft Consulting, Inc.
Jeffrey A. Rinde, (770) 518-4289
or
CTA Incorporated
Dave Johnson, (301) 816-1477 |
