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Technology Stocks : Zmax (ZMAX)/New Year 2000 play

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To: Allan Hyman who wrote (197)8/28/1997 12:48:00 PM
From: David Wideman   of 370
 
Allan,

With this anouncement, the quiet period is over.
Sounds like more good news coming. FINALLY!

GERMANTOWN, Md.--(BUSINESS WIRE)--Aug. 28, 1997--Zmax Corp. (OTC:ZMAX)
announced Thursday that it has applied to list on the NASDAQ SmallCap
Market the common stock of Zmax Corp. (a Delaware corporation), which
is to be issued upon the completion of the company's previously announced
recapitalization and reincorporation.

The common stock of Zmax is currently quoted on the OTC Electronic Bulletin Board.

Zmax Corp.'s wholly owned subsidiary, Century Services Inc. (CSI), has developed
the proprietary "VISION 2000(SM)" service which provides an extremely accurate,
controlled, and verifiable solution for all COBOL and PL/1 main programs,
subprograms, copybooks, JCL, database definitions and other software
components requiring change to accommodate the year 2000 dates.

The Windows-based VISION 2000(SM) software has demonstrated high
accuracy in identifying the lines of code directly or indirectly
impacted by date change.

After identification of the changes required, a suite of state-of-the-art
automated conversion and test tools, including global updates and a
sophisticated "security lockout" feature assures comprehensive change
without modifying non-date-related fields and statements.

The VISION 2000(SM) service includes CSI's set of robust, secure,
technically effective and cost-efficient assessment, conversion and
unit test tools, along with a comprehensive management process and
on-site technical support. -0- Zmax Corp. trades with an OTC symbol
of "ZMAX" and an OTC symbol of "ZMX" on the Frankfurt and Berlin Stock
Exchanges.

CONTACT:
For investor information:
Investor Communications Co., 800/416-0811 or 800/547-0443

or

For media information:
Michael Baybak & Co. Inc.
Rhoda Moore, 818/542-6880

KEYWORD: MARYLAND

BW0014 AUG 28,1997
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