Here it is:
Transformation Processing Inc. First to Use and
Market Bob Bemer's Revolutionary Vertex 2000 --
Year 2000 -- Software
Business Wire - September 22, 1997 11:24
TRANSFORMATION-PROCESSING TPII %NEW-YORK %COMPUTERS %ELECTRONICS
%COMED V%BW P%BW
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MISSISSAUGA, Ontario--(BUSINESS WIRE)--Sept. 22, 1997-- Transformation
Processing Inc. (TPI and OTC BB: TPII), and BMR Software Inc. of Dallas, Texas have
signed a Letter of Intent whereby TPI "will license the Vertex 2000(TM) software product for
Canada and the Commonwealth on an exclusive basis _ and the United States on a primarily
protected basis."
Vertex 2000 is the first "new breed" Year 2000 technology that architecturally approaches the
problem in a dramatically different fashion than "traditional" Y2K technologies. Dubbed the
"silver-plated bullet", Vertex 2000 addresses and solves the problem at the most fundamental
level - the object or machine code level, rather than attempting to change source code in a
wide-range of computer languages which require thousands of individual solutions at a higher
level.
The formal agreement between TPI and BMR will include a mechanism to develop the
exclusive listing of what were commonly known as the "Commonwealth" countries and create
various pricing models.
The agreement will also include the use of Vertex 2000 in TPI's factory environment and TPI
will, under a re-marketing relationship introduce the product to other factories, TPI partners,
major Y2K "prime contractors," and to large complex organizations that are tackling the
problem themselves.
Doug Woolridge, newly appointed president and chief operating officer of TPI stated that, "as
the Wall Street Journal pointed out, most leading authorities that reviewed the Vertex 2000
patent material agree that it will work and that it will do so much faster than existing tools. Our
research shows that there are other significant benefits over and above speed and price that
have not even been considered. The difference between TPI and those leading authorities is
that our thrust here is competitive advantage, and we have the confidence in the technology to
step up to the plate, make the marketing and sales investment, and go to market."
Bob Bemer, already an icon in the world of computer programming as well as language
research and development and best know as the "Father of ASCII Text" said, "TPI helps
BMR Software extend its sales and marketing efforts beyond the United States to solve the
Year 2000 problem. We're enthusiastic about working with TPI, both as a direct customer of
Vertex 2000 , and as a business and marketing partner."
TPI will, under non-disclosure, immediately begin to introduce Vertex 2000 architecture to the
marketplace and expects that the software will begin to remediate customer code by year end.
By September 29, 1997, TPI will be prepared to discuss its' analysis of Vertex 2000 and to
quantify just how significant the productivity impact on Y2K conversion will be.
For more information, visit TPI's web site at www.tpii.com or contact one of the following:
Peter W. Ross Vice President, Marketing Transformation Processing Inc. 2121 Argentia
Road, Suite 200 Mississauga, Ontario CANADA L5N 2X4 Tel: 905/812-7907 Fax:
905/812-7920 Toll-free: 888/222-5967 Email: peteross@tpii.com Philip Beaudoin Managing
Director Oxford Investor Relations Suite 206, 211 Richmond Street East Toronto, Ontario
CANADA M5A 3S5 Tel: 416/238-6919 Fax: 416/868-0943 Roy Miller Michael A. Burns
& Associates Tel: 214/521-8596 Email: roygmiller@topher.net
This news release includes forward-looking statements that involve risks and uncertainties,
including the timely development and acceptance of new products, the impact of competitive
products and pricing, the timely finding of customers' projects, customer payments to the
company and the other risks detailed from time to time by the company.
Transformation Processing Inc. is an Information Technology company that develops and
markets software and services that enable companies worldwide to automatically migrate their
application programs and data from legacy systems to open system and client/server
environments.
CONTACT: Transformation Processing Inc.
Peter W. Ross, vice President, Marketing
905/812-7907, Fax: 905/812-7920
Toll-free: 888/222-5967
Email: peteross@tpii.com
or
Oxford Investor Relations
Philip Beaudoin, managing director, 416/238-6919
Fax: 416/868-0943
or
Michael A. Burns & Associates
Roy Miller, 214/521-8596
Email: roygmiller@topher.net
Rich |
