Zmax/Lehman Brothers contract.
GERMANTOWN, Md.--(BUSINESS WIRE)--Sept. 23, 1997--Zmax Corp. (OTC: ZMAX) announced Tuesday that its wholly owned subsidiary Century Services Inc. (CSI) has been awarded a contract with Lehman Brothers (NYSE: LEH) to provide Year 2000 analysis and conversion services.
The contract was won following the completion of a successful pilot program. CSI expects to analyze and convert several million lines of software code under the contract for Lehman Brothers using its proprietary VISION 2000(SM) service.
"This is another win for CSI in the financial industry market segment. We are pleased to begin a business relationship with Lehman Brothers by working on such an important project. We expect this contract would provide a valuable opportunity for this relationship to grow and extend beyond the year 2000," stated Michael Higgins, president of Zmax Corp.
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
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