ConSyGen is Awarded Contract by Lender's Service Inc. for Year 2000
Corrections and Software Conversions
Monday September 29 9:24 AM EDT
Company Press Release
CORAOPOLIS, Penn.--(BUSINESS WIRE)--Sept. 29, 1997--Lender's Service Inc. (LSI), announced today that it has signed a contract with ConSyGen Inc. (CSGI:NASDAQ BB), Phoenix, to make over 3 million lines of code compliant for the Year 2000 and beyond and to do a software conversion of the same code. LSI, a Merrill Lynch company, specializes in the provision of appraisal services to the real estate lending industry. Terms of the agreement were not released.
ConSyGen will use its automated ConSyGen 2000(SM) toolset to identify and expand all date fields to be Year 2000 complaint, and to convert the application software and existing data structures as part of the same project.
The project will provide automated conversion of more than 3 million lines of LSI's software applications running on a Digital Alpha 8400 cluster to an alternative COBOL, and the re-design of LSI's existing Digital RMS data storage system to the Oracle relational database management system.
``We are pleased at the opportunity to become involved with ConSyGen in this complex conversion project,'' stated Robert Egan, LSI's Senior Vice President of Information Systems. ``The unique combination of automated services being offered through the ConSyGen toolsets provides an ideal fit with LSI's requirements and timings.''
Ron Bishop, president and CEO of ConSyGen, stated, ``This project is very significant in the utilization of the ConSyGen 2000 toolset for conversion purposes. The project demonstrates our ability both to convert legacy code automatically to alternative processing environments and to convert the internal date fields to ''Year 2000`` compliance simultaneously in an economical, rapid and practical manner. This is our first opportunity to address Digital hardware, and the extension of the CSGI toolsets for Digital will enlarge the range of hardware environments covered by CSGI and enable us to open our conversion services to the entire Digital user community.'' Bishop added, ``We are excited about our association with LSI, and we look forward to working closely with them to accomplish the venture successfully.''
ConSyGen Inc. is a Phoenix-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 on a different hardware platform. For example, software running on older BULL, IBM, Unisys, etc., mainframes can automatically be converted to run on new open or client-server platforms (often called downsizing).
Lender's Service Inc. (LSI) is a registered trademark of Lender's Service Inc.
Risk warning: 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 may 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 or ConSyGen Conversion toolsets to enable the company to convert software programs successfully so that they are Year 2000 compliant and migrated to a functionally-equivalent operation; setbacks in developing the ConSyGen 2000 or ConSyGen Conversion toolsets 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 & Company Inc.
Elliott Jacobson, 312/943-1100 |
