Here is the full releaes, I don't know why it is not on the PR wire. I don't think that the isue is "if" CSGI gets the revenues, the question is "when".
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CONSYGEN - Consygen And Millennium Enterprises Successfully Convert Software Package
Market News Publishing, Thursday, September 11, 1997 at 10:06
Following ConSyGen Inc.'s recent successful automated Year 2000 conversion
project for the Hewlett-Packard 3000 computer platform and MPE
operating system, the project client, Millennium Enterprises Inc.,
of Columbus, Ohio announced that it has commenced a major
sales effort to distribute the corrected software to its clients.
Under the terms for conducting the conversion project, ConSyGen
and Millennium Enterprises will share revenues from this sales
effort.
Using the ConSyGen 2000 fully-automated toolset, the 1.4 million
lines of code were made compliant for the Year 2000 within a four
(4) week period, with the actual conversion processing done
essentially overnight. Millennium Enterprises has performed
extensive testing on the converted code and has encountered very few
problems. According to Pat Kemmer, president of Millennium
Enterprises, "The converted code has complied with essentially no
errors and has tested without problems."
Kemmer added: "The conversion was of a widely-used software
package; as it is now fully date-compliant, it will be marketed to a
large user base, the first of which is already in pre-delivery.
ConSyGen and Millennium Enterprises will share revenues from this
sales effort and Millennium Enterprises will represent ConSyGen as a
Teaming Partner in marketing ConSyGen 2000 services to the HP3000
user community."
Ron Bishop, ConSyGen's president and CEO, stated: "The timing
for this sales roll-out is excellent and ConSyGen is extending the
range of its marketing effort into the entire HP3000 community. The
success of the Millennium Enterprises project is a clear
demonstration of the effectiveness of the ConSyGen 2000 automated
conversion approach and now users of this software can have the
confidence that their software systems are totally capable of
handling future date processing without risk. The speed and
accuracy with which we conducted this Year 2000 conversion project
for Millennium Enterprises is, we believe, unprecedented. We have
demonstrated, with our ConSyGen 2000 toolset, that full automation
of Year 2000 projects is feasible and practical and that the
technology is here and available over a wide range of hardware
environments."
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 can automatically convert 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 open system or client-server platforms (often called
downsizing).
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.
Ron Bishop, 602/496-4545
Millennium Enterprises Inc., Columbus
Patrick Kemmer, 614/549-5168
Martin E. Janis & Company Inc., Chicago
Elliott Jacobson, 312/943-1100
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