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

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To: Doug from CT who wrote (237)12/22/1997 10:15:00 AM
From: JJMM   of 370
 
News Today.

GERMANTOWN, Md.--(BUSINESS WIRE)--Dec. 22, 1997--ZMAX Corp. (OTCBB: ZMAX) announced Monday that it has entered into an exclusive contract with P.O.V. Information Technology BVBA, a Belgian software firm.

ZMAX will provide P.O.V.'s Year 2000 analysis and conversion software and services to clients whose computer systems have an IDEAL/DATACOM operating environment.

P.O.V. Information Technology provides software support services to a substantial number of IDEAL/DATACOM users throughout Europe and has developed a Year 2000 analysis and conversion tool suite, POV 2000, specifically for this operating environment.

This tool suite has been successful in all phases of Year 2000 analysis, conversion, test, integration, and implementation. ZMAX will have exclusive rights to provide P.O.V.'s tool suite and services to IDEAL/DATACOM users throughout North America.

"P.O.V.'s software tools and services are the best Year 2000 solutions for clients with IDEAL/DATACOM environments. ZMAX is excited about this partnership with P.O.V., which enhances ZMAX's ability to provide a total system solution to a company's Year 2000 problem," stated Michael Higgins, president of ZMAX Corp. "P.O.V.'s tool suite will complement our VISION 2000(SM) service as it expands the number of programming languages supported."

"After a very successful launch of POV 2000 in Europe, this partnership with ZMAX is a major step forward in our aim to make POV 2000 the leading world-wide Year 2000 solution for IDEAL/DATACOM," said Daniel Ornowski, managing director of P.O.V. Information Technology.

ZMAX Corp.'s wholly owned subsidiary, Century Services Inc. (CSI) has developed the proprietary "VISION 2000(SM)" service which provides an 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. is quoted on the OTC Bulletin Board under the symbol of "ZMAX" and on the Frankfurt and Berlin Stock Exchanges under the symbol of "ZMX"

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

BW0023 DEC 22,1997
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