Partners, Y2k contracts, Euro contracts, 49%Gross margins, read some of these press releases I have posted below. This is just my Humble opinion like the one I had when I started the IMRS thread.
Regards,
Risky
Crystal Systems Solutions is proud of the business partner relationships into which it has entered. These relationships have proven themselves time and again in Year-2000 assessment and conversion projects we have participated in, together with these partners.
First and foremost we have partnered with Ernst & Young LLP , one of the "Big 6" accounting firms in the world. Ernst & Young, after performing intensive research for an outstanding Year-2000 tool and methodology, decided on Crystal Systems Solutions as their business partner for performing Year-2000 conversion projects, with the C-MILL toolset.
Ernst & Young's global experience as auditors and as management consultants, their unique, proven project management methodology called Fusion, together with Crystal Systems Solutions' C-MILL tool and methodology will provide joint clients with best-of-breed Year-2000 solutions.
Indeed, the two companies have joined in the establishment of a unique Accelerated Conversion Center in Costa Mesa, California, where Year-2000 clients have access to resources that are essential to successfully correct the Year-2000 problem.
In addition, Crystal Systems Solutions has partnered with HCL, one of the largest Indian IT companies with over 8,000 professionals. HCL has extremely strong presence in the United States, Europe, and the Pacific Rim, and together with HCL we have won and are currently executing several large projects in the United States and Europe.
In the UK, Crystal Systems Solutions has partnered with Logica UK Ltd., in Germany with Koln-based CGI Informatik GmbH and Munich-based Interchip Unternehmensberatung GmbH, and in Israel with Tadiran Information Systems and Formula Software Services.
ÿ
Partial Year-2000 Customer List
The following is a partial listing of Year-2000 customers of Crystal Systems Solutions' C-MILL tool and methodology:
FORD Motor Company
Kraft Foods
Farmer's Insurance Group
KeyCorp
Reynolds Metal
United Technologies Pratt & Whitney
Philips Petroleum
Ralston Purina
Eastman Kodak
Medical Mutual of Ohio
El Al Israel Airlines
Bank HaMizrahi (Israel)
Bank Leumi (Israel)
Bezek (Israeli PTT)
Crystal Systems Solutions Ltd. C-MILL tool to be used in 4 large Israeli projects including Government & Military
ÿ
Herzlia, Israel, October 7, 1997
ÿ
Crystal Systems Solutions Ltd., (NASDAQ: CRYSF), a developer of conversion software for mainframe computer systems, today is pleased to announce that it has obtained new business with four prestigious Israeli organizations, in cooperation with its Israeli business partners, Formula Software Services and Tadiran Information Systems.
Pursuant to these agreements, Crystal Systems Solutions Ltd. will license its C-MILL Year-2000 conversion tool and methodology, to be used at Bank Leumi, the largest bank in Israel, at one of the leading IT units of the Israeli army, at Bank Tefahot, and at the largest Government of Israel ministry.
In making the announcement, Amiram Mel, Chief Executive Officer of Crystal Systems Solutions said, "We are extremely pleased to have signed these agreements with large Israeli government organizations, via our Israeli business partners. We are committed to provide all our customers, with Year -2000 assessment and conversion tools and methodologies which will enable them to achieve year-2000 compliance in a timely and efficient manner."
Crystal Systems Solutions has developed an advanced, highly automated millennium solution for information systems in the IBM MVS mainframe environment. The Company provides software tools and services which are used to solve the widespread problems caused by the inability of certain information systems to properly interpret dates for the year 2000 and beyond.
ÿ
Crystal Systems Solutions LTD. EURO-Currency Conversion Methodology Chosen by THE FORD MOTOR COMPANY
ÿ
Herzlia, Israel, September 16, 1997
ÿ
Crystal Systems Solutions (NASDAQ: CRYSF), a developer of conversion projects for mainframe computer systems, various programming language upgrades and data field conversions, today is pleased to announce that Ford Motor Company (NYSE:F) of Dearborn, Michigan, has chosen Crystal Systems Solutions C-MILL EURO-currency conversion tool and methodology as its standard at all Ford mainframe sites in Europe.
The announcement followed the successful completion of a number of evaluation projects conducted in two major departments of Ford in Germany.
In making the announcement, Amiram Mel, Chief Executive Officer of Crystal Systems Solutions said, "This announcement represents a major milestone for Crystal Systems Solutions. Having performed many Year 2000 assessment and conversion projects to date, Crystal Systems Solutions is positioning itself as a major player in the upcoming EURO-currency conversion area. We look forward to completing all phases of the EURO-currency conversion process in a timely and efficient manner."
Crystal Systems Solutions has developed and is focusing on marketing an advanced, highly automated millennium and EURO-currency conversion solution for information systems in the IBM MVS mainframe environment. The Company provides software tools and services which are used to solve the widespread problems caused by the inability of certain information systems to properly interpret dates for the year 2000 and beyond as well as the implementation of the upcoming EURO-currency.
Source: Crystal Systems Solutions Ltd.
Contact: Iris Yahal, CFO, Investor Relations, Crystal Systems Solutions |
