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Technology Stocks : SEEC (Symbol SEEC)

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To: Ron Sirch who wrote (81)1/14/1998 2:00:00 PM
From: Ron Sirch  Read Replies (1) of 95
 
From the SEEC web-site:

University of Pittsburgh's Year 2000 Conversion Project to be done using SEEC's Smart Change Factory

PITTSBURGH, PA., Jan. 13, 1998 - SEEC, Inc., (NASDAQ: SEEC) announced
today that the University of Pittsburgh has awarded SEEC the contract to perform the year 2000 modifications of the University's 27 application, 3.9 million line COBOL inventory. This will be done in the Smart Change Factoryr at SEEC Headquarters in Pittsburgh. According to Bruno LaCaria, Director of Information Systems for the University, the choice was based largely on the success of a year 2000 pilot project performed by SEEC.

The University, after purchasing the SEEC tools, performed the initial
impact assessment and created estimates based on SEEC's cost model. SEEC provided assistance in year 2000 planning and prioritization, in
addition to performing the pilot conversions.

The full renovation project will require close coordination between the SEEC and Pitt staff. The University's year 2000 team will ensure their full code package is complete before turning it over to SEEC for the analysis, renovation and unit test case generation stages, and then will be fed back the renovated code for final testing. This method frees Pitt staff from the actual renovation process, allowing them to focus on validation of the modified systems.

According to John Godfrey, Vice President of SEEC Professional Services, "This project will use SEEC's proven process and tools, and will really demonstrate the high productivity levels that can be achieved using a factory process."

The project is planned for completion by the first quarter of 1999.
About SEEC, Inc.

SEEC, Inc., (NASDAQ: SEEC) is an established leader in enterprise
solutions for PC-based maintenance and redevelopment of COBOL and other legacy applications. Its suite of tools provides automated,
cost-effective, integrated solutions for maintaining, enhancing and
redeveloping host-based systems and, when combined with the Company's
Smart Change Factory methodology, provides a process for ensuring that
legacy programs can recognize and process 21st century dates. SEEC's
products currently support the major programming languages that account for 94 percent of the world's legacy applications, as well as the key databases that represent 90 percent of legacy information, and new support is always being added in response to the market's demand. SEEC's tools are helping government agencies, utilities, manufacturing
companies and financial and educational institutions achieve significant savings while extending the lifespan and value of business-critical legacy applications.
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