Keep the faith, has got to make a difference sooner or later.
FOR: ACCUGRAPH CORPORATION
NASDAQ SYMBOL: ACCUF
TSE SYMBOL: ACU.A
FEBRUARY 18, 1998
Accugraph Corporation Major U.S. Corporation Selects
Accugraph Over Competitors; Accugraph's IP Address
Management Product Gains Momentum
RICHARDSON, TEXAS--Accugraph Corporation (NASDAQ-ACCUF)(TSE-ACU.A)
announced today a leader in oil and gas production has selected
Accugraph's IP address management product, ActiveNet ASM, and will
begin implementation immediately. The initial order will supply
the corporation with products and services to manage addresses for
a single location. Terms of the contract were not disclosed.
Accugraph's IP address management product, known as ActiveNet ASM,
is a modular, process-oriented tool that allows network
professionals to intelligently manage the tasks and workflow
associated with administering IP addresses in a corporate network.
IP addresses and subnets can be allocated and assignment can be
done by several levels of network administrators.
"Many companies manage IP addresses by using spreadsheets or text
files. However, with the explosive growth of Internet usage,
companies are finding spreadsheets are time consuming and
ineffective," said Paul Damp, chairman and chief executive
officer, Accugraph Corporation. "In this case, the corporation
reviewed other IP Address Management products and selected
ActiveNet ASM. The award was due to the wide range of
functionality in the product, including our web capability, as
well as the implementation services available from Accugraph."
Announced late in 1997, the product has been reviewed and selected
by a number of companies. With the growing acceptance of the
ActiveNet ASM product, Accugraph will be releasing a new version,
due out next month, which will be targeted at the Internet Service
Providers.
Accugraph Corporation is a leader in Network Inventory and
Provisioning products and services. The company also provides
products that manage Internet usage. With corporate offices in
Richardson, Texas and Toronto, Canada, Accugraph is a global
supplier to the telecommunications and enterprise markets.
Accugraph is publicly traded on the NASDAQ national market (ACCUF)
and the Toronto Stock Exchange (ACU.A). Further information is
available through Accugraph's web site: accugraph.com
This news release may contain forward-looking statements relating
to the future performance of Accugraph Corporation. The
forward-looking information is within the meaning of Section 27A
of the Securities Act of 1933 and Section 31E of the Securities
Exchange Act of 1934, and is subject to the safe harbor created by
those sections. These forward-looking statements are subject to
certain risks and uncertainties, and actual results may differ
materially. Certain of these risks and uncertainties are described
in the company's filings with the Securities and Exchange
Commission including the company's annual report on Form 10-K for
the year ending December 31, 1996 and subsequent Forms 10-Q. |
