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Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion

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To: Nanda who wrote (9972)3/10/1998 5:22:00 PM
From: Risky Business  Read Replies (1) of 13949
 
Crystal Systems Solutions Launches C-MILL PRO, A Do-It-Yourself Year 2000 Solution
HERZILIYA, Israel, March 10 /PRNewswire/ -- Crystal Systems Solutions (Nasdaq: CRYSF - news), a leading provider of software conversion tools and services, announced today the launch of the new do-it-yourself C-MILL PRO. Crystal's seven years of conversion experience and developed technology is enveloped in this highly automated tool. Designed to be used by in-house programmers, C- MILL PRO uses simple mainframe (ISPF) screens that walk the user through the entire conversion process while powerful software runs processes in the background. There is virtually no learning curve and there is no need for migration.

''This is the tool that everyone has been waiting for,'' said Ben Levy, Vice President of Marketing at Crystal. ''One of the most exciting features is its flexibility. C-MILL PRO allows an unlimited number of programmers to access the tool so that they may simultaneously convert different applications. In addition, even different programs within the same application can be worked on by multiple programmers. These features increase productivity for the same time period. C-MILL PRO contains unique control features that regulate the flow of conversion.''

''The launch of C-MILL PRO is a blessing for those enterprises getting on board late in the game,'' said Amiram Mel, CEO of Crystal Systems Solutions. ''Industry analysts predict that 1998 will show a dramatic spike in new remediation projects. Yet just this week BusinessWeek magazine quoted a newly released study from Information Technology Association of America that states a present dearth of 350,000 programmers. As 1999 looms large on corporate calendars the lack of outsource programmer availability will be felt more acutely. C-MILL PRO was specifically designed to address this increasingly growing global problem.''

C-MILL PRO will be displayed and demonstrated on March 19 and 20, at the SPG Year 2000 Conference at the Hilton Hotel in New York City.

About Crystal Systems Solutions

Crystal, a subsidiary of the Formula Group (Nasdaq: FORTY - news), is a leading provider of software conversion tools and services. Headquartered in Herziliya, Israel, Crystal Systems Solutions provides sales and service through regional offices and a growing number of strategic partners in the United States, Europe, and the Asia/Pacific region. For more information on Crystal Systems Solutions products and services, visit the Company's World Wide Web site at www.cry-sys.com.
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