I look forward to it Jimmy!
They are buying a ton of CCEE this AM...They won a big contract with IBM...I'm in.
BOHEMIA, N.Y.--(BUSINESS WIRE)--March 26, 1998--
IBM Designates Computer Concepts As An IBM Business
Partner-Personal Computer Reseller
Computer Concepts Corp. (NASDAQ-CCEE) (CCC) today announced that it has been selected to deliver in excess of $30 million in products and services to a
leading financial services firm.
CCC also announced that IBM has recently designated the Company as an IBM Business Partner-Personal Computer Reseller which effectively allows CCC to
remain extremely competitive when bidding on multi-million dollar projects.
Subject to the terms and conditions which have been agreed to, purchase orders for products and services exceeding $30 million will be issued to Computer
Concepts over the next 12 months. This project alone will exceed total 1997 revenues of approximately $30 million.
Dan DelGiorno, President and CEO of Computer Concepts, stated "While the Company has strategically invested in many of these large projects which have a long
sales cycle and require substantial, up front investments, it is finally starting to see the rewards generated by these investments." He added "I am extremely pleased
that this major firm has chosen us to deliver these products and services, and presently there are several other large projects which, if awarded to CCC, will further
increase the 1998 revenues."
This release contains forward looking statements which are based on current information and on management assumptions, and are subject to other important factors
disclosed from time to time in the company's Form 10-K and Form 10-Q , Registration Statements and other Securities and Exchange Commission filings including
specifically, among other factors, changing marketing and economic conditions, timely roll-out of its products by licensees and acceptance of the company's Internet
based d.b.Express, SST and Year 2000 technologies. Actual results may differ materially from the forward-looking statements in the release.
Computer Concepts Corp., headquartered in Bohemia, New York, develops software tools including d.b.Express that assist end users in the retrieval and
visualization of all types of data, and is an IBM Business Partner-Personal Computer Reseller. Computer Concepts' d.b.Express Internet Information ServerTM has
recently been licensed by British Telecom, and has been integrated with British Telecom's Syncordia Services' C-View software application which will allow BT's
customers to access and analyze the high volumes of technical and account information available within BT's Internet-based databases without having to download
the data to their own computers. The new d.b.Express Internet Information ServerTM and JAVA Applet have overcome a major Internet problem, that of high data
volume and limited bandwidth, currently responsible for the lengthy delays associated with data downloading.
SOFTWORKS, Inc., headquartered in Alexandria, Virginia, is a leading global provider of IT solutions for the enterprise and a wholly owned subsidiary of
Computer Concepts Corporation. Founded in 1977, SOFTWORKS responds to the data management needs of organizations worldwide, supporting customers in
more than 50 countries with solutions for the Year 2000 problem, enterprise performance management, multi-platform data and storage management, and
professional services. SOFTWORKS customers include nearly 80 percent of the FORTUNE 100.
Computer Concepts and its subsidiary employ a staff of 217. For more information about Computer Concepts and SOFTWORKS, call (516) 244-1500 or visit
Computer Concepts' web site at www.computerconcepts.com or SOFTWORKS' web site at www.softworks.com.
CONTACT: Fielding Dupuy (212) 627-0814
or
Gary Kolesar, VP Investor Relations
Leigh Athans - Investor Relations Manager
Computer Concepts Corp. (516) 244-1500
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