Tuesday April 7, 7:01 am Eastern Time
Company Press Release
Cashco Management Makes Announcement
TORONTO--(BUSINESS WIRE)--April 7, 1998--Cashco Management Inc. (OTC:BB CSHK) is pleased to report that it has received the evaluation of the 11th Hour Software as referred to in its March 3, 1998 release.
Internet FX Design Concepts of Houston, Texas has supplied the Company with a letter of evaluation which states the following:
1) Program installation and auto run work properly for both the
Windows 95a and Windows 95b, OSR2.
2) Program successfully determined software configuration for all
machines tested.
3) Program properly identified year 2000 non-compliant software
items and divided them into sections for non-compliant
applications and non-compliant items. Also, items that the
software publisher has yet to state its level of compliance
have been identified and placed in a 3rd category for user
awareness.
4) Each year 2000 non-compliant software application has an option
for patching said software, though in the Beta version, it has
not yet been implemented.
Beta versions of the software can be located at www.11thhoursw.com.
The Company intends to formalize its agreement with Merced, Inc. which includes a first payment of US$50,000 and the issuance of 1.5 million convertible preferred stock of Eleventh Hour Software Production.
Cashco is working with Merced on box design, web site creativity and Internet sales with a view to marketing the product via the Net before June '98.
Cashco Management, Inc. is a public company which trades through the auspices of the NASDAQ Bulletin Board:OTC, trading symbol CSHK.
For more information, contact R. Windsor at 905-898-0918 Monday - Friday 9-5 EST.
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Contact:
Cashco Management, Toronto
Rhonda Windsor, 905/ 898-0918
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