Someone else doing work on embedded chips m(6th paragraph). Fortunately TAVA has the experience on the plant floor.
ATEC Group Inc. Announces $1 Million in Year
2000 Business with Departments Within the State of Colorado
HAUPPAUGE, N.Y.--(BUSINESS WIRE)--April 23, 1998--ATEC Group Inc.
(NASDAQ:ATEC) announced Thursday that its Year 2000 division company,
LOGIX Solutions Inc. has successfully completed a quarter of the work
on Year 2000 projects totaling approximately $1 million with the state
of Colorado.
These contracts are in various stages of completion and focus on
providing code remediation and quality review of previously remediated
code. These projects with the Department of Human Services and the
Department of Revenue are planned to be completed this spring.
Robert Haddock, Program Manager for Y2k, Department of Human
Services stated, "LOGIX has provided the state of Colorado with the
kind of technical competence and client focus that the state was
looking for on Year 2000 Solutions." LOGIX is well positioned for
future growth, particularly in the government sector. "Our continued
work with LOGIX is based on its capabilities as an outstanding
provider of Year 2000 services," continued Bob Haddock.
"Our commitment to the state goes beyond providing code
conversion," said Rita Dozal, chief operating officer for LOGIX.
"We're truly a partner in helping them meet the pressing issues around
Year 2000 compliance. Through our know-how, resources and ready-access
to Y2k remediation tools and services for multiple languages and
systems, LOGIX is helping the state of Colorado prepare for the Year
2000."
"These contracts are further evidence of our ability to succeed
in the Year 2000 industry. Additionally, this contract solidifies our
position as a strong leader in Year 2000 for the government sector,"
stated Surinder Rametra, CEO of ATEC Group Inc. "We are very pleased
with our presence in the state of Colorado and the opportunity that it
provides us."
With an emphasis on code conversion for its clients, the
company's services include review of corporate Year 2000 readiness,
Year 2000 costing and impact assessments, remediation of code,
recommended actions regarding embedded chips and quality review of
previously remediated code.
Based in Hauppauge, ATEC Group Inc. is a leading system
integrator offering Year 2000 solutions, computer hardware, software,
connectivity devices, multimedia products, data communication via
satellite, video conferencing, Internet, and Intranet. LOGIX, a
division of ATEC is headquartered in Denver.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995: The statements which are not historical facts
contained in this press release are forward-looking statements that
involve certain risks and uncertainties including but not limited to
risks associated with the uncertainty of future financial results,
additional financing requirements, development of new products,
government approval processes, the impact of competitive products or
pricing, technological changes, the effect of economic conditions and
other uncertainties detailed in the company's filings with the
Securities and Exchange Commission.
--30--gaa/mi*
CONTACT: ATEC Group Inc.
Seema Wasil, 516/231-2832
or
Logix Solutions Inc.
Rita Dozal, 303/573-5441
or
Continental Capital & Equity Corp.
Michael Irving, 407/682-2001 |
