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Technology Stocks : Zmax (ZMAX)/New Year 2000 play

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To: ChefTalk who wrote (266)5/5/1998 8:56:00 PM
From: Thomas Kundrat  Read Replies (1) of 370
 
Zmax Corporation Announces Preliminary First Quarter Revenue Exceeds 1997 Totals

GERMANTOWN, Md.--(BUSINESS WIRE)--May 5, 1998--Zmax Corporation (OTCBB: ZMAX) announced today that it continues to post revenue growth. Revenue for the three months ending March 31, 1998 was approximately $1.5 million, compared to approximately $1.4 million in revenue for the year ending December 31, 1997. All results are unaudited.

"We are excited by the growth we have experienced in the first quarter of 1998. Revenue has grown more than 60 percent from our previous quarter," stated Mr. Michael Higgins, President of Zmax Corporation.

Century Services has developed the proprietary "VISION2000(SM)" service, which provides an accurate, controlled, and verifiable solution for all COBOL and PL/1 main programs, subprograms, copybooks, JCL, database definitions and other software components requiring change to accommodate year 2000 dates. The windows based VISION 2000(SM) software has demonstrated high accuracy in identifying the lines of code directly or indirectly impacted by date change.

After identification of the changes required, a suite of state of the art automated conversion and test tools, including global updates and a sophisticated "security lockout" feature assures comprehensive change without modifying non-date-related fields and statements. The VISION 2000(SM) service includes CSI's set of robust, secure, technically effective and cost-efficient assessment, conversion and unit test tools, along with a comprehensive management process and on-site technical support.

CONTACT:

For Investor Information:

Investor Communications Co.

(800) 416-0811 or (800) 547-0443
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