<TPII> Several News Items: STRONG BUY...$5.00 stock very possible in 3-6 months, IM; some great news and MM's games currently make this a nice buying opp, IMHO ...CURRENT: about 1.50/1.90 130K vol today...place order at $1.66-1.75? More volume will tighten B/A. As always, no guarantees....do your own DD..there is lots of info.
RECENT DEVELOPMENTS
* Consistent Superb news and quality...I've been watching it for weeks
* NEWEST Y2K contract for 600 facilites of Profac, huge Canadian Crown company (just announced)
* Closes deal with INTELaTECH (just announced) and 2 others in last 3 weeks
* Became fully reporting on MAY 11, 1998
* Has exceptional software diviions and new aggressive PR Firm to increase shareholder value
MM's currently trying to shake out shares; good buying opportunity, IMO
LONGER TERM HOLD for significant appreciation.
Company appears to be very solid
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SOME RECENT NEWS STORIES (for full stories see the newswires)
MISSISSAUGA, Ontario--(BUSINESS WIRE)--May 14, 1998--
Transformation Processing Inc. (TPI and OTCBB:TPII) announced today that the Company joined forces with PROFAC Management Group Limited to
provide Year 2000 Non-IT / Embedded Building Systems services to PROFAC Management Group Limited.
PROFAC Management Group Limited of Montreal is one of Canada's
premier facilities management companies. PROFAC has selected TPI for its Embedded Building Systems Year 2000 project on behalf of one of its largest clients, a Canadian federal crown corporation with over 600 facilities.
In total, PROFAC manages over 3,000 facilities on behalf of its clients. Francois Depelteau, President of PROFAC, commented that, "For the past two months we have been working closely with TPI to perform an assessment of our client's building systems for Year 2000 readiness. We look forward to progressing to the remediation phase and beginning the Year 2000 Embedded systems projects with each of our clients."
MISSISSAUGA, Ontario--(BUSINESS WIRE)--May 14, 1998--
Transformation Processing Inc. (TPI and OTCBB:TPII) announced that it
has been contracted to provide a sales automation solution for InTELaTECH Inc. The success and growth of TPI's Groupware Services continues, as evidenced by the closing of three Sales Force Automation contracts in the past three weeks.
MISSISSAUGA, Ontario--(BUSINESS WIRE)--May 14, 1998--
Transformation Processing Inc. (TPI)(OTC BB: TPII) John McGee, TPI's chief financial officer, is pleased to announce that on May 11, 1998, the company became effective as a reporting company under the 1934 with the U.S. Securities and Exchange Commission ("SEC"). The
company will meet the NASD's requirements that OTC Bulletin Board
securities be registered with the SEC, while the company continues its efforts to qualify for a Nasdaq SmallCap Market listing.
MISSISSAUGA, ONTARIO --(BUSINESS WIRE)--May 15,
1998-- Transformation Processing Inc. (TPI and OTC BB:TPII)
announced today the newest release of Century Scan, Version
3.0, of its proprietary Year 2000 scanning technology.
More flexibility in Scanning Scope Century Scan expands its scanning capability. Now there are four options:
-- Scan source only -- Scan copybooks only -- NEW - Scan
source code expanded with copybook contents (up to 7 levels of
inclusion -- NEW - Scan data definitions only expanded with
copybooks (up to 7 levels of inclusion)
More Intelligent handling of the Propagation process
When performing propagation, Century Scan now checks each
operation in a program with DATE variables already identified
taking onto account exclusions. If Century Scan finds there is
another variable directly involved with the DATE (assignment or
comparison), the "date" status will be transferred or propagated.
To prevent wrong leads while doing propagation, Century Scan
now lets you limit the number of "new dates" found. As "false
positives" can be filtered out at an earlier stage, this technique
brings more efficiency and accuracy to the DATE search.
INSPECTOR: Highlighting and Verifying Year 2000 Remediation
Century Scan now covers the complete Year 2000 Life Cycle --
from Discovery (Scan/Extended Scan) to Assessment (Propagation) -- and now Remediation and Testing.
INSPECTOR verifies the remediation methods of windowing and
expansion:
-- HELPER - highlighting Year 2000 unresolved dates
INSPECTOR Helper provides intelligent information for the Year
2000 verification process.
-- EXPANSION METHOD HELPER lists the DATE fields that
are considered expanded to hold century digits. Century Scan
uses its improved scan and propagation capability to perform
extensive field size analysis (with an exclusion field size option).
-- WINDOWING METHOD HELPER focuses on and identifies
Year 2000 non-compliant commands in a program. It actually
highlights the DATE impacted operations.
-- CHECKER - proves the completeness and quality of the Year
2000 remediation
-- EXPANSION METHOD CHECKER reveals the dates that
are NOT expanded after the remediation process has been completed.
-- WINDOWING METHOD CHECKER reveals the dates that
are NOT using a Year 2000 compliant command after the remediation process has been completed.
Century Scan 4.0 is scheduled for release on August 1, 1998.
Release 4.0 will include:
-- A web-based interface for internet and intranet use -- A new
repository and end-user computing capability for increased productivity -- Advanced On-line Help for ease of use and
intuitive performance -- Full propagation for UNIX-based
languages -- Introducing new testing functionality supporting TPI's
Testing Methodology
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