Y2K (Year 2000) Stocks: An Investment Discussion Message Board

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Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion

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To: Nanda who wrote (12254)	7/7/1998 2:10:00 PM
From: Rich Dee	Read Replies (1) of 13949

Nanda, Good move on getting back into TAVA today. Just released new contracts. Nice to see some actual $$ attached to this news! Rich Tuesday July 7, 1:45 pm Eastern Time Company Press Release SOURCE: TAVA Technologies TAVA Technologies Awarded Contracts From Polaroid And Major Pharmaceutical Company ENGLEWOOD, Colo., July 7 /PRNewswire/ -- TAVA Technologies (Nasdaq: TAVA - news) a global supplier of integrated manufacturing systems, reported today that it has reached agreement with the Polaroid Corporation (NYSE: PRD - news) and a major Fortune 500 pharmaceutical company to provide TAVA's Plant Y2k One(TM) tools and services to address year 2000 readiness in process control and factory automation systems. The Polaroid contract covers 11 facilities around the world. The contract with the pharmaceutical company covers 26 plants with national and international locations and has an estimated value of more than $3,000,000 through the inventory and assessment stage only. Tools and database reports make up more than 85% of the initial contract value. Services will be billed on a time and expense basis as work is executed. John Jenkins, TAVA Technologies CEO, stated, ''These two contracts are indicative of the continued strong demand for our Y2K product and services offering. This most recent addition increases significantly our position in the pharmaceutical industry were we now have five large scale programs underway.'' TAVA (www.tavatech.com) provides factory automation and control systems integration helping clients in manufacturing and process industries integrate their processes, applications, hardware and software into seamless manufacturing enterprises. Located in 11 regional offices throughout the U.S., TAVA has a staff more than 450.

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