TO THE THREAD:
FORECROSS SIGNS QUICK-START 2000 PROJECT
For Immediate Release: July 16, 1998
Contact: Patricia A. Jones (Patricia_Jones@forecross.com)
Patricia_Jones@forecross.com
SAN FRANCISCO, CA: Forecrossr Corporation (VSE-FRX.U), a leading legacy migration and year 2000 solution
company, announced today that it has signed an agreement with Brown Brothers Harriman & Co. under which
Forecross will analyze and renovate for year 2000 compliance approximately 4,000,000 lines of code. This
agreement, which is an expansion of the contract between the two companies undertaken in 1997 for certain
application migrations and year 2000 renovations, brings the total number of lines of code to be processed for
Brown Brothers Harriman & Co. by the Forecross Complete/2000O fully-automated factory to approximately 9
million.
"Quick-Start 2000 just makes economic sense both in terms of cost and time savings," says J. William Anderson,
Chief Information Officer, Brown Brothers Harriman & Co.
"We are proud to announce this additional project with Brown Brothers," commented Bernadette C. Castello,
Senior Vice President and CFO, Forecross. "Even with this additional 4 million lines of code, we anticipate a
successful completion of the entire project nearly eight months ahead of the original schedule."
This expansion brings the aggregate value of the overall project with Brown Brothers Harriman & Co. to
approximately $3,800,000, of which approximately $1,200,000 has been received and the balance is expected to be
received by the end of the Company's current quarter.
About Brown Brothers Harriman
Founded in 1818, Brown Brothers Harriman & Co. is America's oldest and largest private bank. The firm is owned
and managed by partners with full banking offices located in Boston, New York and Philadelphia. Other offices
are located in Chicago, Dallas, Los Angeles, Naples, Palm Beach, Charlotte, London, Luxembourg, Dublin, Hong
Kong, Tokyo, Zurich and Grand Cayman.
About Forecross
Founded in 1982 as a high-technology software development laboratory, Forecross Corporation is dedicated to
the design and development of innovative conversion software. Clients have included such leading corporations
as Aetna Life Insurance Company, Brown Brothers Harriman & Company, Charles Schwab & Co., BDM
Technologies, Inc., IBM Corporation and Bank of America NTSA for its migration software services. AASKI
Technologies, Ltd., TRW, Inc. (BDM International), CIBER, Inc., Information Sciences Group, Inc., NCR
Corporation, SCB Computer Technology, Inc. are among the teaming partners of Forecross Corporation for its
Complete/2000r offerings.
On Behalf of the Board of Directors,
Bernadette C. Castello
Senior Vice-President and CFO
Forecross Corporation |
