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delayed 20 mins - disclaimerMonday September 14, 8:08 am Eastern Time
Company Press Release
SOURCE: TAVA Technologies
TAVA Technologies Selected as Year 2000 and Remediation Vendor for Weyerhaeuser Company
ENGLEWOOD, Colo., Sept. 14 /PRNewswire/ -- TAVA Technologies (Nasdaq: TAVA - news) a leading provider of automation and information technology solutions to industry, today announced it has been selected by Weyerhaeuser Co. [NYSE:WY - news] to provide Year 2000 inventory consolidation, assessment and testing services at Weyerhaeuser wood products facilities. The contract provides for TAVA to perform analysis, testing and remediation services after the integration of the Weyerhaeuser Y2k database with the TAVA tools. TAVA will apply its unique Plant Y2k One(TM) tools and services in the program. Work will begin immediately in a cooperative partnership with Weyerhaeuser teams. The contract is the result of a successful joint effort between Weyerhaeuser and TAVA in a Y2k pilot project.
John Jenkins, CEO of TAVA Technologies, Inc. stated ''We are very pleased to have entered into a relationship with Weyerhaeuser. We believe our Plant Y2k One(TM) product suite combined with our services, provides the best comprehensive program to address Y2k compliance in manufacturing operations.''
TAVA (http://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 14 regional offices throughout the U.S., TAVA has a staff of more than 500.
Statements made in this Press Release that are not historical or current facts are ''forward-looking statements'' made pursuant to the safe harbor provisions of federal securities laws. Forward-looking statements represent management's best judgment as to what may occur in the future, but are subject to certain risks and uncertainties that could cause actual results and events to differ materially from those presently anticipated or projected. Such factors include adverse economic conditions, entry of new and stronger competitors, inadequate capital, unexpected costs, and failure to capitalize upon access to new clientele. Additional risks and uncertainties which may affect forward-looking statements about the Company's Y2K One business and prospects include the possibility that a competitor will develop a more comprehensive or less expensive Y2K solution, and delays in market awareness of TAVA and its product and service solutions. These factors and others are discussed in the ''Management's Discussion and Analysis'' section of the Company's Annual Report on Form 10-KSB for the fiscal year ended June 30, 1997 and in subsequent reports filed with the Securities and Exchange Commission, to which reference should be made.
SOURCE: TAVA Technologies
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