Informission Group Signs Worldwide License Agreement With
The World Leader In The Global Information Services
Industry
MONTREAL, QUEBEC--
SEPTEMBER 15, 1998
Agreement reinforces U.S. presence
Informission Group Inc. announced today that it has signed a
worldwide license for its RECYC2000(TM) solution, part of
RECYC-ENTERPRISE(TM) suite of tools, with one of the world's
largest systems integrators (multi-billion dollar sales in 1998)
in the global information services industry.
This non-exclusive licensing agreement allows the system
integrator to use RECYC2000(TM) in any of its conversion factories
worldwide. A RECYC2000(TM) factory is already presently in
operation in the United States.
"This agreement firmly establishes our presence in the United
States," stated Informission Group CEO Jacques Topping. "Our
growth strategy is focused on rapid expansion throughout the U.S.,
Europe and Latin America. With the recent announcement of a
distribution agreement in Latin America with DTS, and this
agreement, we are well on our way to fully realizing our
strategy," added Mr. Topping. Mr. Topping further stated that,
"We are very proud of this agreement because the selection of the
RECYC2000(TM) solution was done after thorough analysis and
rigorous testing. This gives our solution more value in the
American market now and in the future."
This agreement licenses the use of RECYC2000(MC), one of the
modules of RECYC-ENTREPRISE(TM), Informission's full suite of
solutions for the modernization of information systems.
RECYC-ENTERPRISE(TM) represents Informission Group's flagship
solution for legacy system modernization. It includes several
modules:
- RECYC2000(TM), a leading solution addressing the Year 2000
conversion problem;
- RECYC2000-AUDIT(TM), created for companies who wish to ensure
their conversion work is Year-2000 compliant;
- RECYC-EURO(TM), designed to address the transition to a single
European currency;
- RECYC-ASSIST(TM), a new tool which helps renovate and test
applications in Year-2000, Euro, or projects requiring major
changes to an application; and
- RECYC-WEB OBJECT FACTORY(TM), a software product oriented
towards modernizing legacy systems and enabling faster and
smoother transitions to Web-based applications.
Informission Group Inc.
Informission Group Inc. is an information technology company
providing innovative and cost-effective solutions for development,
migration and conversion of information systems. The company
offers proprietary re-engineering and telecommunication software
products as well as system integration solutions. Revenues for
the six months ending May 31, 1998, were $13 million, compared to
$5.2 million for the same period last year which represents a 150
percent increase. This growth in revenues is accompanied by an
increase in earnings of 573 percent to $1.7 million and earnings
per share were $0.17 compared to $0.03 for the same period. Last
year, Informission Group was selected one of the 50 best-managed
private companies in Canada by Arthur Andersen and the Financial
Post. The Company was certified ISO 9001 in 199 |
