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Technology Stocks : TAVA Technologies (TAVA-NASDAQ)

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To: Captain Jack who wrote (26715)1/17/1999 1:18:00 PM
From: Manzanillo  Read Replies (2) of 31646
 
Friday January 15, 10:31 am Eastern Time
Company Press Release
ADVISORY/Y2K Bug Effects South Florida Manufacturers
--(BUSINESS WIRE)--

Alarms have been sounded regarding the impact of the Y2K bug for banks and airlines, yet little attention has been focused on the unique impact manufacturing companies face with this infamous glitch. Manufacturers in South Florida face Y2K issues far beyond the personal computer calendar concerns. Major equipment and production line robotics in manufacturing plants are synchronized to date sensitive functions and without correction will open up the likelihood of severe safety liability litigation.

Ray Zentis, Director of the South Florida Manufacturing Technology Center discussed the timeline for South Florida Manufacturers, ''To discover the scope of these capital equipment problems in a small plant with under fifty employees is estimated at a minimum of two months. Actual repairs and fixes can double or triple the Y2K correction time.'' Zentis went on to say, ''Small manufacturers who think this issue can wait until this summer or fall could we be out of business by January 2000.'' >>

fmtc.org
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