Wake up Dan... you have news
BW1563 JAN 26,1999 12:16 PACIFIC 15:16 EASTERN
( BW)(AGISS-SOFTWARE)(AGCR) Year 2000 Wire/AGISS Announces Major I.T. Outsourcing Win
Business Editors/Hi-Tech Writers
OTTAWA, Ontario--(BUSINESS WIRE)--Jan. 26, 1999--
Multi-year Project Could be Worth Several Million Dollars
AGISS Corporation (NASDAQ-BB:AGCR) announces a significant assignment for its AGISS Software Corporation subsidiary.
AGISS has been chosen by one of America's largest systems integrators to help set up and run a state-of-the-art data-processing facility to support a new international customer service center for a major North American financial services company. (Neither the identity of the client nor of the systems integrator can be released at this time. The client has requested privacy due to the strategic nature of this new operation.)
The initial phase is worth approximately $400,000 CDN, but the assignment could be worth as much as $1.5 million per year for four years, for a total value of up to $6 million. The work starts immediately.
The Way of the Future
AGISS CEO Robert Sowah says the nature of the contract, and the relationship with the systems integrator, validate AGISS Software's business model. "This an excellent example of the benefits of our strategic approach, our business model, and our corporate culture. Especially in the Information Technology sector, the new way of doing business is much more collaborative. Clients look to our companies as partners, doing 'whatever it takes' to get them safely to the new millennium. The best way to do this is to assemble highly flexible, responsive, collaborative solution delivery teams which emphasize strategic alliances as well as in-house professional resources. The AGISS team features nearly two dozen of the best hardware, software and professional services suppliers in the world. In this case a very large systems integrator made a strategic decision to outsource this assignment to us, on the client's behalf, rather than assembling a team like ours from scratch."
Year 2000 Readiness
One of AGISS's strengths is in preparing I.T. infrastructures for the Year 2000. Mr. Sowah says these skills will be valuable on the assignment: "As we proceed to help set up the new data-center, there are many computer hardware, software and network decisions to be made. We'll be watching carefully for Year 2000 compliance, assembling a systems infrastructure that's ready for the new millennium."
Who is AGISS?
AGISS Software Corporation is a leading application software development, software conversion and systems integration specialist, noted for innovation in Year 2000, Euro-commerce and Electronic Commerce conversions, legacy system migrations, and Enterprise Resource Planning (ERP). Year 2000 specialties include Independent Validation and Verification (IV&V) and Business Continuity and Contingency Assurance (BC&CA). With operations in Canada, U.S.A., Europe, and South America, and strategic alliances with several of the world's prominent software, hardware and I.T. service providers and software factories, AGISS is a truly multi-faceted global team. Clients include government, international business and Fortune 1000 companies worldwide. AGISS Software Corporation and AGISS Software Corporation - U.S.A., L.L.C. are wholly owned subsidiaries of AGISS Corporation, a publicly traded company.
Investors please note:
This release may contain forward-looking statements that involve risks and uncertainties which might cause the actual results to differ materially from those projected in any forward-looking statements. Factors, which could affect actual results, include the development and introduction of competitive technologies, the overall market demand for AGISS products and services and/or the presence of technologically-inferior products and services which are priced or promoted to compete with AGISS.
Media Professionals please note:
-- AGISS executives are available for media interviews. Please call
an ASH Technology Marketing information contact on page 1.
-- Formal and candid photos of AGISS executives are available, as
well as electronic artwork for AGISS and logos and other imagery.
Call an ASH Technology Marketing information contact.
-- Complete media kits are available including other recent
pertinent announcements and glossy collateral materials
describing the new AGISS "Destination 2000" program and team.
Call an ASH Technology Marketing information contact.
-- We invite you to visit AGISS at www.agiss.com.
-- AGISS Company names and product and marketing program names such
as "Destination 2000" and "safe passage to the new millennium",
are trademarks or registered trademarks of AGISS Corporation or
AGISS Software Corporation. All other company names mentioned are
trademarks or registered trademarks of their respective owners.
--30--MF/ph*
CONTACT: For more information contact: ASH Technology Marketing (Media Relations): Gary Phippard, John Struthers or Pat Newson 613/591-3800 or Murdock Capital Partners Corp. (Investor Relations): Michael Block 212/421-2545 or AGISS Corporation: (Please see "special notes to Media Professionals" at the end of this release.)
KEYWORD: NEW YORK
INDUSTRY KEYWORD: TRADESHOW COMED COMPUTERS/ELECTRONICS |
