BW1223 FEB 06,1997 8:14 PACIFIC 11:14 EASTERN
( BW)(TSR)(TSRI) TSR Inc. makes announcement
Business Editors/Computer & Electronic Writers
HAUPPAUGE, N.Y.--(BUSINESS WIRE)--Feb. 6, 1997--TSR,
Inc. (NASDAQ:TSRI), Joseph Hughes, Chairman, announced today that,
"In a recent meeting with the Chief Information Officer of a Fortune
500 publishing company, TSR was advised that the unit test conducted
last month for the company was a success. The pilot project
consisted of a conversion by TSR of an 80,000 line COBOL program to
be Year 2000 compliant, using TSR's CATCH/21 software.
"At this meeting, the CIO said that he plans to enter into an
agreement to engage TSR to convert the company's IBM mainframe
applications to make them Year 2000 compliant. The CIO believes that
using CATCH/21 will result in significant savings in both cost and
time as the company proceeds with application conversion for Year
2000 compliance. Obtaining this conversion agreement is of course
predicated on the assumption that our proprietary conversion
product, CATCH/21, will continue to perform according to the
client's expectations. The Fortune 500 company is conducting final
testing, which consists of parallel month end processing in
February."
TSR also announced today that it had entered into an agreement
with a Fortune 500 international pharmaceutical company to convert a
COBAL application in order to demonstrate that TSR's CATCH/21
software will meet the company's expectations.
According to Bill Connor, CATCH/21 architect, the product
utilizes a solution approach described as the "Sliding Century."
This method enables CATCH/21 to make applications Year 2000
compliant at a very low cost and over a reduced time period by
automating the process to a significant degree and by avoiding
changes to files or program logic.
The information contained herein includes certain
forward-looking statements concerning the future prospects of TSR's
CATCH/21 software. These statements involve risks and
uncertainties, including the risk that the CATCH/21 software will
not perform satisfactorily in future testing, result in orders or
achieve commercial acceptance, as detailed in the Company's filings
with the Securities and Exchange Commission.
TSR is a provider of computer consulting service and Year 2000
software solutions.
--30--MEM/ny* kim
CONTACT: J. F. Hughes
516/231-0333
KEYWORD: NEW YORK
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