Zitel Awarded Independent Verification and Validation (IV&V) Contract
FREMONT, Calif., Feb. 17 /PRNewswire/ -- Zitel Corporation (Nasdaq: ZITL) announced today that it has received and completed a contract to audit 7 million lines of IBM MVS COBOL code from a large financial firm in Canada. This initial project was completed with Zitel's teaming partner, Summit 2000 Inc., utilizing MatriDigm Corporation's Millennuim Control System (MICOS(TM)) to analyze the MVS COBOL code and the MatriDigm Analysis of Renovated Code 2000 (MARC2000(SM)) process for the IV&V phase. Terms of the contract were not disclosed.
Jack H. King, President and CEO of Zitel, said, "This contract was secured after a pilot test utilizing an onsite portable factory demonstrated the accuracy and management change control capabilities inherent in the MARC2000 process."
Richard W. Ormond, Chairman, President and CEO of MatriDigm said, "We are very pleased that MARC2000 was selected for this important step in Year 2000 readiness. MARC2000 represents best practice for Y2K audit and provides excellent due diligence documentation."
About Summit 2000 Inc.:
Summit 2000 Inc. specializes in providing Year 2000 MVS COBOL remediation and audit. They have a history of providing creative innovative information technology solutions for the Canadian market.
About MatriDigm Corporation:
MatriDigm is a software technology company specializing in technologies and services that improve the understanding, maintenance, migration, modification and testing of software applications. MatriDigm currently offers products and services addressing Year 2000 IBM COBOL code renovation and Independent Verification and Validation (IV&V). MatriDigm has received ITAA *2000 certification of its products and services.
About Zitel Corporation:
Zitel Corporation is an information technology company. Its Datametrics subsidiary specializes in automated performance analysis and correlation software. Its Year 2000 services business includes consulting, project management, planning, analysis, code conversion, code audit and testing. Zitel's headquarters are located at 47211 Bayside Parkway, Fremont, CA 94538. Telephone: 510-440-9600 or 800-622-5020. FAX: 510-440-9696. zitel.com. For information on Year 2000 services, call 888-FIND-FIX. Visit Zitel's web site for information and instructions to receive press releases via e-mail.
This press release contains projections and other forward-looking statements regarding future events or the future financial performance. These statements are only predictions and actual events or results may differ materially. Refer to the documents Zitel Corporation files from time to time with the Securities and Exchange Commission. These documents contains and identify important factors that could cause the actual results to differ materially from those contained in the projections or forward-looking statements in this press release.
NOTE: Zitel is a registered trademark of Zitel Corporation. MatriDigm, MARC2000 and MICOS are registered trademarks of MatriDigm Corporation. All other product names and brand names are trademarks or registered trademarks of their respective holders.
SOURCE Zitel Corporation
CO: Zitel Corporation
ST: California
IN: CPR FIN
SU: CON
02/17/99 09:00 EST prnewswire.com
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