The 10-K on information systems:
The Company's Form 10-K for the year ended June 30, 1998 contains a discussion
of the Company's process to address the consequences of reaching the Year 2000
and the implementation of a company-wide ERP system to meet its information
system requirements. As of February 10, 1999, the Company has implemented the
ERP system, which is designed to be Year 2000 compliant, for approximately 45%
of its revenue base. The Company is also in the process of installing a wide
area network to support the ERP system and internal communications. Year 2000
compliance statements for all hardware, software and service providers
associated with this infrastructure have been obtained and are on file.
In addition, a preliminary survey of internal systems has been completed. This
survey indicated that existing local area networks, desktop operating systems
and desktop hardware are, in many cases, not compliant. As a result, an in-
depth inventory assessment and testing of all internal systems regarding Year
2000 compliance is in process. The Company anticipates that this assessment will
be completed by March 31, 1999. During this process all hardware will be
inventoried and tested. The systems are being tested using a third-party Year
2000 software application. Any non-compliant equipment will be replaced or
upgraded by approximately June 30, 1999. |
