Intermost To Head Egan's China Y2K Task-Force
Martyn Williams, Newsbytes
08/11/98
Newsbytes News Network
(c) Copyright 1998 Post-Newsweek Business Information, Inc. All rights
reserved.
SHENZHEN, CHINA, 1998 AUG 12 (NB). Egan Systems, Inc., has
chosen Intermost Holdings, Ltd., to manage the daily operations of its
newly established Tech 2020 task-force in China.
Intermost is one of six "model information companies" recognized by the
Chinese government and brings to Tech 2020 a database of more than
two million Chinese company records and business information.
Tech 2020, in which Egan holds a 51 percent stake, will work on
upgrading and technical support of computer systems in China with an
initial focus on problems caused by the year 2000 problem.
"Our goal is for Tech 2020 to become China's technology sourcing agent
and clearinghouse for private and government operations, through at least
the year 2020," said Andy Lin, vice president of Intermost .
Following the appointment of Intermost , Egan announced Intermost
president, Jun Liang, will be president of Tech 2020, Andy Lin will
become chief executive officer and Edward Egan, president of Egan
Systems, will be chairman of the board as well as US director.
Egan Systems, a specialist in the COBOL computer language, announced
the formation of Tech 2020 earlier this week and said it expects the
venture to record revenues of $100 million within 3 to 5 years
(Newsbytes, August 11, 1998).
Reported By Newsbytes News Network: newsbytes.com
20:06 CST
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