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Technology Stocks : 4Front Technologies - FFTI -- Ignore unavailable to you. Want to Upgrade?

To: Sultan who wrote (415)	10/7/1999 11:48:00 AM
From: JakeStraw	Respond to of 457

4Front Technologies, Inc. and Daewoo Corporation Sign Major New Customer Service and Help-Desk Contract; Contract Expected To Be Worth $3.25 Million Annually LONDON, Oct 7, 1999 (BUSINESS WIRE) -- 4Front Technologies, Inc. ("4Front") (Nasdaq NM:FFTI)(EASDAQ:FFTI) today announced that it has signed a major new UK customer service and help-desk contract with Daewoo Corporation of Korea, a leading international industrial concern with major manufacturing and trading operations throughout the world. The contract is expected to be worth at least $3.25 million to 4Front during its initial one-year term. In the UK, Daewoo markets a range of products, including its own brand of computer equipment. Under its contract with Daewoo, 4Front will provide comprehensive customer support and help-desk services to Daewoo computer customers. Services will include both software and hardware support and will be provided to Daewoo customers throughout the United Kingdom. Anil Doshi, Chairman and Chief Executive Officer of 4Front, said, "This contract further confirms 4Front's status as one of Europe's leading providers of computer support and help-desk services. We look forward to working closely with Daewoo and to building a successful partnership with them in the UK." 4Front Technologies, Inc., is a leading provider of information technology and outsourcing solutions, which consist of specialized computer services and complementary products, primarily to blue-chip corporations throughout Europe. 4Front's services and solutions include help-desk support, education services, product-related services, network services, systems integration, specialized software services and products and the supply of high-end storage systems. 4Front's customers include British Petroleum, British Telecom, Telecom Italia, Computer Sciences Corp., IBM, Phillips, Nokia, Siemens, Sony, Cegedim, Renault, Energis, Pfizer, Cariplo, Societe Generale and the UK Ministry of Defence. Additional information on 4Front can be found on the Company's website at www.4fti.com. Copyright (C) 1999 Business Wire. All rights reserved. Distributed via COMTEX. -0- CONTACT: 4Front Technologies, Inc., London Mark Ellis or Ken Newell, 011-44-171-269-5848 or Abernathy MacGregor Frank, New York Jason Thompson, 212/371-5999 (U.S. Investor Relations) or Shandwick International, London David Hothersall or Buster Cheetham, 011-44-171-329-0096 (U.K. Investor Relations) WEB PAGE: businesswire.com