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Technology Stocks : CSGI ...READY FOR TAKE-OFF! -- Ignore unavailable to you. Want to Upgrade?

To: RODNEY R. BORDELON who wrote (3350)	1/27/2000 9:45:00 AM
From: Michael Block	Read Replies (3) \| Respond to of 3391

NEWS NEWS ConSyGen Launches E-Commerce Division With PrecisionCommerce E-Commerce Engine TEMPE, Ariz., Jan. 27 /PRNewswire/ -- ConSyGen (OTC Bulletin Board: CSGI) www.consygen.com today announces the debut of its new E-Commerce division with its first E-Commerce service offering software. PrecisionCommerce(TM) is a customized web-based e-commerce engine designed for business-to-business and business-to-consumer Internet commerce. PrecisionCommerce(TM) works extremely well in Linux environments and also will have the ability to interface with existing business systems via custom XML-based plugins, positioning ConSyGen as a leading-edge developer of robust and extensible software applications. PrecisionCommerce will provide a very cost-effective means of doing business over the Internet. Lewis A. Burridge, ConSyGen's president stated, "XML and Linux are emerging as the new industry-wide software and language standards for organizations desiring to engage in E commerce. Since PrecisionCommerce(TM) can utilize both, it is truly a leading edge software package able to help brick and mortar business quickly and easily set up shop on the Internet or help redesign current sites with state of the art software." The PrecisionCommerce(TM) engine is platform- and database-independent and offers a wide array of administrative functions. Ease-of-use and robust reporting features were the focal point during development. "We're very excited to make this product announcement," said ConSyGen's Vice President of Business Development, Jason Genet. "PrecisionCommerce(TM) is the cumulative efforts of many dedicated software engineers and developers and represents the vision of ConSyGen moving forward. Internet commerce sales projections are staggering and we believe those projections to be accurate, if not conservative." Internet commerce stands on the threshold of broad global exponential growth. According to projections from Forrester Research, Inc., worldwide iCommerce sales will reach as high as $3.2 trillion in 2003, representing nearly 5% of all global sales. "When you start talking volume well into the trillions of dollars, it becomes very obvious that all companies, from the very small to the very large, will have the opportunity to benefit by being properly prepared for business on the Internet," said Genet. "For that exact reason, scalability was an underlying design principle of PrecisionCommerce. It will prove to be an excellent electronic commerce engine for the very small operator to the multi-national conglomerate." Based on Forrester's commerce threshold model, worldwide Internet commerce sales will be between $1.8 trillion and $3.2 trillion in 2003. In the high potential estimate, public and private synergy will make buying and selling on the Internet simple, secure and internationally viable, resulting in high growth. In the low potential estimate, slow business adoption and government intransigence will hamper iCommerce development. Both estimates include business-to-business and business-to-consumer sales and EDI orders placed on the Internet but exclude the value of financial transactions. Forrester defines iCommerce as the trade of goods and services in which the final order is placed over the Internet. ConSyGen Inc. is a Tempe, AZ.-based company that provides Enterprise Computing Services including Year 2000 Solutions using its proprietary automated software technology and Business Products aimed at the counterfeit detection market. The Company is positioning itself for entry into the E-Commerce and M-Commerce Solutions, Knowledge Management Software, and Internet Services markets. Note to Editors: Caution Regarding Forward-Looking Statements: Statements contained in this release other than statements of historical fact may be deemed to be "forward-looking statements." Forward-looking statements involve risks and uncertainties, which may cause actual results to differ materially from those, projected in such forward-looking statements. Factors that could affect results include the development of competing or superior technologies, market awareness and acceptance of ConSyGen technology. Overall market demand for conversion services, the company's ability to attract and retain qualified personnel and to protect its propriety information, and other risk factors set forth in the company's SEC filings. Contact: Jason Genet of ConSyGen, Inc., 480-394-9100; or Tom Pikoulas of HKT Investor Relations, 480-446-8640, for ConSyGen, Inc. SOURCE ConSyGen Inc. /CONTACT: Jason Genet of ConSyGen, Inc., 480-394-9100; or Tom Pikoulas of HKT Investor Relations, 480-446-8640, for ConSyGen, Inc./ /Web site: consygen.com