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Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW) -- Ignore unavailable to you. Want to Upgrade?

To: RCJIII who wrote (32639)	5/2/2000 11:56:00 AM
From: Stock Watcher	Read Replies (1) \| Respond to of 52051

RC; it's also on Index #1; volume healthy + 8% @ $3.21...

To: RCJIII who wrote (32639)	5/2/2000 1:48:00 PM
From: Stock Watcher	Read Replies (2) \| Respond to of 52051

RC: FYI, MIGR (index #3) news: 7:05 am MIGR Announces Final Round Of $3.75 Million Financing Cardinal Investment Company and Mercury Ventures View MigraTEC Technology as Bridge for Migration to 64-Bit Platform DALLAS--(BUSINESS WIRE)--May 2, 2000-- MigraTEC© Inc. (OTCBB:MIGR - news), the recognized leader in platform migration technology, announced today that it has completed the final round of private financing from Mercury Ventures, Ltd. and Cardinal Investment Company, Inc. The $1.25 million funding is the third stage of a total $3.75 million financing arrangement. MigraTEC, based in Dallas, announced the first investment from Cardinal and Mercury January 27, and the second round on April 3. MigraTEC will use the funds to continue its roll out of software solutions that automate the migration or upgrade of mission-critical application software. MigraTEC's Migration Workbench(TM) software automates the platform migration or upgrade of C and C++ application software. MigraTEC's software solutions are marketed to leading-edge companies, such as systems integrators, e-commerce solutions providers, independent software vendors, hardware and operating systems OEMs, and other companies that need to migrate mission-critical application software from one platform or environment to another, including 32 to 64-bit platforms, from UNIX to Linux, UNIX to UNIX and UNIX to Microsoft© Windows NT©. ``We recently announced that Intel and MigraTEC have agreed to collaborate in optimizing the process of migrating applications to Intel's new Itanium(TM) processor architecture,'' said Curtis Overstreet, MigraTEC's president and CEO. ``This additional financing from Cardinal and Mercury will enable us to rapidly deliver MigraTEC technology to key partners such as Intel.'' ``We believe MigraTEC's technology can be the bridge that helps enterprises move from 32-bit to 64-bit platforms to take advantage of the stability and power of the newer architectures,'' said Kevin Howe of Mercury Ventures, Ltd. ``Our continuing investment in MigraTEC will help establish the company as a significant force in the migration to 64-bit systems.'' Mercury Ventures is a Texas limited partnership that manages private investments in established smaller and middle market technology focused companies. Drew Johnson of Cardinal Investment Company, said, ``MigraTEC is unique in providing automated solutions for migrating applications to 64-bit platforms. The technology is proven, and it's available now. We're excited to be involved in what we think has great potential to benefit a wide range of enterprises.'' Cardinal Investment Company, Inc. is a Dallas-based firm that makes and manages private equity investments. Overstreet continued, ``Enterprises face a dilemma as great, if not greater, than what they confronted in fixing the Y2K problem. Worldwide, organizations have billions of lines of existing C and C++ code behind mission-critical applications, and they will have to either migrate those applications or manually rewrite them to take advantage of 64-bit platforms. We believe there is a potentially large market for technology that can automate much of the migration process and help enterprises leverage their IT investment while making the transition.'' More about MigraTEC Based in Dallas, MigraTEC, Inc. develops and markets leading-edge software tools and technology solutions to its business partners and customers. MigraTEC tools save customers significant time and money by automating the migration and upgrading of C and C++ based application software. MigraTEC's technology addresses 32 to 64-bit migration of mission-critical applications as well as migration to advanced operating systems. MigraTEC, Inc. is publicly traded on the OTC Bulletin Board under the symbol ``MIGR.'' For more information, contact MigraTEC, Inc. at 11494 Luna Road, Suite 100, Dallas, Texas, 75234; telephone 972/969-0385; fax 972/969-0371; Web address www.migratec.com. The statements contained in this release that are not purely historical are forward-looking statements that may involve risks and uncertainties. The Company's actual results may differ significantly from the results contained in the forward-looking statements. These risk factors are discussed in the Company's filings on Forms 8-K, 10-QSB and 10-KSB. MigraTEC is a registered trademark and Migration Workbench is a trademark of MigraTEC, Inc. Intel is a registered trademark and Itanium is a trademark of Intel Corporation. Other brands and marks are the property of their respective holders.