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Technology Stocks : Euro conversion is coming faster than Year2000 -- Ignore unavailable to you. Want to Upgrade?


To: DD™ who wrote (6)1/8/1998 7:10:00 PM
From: Risky Business  Read Replies (1) | Respond to of 19
 
Is this the firt Euro-Currency Conversion contract? If so it would seem Crystal Systems has a leg up on the competition.

Crystal Systems Solutions LTD. EURO-Currency Conversion Methodology Chosen by THE FORD MOTOR COMPANY

ÿ

Herzlia, Israel, September 16, 1997

ÿ

Crystal Systems Solutions (NASDAQ: CRYSF), a developer of conversion projects for mainframe computer systems, various programming language upgrades and data field conversions, today is pleased to announce that Ford Motor Company (NYSE:F) of Dearborn, Michigan, has chosen Crystal Systems Solutions C-MILL EURO-currency conversion tool and methodology as its standard at all Ford mainframe sites in Europe.

The announcement followed the successful completion of a number of evaluation projects conducted in two major departments of Ford in Germany.

In making the announcement, Amiram Mel, Chief Executive Officer of Crystal Systems Solutions said, "This announcement represents a major milestone for Crystal Systems Solutions. Having performed many Year 2000 assessment and conversion projects to date, Crystal Systems Solutions is positioning itself as a major player in the upcoming EURO-currency conversion area. We look forward to completing all phases of the EURO-currency conversion process in a timely and efficient manner."

Crystal Systems Solutions has developed and is focusing on marketing an advanced, highly automated millennium and EURO-currency conversion solution for information systems in the IBM MVS mainframe environment. The Company provides software tools and services which are used to solve the widespread problems caused by the inability of certain information systems to properly interpret dates for the year 2000 and beyond as well as the implementation of the upcoming EURO-currency.

Source: Crystal Systems Solutions Ltd.

Contact: Iris Yahal, CFO, Investor Relations, Crystal Systems Solutions

Regards,

Risky