Agiss now into Europe 2000 and Euro conversion
AGISS ANNOUNCES ACQUISITION OF COMPUTER COMMUNICATION SYSTEMS LTD. OF POLAND 16:02 EST Tuesday, November 4, 1997
Canada NewsWire
OTTAWA, Canada, Nov. 4 /CNW/ - AGISS Corporation (AGCR; NASDAQ BB) announced the acquisition of Computer Communication Systems Ltd. (CCS) and two subsidiaries, CCS Software and CCS Cabling, Ltd. with reported sales of approximately US$7.5 million. Communication Systems and its subsidiaries employ over 100 engineers and software developers at its offices throughout Poland including Warsaw, Wroclaw and Poznan with a branch office located in Munich, Germany.
CCS specializes in the development of coherent systems to run large organizations utilizing Local Area Networks and Wide Area Networks using FDDI, X.25 and ATM backbone technologies. Their prime goal is to deliver the highest quality software and hardware solutions to their clients. Computer Communication Systems was one of the first authorized IBM partners in Poland. Authorizations include: Apple, Autodesk, Compaq, 3COM, EICOM, Lotus, Microsoft, Novel, ORACLE and SAP.
CCS Software specializes in Systems Analysis, design, selection of hardware and software for its clients, delivery and installation, training and ongoing service and support. CCS Cabling handles all aspects of installation of physical cable plants for advanced Information Technology (IT) networks, telephone, alarm systems and utilizing robotics technologies in their deployment.
Dr. Mariusz Rybak, Chairman and CEO of AGISS Corporation stated that ''our commitment to expand our operations through strategic acquisitions and reinvestment of our Year 2000 earnings is consistent with our business plans for accelerated growth and expansion of AGISS Corporation." CCS's clients include: CARGILL Milling, Proctor & Gamble, ESSO Poland, General Motors Poland, Upjohn Industries, Mercedes Benz Poland, ABB, AMERBANK, Coca Cola, Volvo, Cadbury, HypoBank Poland, CHASE GEMINA Polska, CITIBANK Poland S.A. and CREDIOTANSTALT.
Mr. Scott Feagan, the President of AGISS Corporation stated that "the acquisition of Computer Communication Systems Ltd. firmly establishes AGISS in the growing Year 2000 market for Poland and as a launching center for access to the European Year 2000 and Eurocurrency software markets. Poland alone represents over US$3.6 Billion of Year 2000 source code requiring remediation according to the Capers Jones Report from Software Productivity Research, a leading Year 2000 Research firm located in Burlington, Massachusetts. Our REMEDY2000(TM) methodology provides the means for clients to plan, organize, inventory, cost and correct their millennium source code to its largest corporate and government clients."
Mariusz Zdanowiecki, President of CCS stated, "AGISS has shown us that they have the people, knowledge, methodology and tools to resolve the Year 2000 situation. We will be moving quickly to train our staff and undertake Year 2000 contracts with our existing customer base as AGISS brings their technology and the commitment to transfer this technology into the European marketplace.
AGISS CORPORATION is a leading provider of automated conversion tools and services to solve the Year 2000 problem across many different platforms. Its Canadian methodology for correcting the "millennium" problem is called REMEDY2000(TM) and its marketed worldwide.
For more information, please contact Tom Dean or Michael Block at the Innovative Research Associates, Inc. at (212) 421-2545.
c Canada NewsWire - 1997 |
