To: Jack Zahran who wrote (5812 ) 11/11/1997 3:31:00 PM From: John Hanzl Read Replies (2) | Respond to of 31646
This just in from our little friend TPI (OTC BB:TPII) "Tuesday November 11, 3:05 pm Eastern Time Company Press Release Transformation Processing Inc. Will Provide Year 2000 Services for Dofasco, Inc. MISSISSAUGA, Ontario--(BUSINESS WIRE)--Nov. 11, 1997-- Transformation Processing Inc. (TPI and OTC BB:TPII) announced today that it will provide Year 2000 consulting and management services to Dofasco Inc. of Hamilton, Ontario. These specific Y2K services will address Dofasco's In-plant Manufacturing Systems and demonstrates TPI's widening Y2K expertise to include not just the traditional Information Technology data and application sector but, also the embedded systems sector most often associated with manufacturers. TPI President, Douglas Woolridge, said that, ''Dofasco wants to ensure early Y2K compliance in its mission critical manufacturing operations and has a plan in place to make it happen. As we assist Dofasco to meet their objectives, we anticipate that this initial engagement will generate several million dollars in revenue and believe that substantial additional revenues will be derived from the project as it matures.'' Woolridge added that, ''This is actually our second Y2K engagement. The first is relatively modest in impact compared with Dofasco; however, in accordance with a non-disclosure arrangement no details will be forthcoming at this time.'' Dofasco is one of Canada's largest integrated steel-makers, with steel-making facilities in Hamilton, Ontario and Gallatin, Kentucky. Revenues for 1995 were in excess of $2.6 Billion. Transformation Processing Inc. is an Information Technology company that develops and markets software and services that enable companies worldwide to automatically migrate their application programs and data from legacy systems to open system and client/server environments. TPI has evolved from providing AS/400 legacy code migration services to a company supporting four lines of business: lient Server Migration, Support Services, Year 2000 and Groupware. This news release includes forward-looking statements that involve risks and uncertainties, including the timely development and acceptance of new products, the impact of competitive products and pricing, the timely funding of customers' projects, customer payments to the Company and the other risks detailed from time to time by the Company. "biz.yahoo.com I think that we ought not expect that Topro has sewn up the plant-floor market just yet! Just means that we need to get the Topro name out there more! Bag the TAVA name, dump the confusion and get on with it! IMHO, John