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Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion -- Ignore unavailable to you. Want to Upgrade?

To: tech who wrote (8283)	12/15/1997 8:03:00 PM
From: tech	Read Replies (1) \| Respond to of 13949

OTTAWA, Dec. 12 /PRNEWSWIRE/ - AGISS Software Corporation (AGCR: NASDAQ BB) announced that it has received advanced notice from Public Works and Government Services Canada (PWGSC) of a contract to complete Year 2000 remediation work for the Canadian Department of National Defence. The contract is for work in an area that the department has dubbed the '' MIS Domain''. This domain is one of five that DND has selected to allocate effort to their preparations for the upcoming new millennium. The other four include communications, weapons systems, command and control systems, and miscellaneous systems. The total value of the DND effort for all five domains is estimated by the Department to be between $200 million and $400 million. A significant portion of this budgtet will be allocated to the MIS Domain. For this contract, AGISS is part of a team composed of AGRA Systems and Deloitte and Touche. AGISS will be providing the automated converstion effort for this contract using its REMEDY2000(TM) methodology. AGRA Systems will provide project management and contract administration and Deloitte and Touche will be providing up-front assessment and planning. The initial value of the contract is for $250,000; however, it is anticipated that the total value of work assigned under this contract will significantly increase once the Department has completed its initial assessments. According to the joint proposal submitted by the three firms, the potential value of the initial contract is in the $10 million range. AGISS is pleased to have been one of the firms selected by PWGSC for the DND contract. The President of AGISS, Scott Feagan, state that, ''The award of this contract by a major government department confirms that AGISS is capable of bidding for and winning government contracts. This initial award by DND will permit us to demonstrate the power and speed of our tool sets. This testimony to the excellence of our approach supports our recent efforts in expanding operations in Europe and the United States.'' AGISS SOFTWARE CORPORATION is a leading provider of automated conversion tools and services in Europe, Canada and the United States to solve the Year 2000 problem across many different platforms. Its methodology for correcting the ''millennium'' problem is called REMEDY2000(TM) and is marketed worldwide. AGISS is a wholly owned subsidiary of AGISS Corporation, a NASDAQ OTS BB company. SOURCE: AGISS Software Corporation CONTACT: Scott Feagan, Tel: (613) 230-7981