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

To: kfdkfd who wrote (9349)	2/5/1998 9:35:00 AM
From: Risky Business	Read Replies (1) \| Respond to of 13949

Navy's Space and War Command Selects NeoMedia Technologies' Products for Year 2000 Conversion, Wang Migration PDIT Serves as Systems Integrator for ADAPT/2000, WISP, PACEPort Products FORT MYERS, Fla.--(BUSINESS WIRE)--Feb. 5, 1998--NeoMedia Technologies (NASDAQ Small Cap:NEOM - news) Year 2000 division today announced that the US Navy's Space and War Command has licensed its ADAPT/2000, WISP and PACEPort products through PDIT, Inc. for year 2000 conversion and migration projects. The Navy department will move software from a Wang VS to an HP UNIX environment. The contract will positively impact NeoMedia's 1997 fourth quarter and 1998 first quarter. ADAPT/2000 is an integrated, repository-based mass change conversion tool set for COBOL applications. For Year 2000 projects, it provides an all-encompassing approach by offering tools for impact analysis, source code correction and data conversion. ADAPT/2000 is part of a family of powerful legacy COBOL extension tools that enable re-hosting and modernization of proprietary COBOL applications to open systems with graphical front ends. These capabilities provide enhancements and value long beyond the Year 2000. SPAWAR Systems Command has also licensed NeoMedia's WISP and PACEPort tools to migrate its existing applications on Wang VS systems to an open HP UNIX environment. WISP is NeoMedia's automated tool for migrating Wang/VS COBOL applications to Unix or NT, with an optional graphical user interface. It also integrates with industry standard relational database management systems (RDBMS) such as Oracle and Informix. PACEPort is a powerful, automated tool set for migrating Wang/VS PACE applications to Unix and Oracle. SPAWAR Systems Command is based in Charleston, SC. It designs, builds, tests, fields and supports many of the front-line command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR) systems in use today. ''ADAPT/2000 is one of the only tools on the market that will enable the Navy to make its Wang systems Year 2000 compliant,'' said George Luntz, managing director, NeoMedia's Year 2000 division. ''ADAPT/2000 addresses the widest range of COBOL dialects and file systems. Most Year 2000 COBOL products only address IBM mainframe environments. We are confident that ADAPT/2000 will bring long-term value to the Navy to address other crucial mass change code issues.'' PDIT is the systems integrator that will be providing project management, technical and strategic consulting services for this project. Founded in 1989, and headquartered in Long Beach, California, PDIT is internationally respected as an industry leader with demonstrated success in simplifying data access, integration, and exchange for large corporations and the U.S. government. ''We are excited about working with The Navy Space and War Command,'' said Don Bell of PDIT. ''As a government contractor and integrator, we will assist the Navy with Year 2000 compliance and migration into an open systems flexible environment. NeoMedia's products will allow the Navy to build upon its existing application and knowledge base, as opposed to the expensive and more tedious approach of 'scrap and rewrite.''' Founded in 1989 NeoMedia Technologies provides proprietary software for document management, Year 2000 conversion and intelligent document solutions. The company's premier Year 2000 product, ADAPT/2000, is an integrated repository based tool set for Year 2000 COBOL conversion that identifies, seeks and automatically corrects date processing logic and in program source code data files. ADAPT/2000 is unique in helping companies with a wide variety of COBOL dialects and file systems, including mainframe and proprietary minicomputers such as HP/3000, DEC VAX, IBM AS/400, IBM MVS, Data General, Wang, Tandem, Unisys, NCR and many others.