To: The Ox who wrote (1490 ) 3/3/1998 8:45:00 PM From: Zoro Respond to of 1608
UniComp, Inc. Presents at Cruttenden Roth's 10th Annual Growth Stock Conference MARIETTA, Ga., March 3 /PRNewswire/ -- UniComp, Inc. (Nasdaq: UCMP - news; the Company) is a public company which trades on the Nasdaq stock exchange under the symbol UCMP. Founded in 1985 as a reseller of third party software products, the Company is presently comprised of two business components: services and equipment, and software and Year 2000 solutions. Since 1993, the Company has completed four acquisitions resulting in significant growth, with total revenue growing to $41 million for three quarters in fiscal year 1998 from $2.8 million in fiscal year 1993 and has over 450 employees worldwide represented by more than 6,000 customers in over 55 countries. With recent acquisitions, the Company's revenue base will exceed $50 million for the fiscal year ended February 28, 1998. The Company's services business consists of hardware support, maintenance and systems integration, contract programming/consulting and outsourcing for disaster recovery and payroll processing. Installation and integration services include system consulting and design, custom software development, system installation and testing, as well as a broad range of systems configuration and integration services for computer networks. The Company provides computer equipment to the educational, corporate and government sectors as an adjunct to its services businesses. The Company also provides point-of-sale terminal equipment for payment processing systems to merchant end-users. UniComp's platform-migration software enables businesses to migrate applications from IBM System/36 and AS/400 to UNIX or Windows NT. Rehosting enables businesses to retain their investment in existing software and databases. Rehosting also allows Independent Software Vendors to expand their market opportunities without replacing or rewriting applications, retraining or replacing software developers or incurring the cost and disruption of re- engineering their products. Electronic payment processing refers to the sequence of activities that occur among a customer, a merchant and a payment processor when goods or services are sold. The Company's payment-processing systems include software and hardware combinations that allow electronic settlement of payment transactions. The Company designs, develops and markets payment-processing systems that provide merchants a high degree of hardware independence by supporting a variety of hardware platforms, including personal computers, point-of-sale terminals and other peripheral devices. The Company's strategy in the payment processing market is to focus its sales and marketing efforts on the relatively small number of large payment processors and hardware vendors. In response to the increased awareness and demand for Year 2000 solutions, the Company has recently expanded its services business with the release of GO2000 to address this potential market. The Company believes that it has a unique opportunity to market its solutions to its existing installed base of users. Recently, the Company partnered with INTO 2000 International, Ltd., to develop a Year 2000 COBOL version of its software for the IBM AS /400. The Company will receive worldwide royalty payments from INTO 2000 on all copies supplied to end users of the COBOL Year 2000 solution module. Please visit our world wide web site atunicomp.com for further information on UniComp. SOURCE: UniComp, Inc.