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

To: John Sikora who wrote (9646)	2/24/1998 10:27:00 AM
From: Risky Business	Read Replies (1) \| Respond to of 13949

NANDA, JGIBBS, JOHN & EVERYONE After reading an article on this company in the washington post it has me very interested! Technet Computer Services, Inc. (Technet) specializes in systems integration and development of software products and turnkey solutions for a wide range of industries. Founded in 1989, we have software development centers and engineering laboratories in Vienna, Virginia, Iselin, New Jersey, and Madras, India. These facilities are equipped with state-of-the-art hardware, operating and database management systems, interactive software development tools and communication equipment. Our sophisticated offshore development facility in India has a dedicated, high-speed satellite link to the U.S. With a team of highly-skilled professionals, we have developed high-quality software products at relatively low cost and are able to pass the savings on to our clients Doesnt this sound familiar? The company that owns technet is MVSI, MVSI had a recent bad quarter but it looks like things might be changing for the better, lets put our heads together on this one and do some digging! This company has a sub 100 million dollar market cap! Heres the article that caught my eye: MVSI seeks steady growth through year-2000 retooling The Washington Times Mon, Feb 23 1998 MVSI Inc., a Vienna information technology company, is just one of many relatively unknown players in Northern Virginia's tech community. But after creating the entire computer network for the MCI Center and making a serious entry into the Year 2000 computer restoration market, Paul Richter, the new president and chief operating officer of MVSI, says that anonymity won't last too much longer. "Our goal is not to get incredibly huge quickly," said Mr. Richter, 42, formerly the firm's general counsel. "But we do want to get profitable, increase our value to shareholders and be far more aggressive in going after government contracts." MVSI, a five-year-old company, sells software engineering and development and builds computers on contract. Amid the diverse operations, however, one of the first tasks Mr. Richter will face is quite clear: establishing long-term profitability. Despite a 150 percent increase in revenues to nearly $40 million in its last fiscal year, earnings plummeted 89 percent to just over $100,000. The company then lost more than $563,000 during its October-December quarter. "We were hurt quite a bit by the Asian crisis, foremost with our Canadian subsidiary {MVS Modular Vision Systems, a maker of robotic sensors used in manufacturing}," he said. "That market, which already had a long sales cycle, has dried up to a fair degree. This is part of why we're looking to expand in our other, more profitable areas." One of those money makers is Year 2000 computer restoration work. Another MVSI subsidiary, Technet Computer Services, specializes in the actual reprogramming of computer code to recognize years that start with 20. But unlike many fledgling tech firms, Mr. Richter says MVSI's Y2K business is not a johnny-come-lately operation, and the client list draws heavily from the fashion industry, including L'Oreal, Mabelline and Ralph Lauren. "We're not a body shop. We have an established software team that's had products for 10 years and has a lot of capabilities," Mr. Richter said. "We particularly excel at warehouse and inventory management, and we're aggressively promoting those capabilities Now look at these contracts>go back to the y2k thread, Risky

To: John Sikora who wrote (9646)	2/24/1998 10:28:00 AM
From: Risky Business	Respond to of 13949

MVSI Subsidiary Awarded Year 2000 Conversion Order by L'OREAL VIENNA, Va., Feb. 4 /PRNewswire/ -- MVSI, Inc. (Nasdaq: MVSI - news), a Washington, D.C. area broad based technology company, announced today that its subsidiary, Technet Computer Services, Inc. (''Technet''), has been awarded an order to convert software code in 1998 to be fully Year 2000 (Y2K) compliant for the Warehouse Management System of L'OREAL Hair Care Division, a billion dollar international company in the hair care manufacturing and distribution business. This is the second order received by Technet for Y2K remediation work in the past week. Technet is actively pursuing other specific Y2K remediation opportunities and believes that the demand and scope of Y2K opportunities is rapidly growing. With a solid core of Y2K software programmers in the United States and 24-hour satellite access to many more software programmers in Madras, India, Technet has the manpower resources and experience to handle corporate Y2K remediation work for medium and large corporations and government agencies. Technet is increasing its Y2K programming staff in the States and offshore in anticipation of a rapid increase in Y2K business in 1998 from corporations and from other software companies which cannot cope with their growing backlog of Y2K remediation work. Chairman Ratkovich stated ''We believe that software development and maintenance, especially Y2K remediation work, will become a major business line for MVSI in 1998. Coupled with the development of our subsidiary ''Socrates'' as a one-stop Information Technologies (''IT'') products and services center, we believe that MVSI is well positioned to take advantage of the growing demand of corporations for specialized or custom software development and IT expertise, to include computer hardware products and services. We are pleased at the progress of Technet in winning another Y2K remediation project and we look forward to our continuing success and substantial growth in 1998 in this dynamic business area.'' Technet currently has available dedicated software engineers and facilities in Virginia, New Jersey and by satellite in India. This real-time offshore parallel capability allows Technet to quickly perform time sensitive tasks, particularly Y2K remediation, testing and validation. This capability is of significant value to Technet's customers, particularly those with critical operations that cannot be disrupted. MVSI's other major business lines are IT products and services, including computer training, for corporate and government customers, and the development, manufacture and integration of 3-D laser and camera machine vision sensors and inspection systems for robotics, semiconductor and other high-tech industries. Except for historical information herein, certain matters discussed in this release include forward-looking statements that may involve a number of risks and uncertainties, which projections and statements are made pursuant to the ''Safe Harbor'' provisions of the Private Securities Litigation Reform Act of 1995. Actual risks and results may vary significantly based on a number of factors, including, but not limited to: risks in products and technology development, market acceptance of new products; continuing product demand; the impact of competitive pricing and the Company's relations with its customers; and other risks or events detailed in the Company's current and future filings with the Securities and Exchange Commission. For additional information on MVSI, Inc., please contact the Company at its principal executive offices at 8133 Leesburg Pike, Suite 750, Vienna, Virginia 22182, telephone 703-356-5353 and facsimile 703-356-5354. MVSI, Inc.'s Web site is located at www.mvsiinc.com.

To: John Sikora who wrote (9646)	2/24/1998 10:29:00 AM
From: Risky Business	Respond to of 13949

MVSI Subsidiary Awarded Year 2000 Conversion Order for the Ralph Lauren And European Designer Fragrance Divisions of Cosmair, Inc. VIENNA, Va., Jan. 27 /PRNewswire/ -- MVSI, Inc. (Nasdaq: MVSI - news), a Washington, D.C. area broad based technology company, announced today that its subsidiary, Technet Computer Services, Inc. (''Technet''), has been awarded the task of converting all software applications to be fully Year 2000 (Y2K) compliant at the Ralph Lauren and European Designer Fragrance divisions of Cosmair, Inc., a multi-billion dollar company. This award follows Technet's successful completion of numerous software development projects over the past few years for the major operating divisions of Cosmair, including the Redken and Maybelline divisions. The products of these divisions are well known and widely used in the world cosmetics market. Technet will be performing Y2K conversion tasks at the customer's sites and at its Y2K remediation centers in Virginia, New Jersey and India. Technet is a provider of customized software development and maintenance services, including Y2K conversion solutions. Technet currently has available dedicated software engineers and facilities in Virginia, New Jersey, and India. Technet's software development and Y2K remediation centers are linked 24 hours a day by satellite to India. This real-time offshore parallel capability allows Technet to quickly perform time sensitive tasks, particularly Y2K remediation, testing and validation. This capability is of significant value to Technet's customers, particularly those with critical operations that cannot be disrupted. MVSI performs computer software development and maintenance services for system applications, including implementing solutions for Y2K conversion. MVSI develops, manufactures and integrates machine vision systems for the robotics, semiconductor, and other high-tech industries. MVSI also manufactures, integrates and markets brand name proprietary and generic high-end computer system products and services. Except for historical information herein, certain matters discussed in this release include forward-looking statements that may involve a number of risks and uncertainties, which projections and statements are made pursuant to the ''Safe Harbor'' provisions of the Private Securities Litigation Reform Act of 1995. Actual risks and results may vary significantly based on a number of factors, including, but not limited to: risks in products and technology development; market acceptance of new products; continuing product demand; the impact of competitive pricing, and the company's relations with its customers; and other risks or events detailed in the Company's current and future filings with the Securities and Exchange Commission. For additional information on MVSI, Inc., please contact the company at its principal executive offices at 8133 Leesburg Pike, Suite 750, Vienna, Virginia 22182, telephone 703-356-5353 and facsimile 703-356-5354. MVSI, Inc.'s Web site is located at www.mvsiinc.com. SOURCE: MVSI, Inc.