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Technology Stocks : Formula Systems : FORTY -- Ignore unavailable to you. Want to Upgrade?

To: Josef Svejk who wrote (22)	3/2/1998 10:43:00 AM
From: ERM	Read Replies (1) \| Respond to of 141

Crystal Systems Solutions Announces Agreement with TACT HERZILIYA, Israel, March 2 /PRNewswire/ -- Crystal Systems Solutions (Nasdaq: CRYSF - news), a developer of conversion projects for mainframe computer systems, various programming language upgrades and data field conversions, announced today that it has signed an agreement with The A Consulting Team, Inc., TACT (Nasdaq: TACX - news). TACT is a leading provider of enterprise-wide IT consulting, software and training services. Crystal Systems Solutions will supply TACT with its C-MILL conversion tool and expertise so that TACT may service its Fortune 1000 customer list concerning Year 2000 (Y2K) conversion and compliance solutions. ''Crystal is continuing to pursue strategic partnerships around the globe in order to broaden our list of service providers and customers,'' says Ben Levy, Vice President of Crystal Systems Solutions. ''We are excited,'' says Shmuel BenTov, Chairman of the Board, CEO, and President of TACT, ''to partner with Crystal in order to deliver Y2K solutions to our customers. Crystal's C-MILL tool is designed to address a wide variety of computing environments including Cobol, IDMS ADS/0, Natural/ADABAS, and many others. Now we can offer this technology to our customers, while providing them with complete end-to-end Y2K services.'' TACT is a value-added re-seller of Y2K data remediation and testing software and solutions. Under the agreement, TACT will become: a value-added re-seller (VAR), an authorized training center, and a solution provider/system integrator, for Crystal's Year 2000 Software Conversion Tools. ''Ernst & Young, a long time ago, chose Crystal Systems Solutions as its business partner for performing Y2K conversion projects. We are similarly delighted to offer our customers Y2K services utilizing the same tools,'' said BenTov. ''C-MILL is a perfect complement to TACT's present Year 2000 software, services and solutions. C-MILL will provide us with code remediation and conversion solutions.'' Crystal Systems Solutions is a member of the Formula Group (Nasdaq: FORTY - news) which is the largest public IT group in Israel. Crystal's C-MILL tool and methodology as well as its automatic conversion tool kit is designed to present a comprehensive, cost effective Y2K conversion solution -- which is also adaptable for other conversion tasks. Crystal Systems Solutions has developed and is focusing on marketing an advanced, highly automated millennium solution for information systems in the IBM MVS mainframe environment. The Company provides software tools and services which are used to solve the widespread problems caused by the inability of certain information systems to properly interpret dates for the year 2000 and beyond. The Company is also in the process of working with a number of leading financial institutions in Europe to adapt its C-MILL tool to solve the upcoming conversion problems associated with the move by the European Monetary Union (EMU) to adopt a single EURO currency.