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Thursday March 19, 8:02 am Eastern Time
Company Press Release
Jim Cannavino, Internet Technologist & Industry Visionary, Named Chairman of Computer Concepts' Internet Strategy Committee
BOHEMIA, N.Y.--(BUSINESS WIRE)--March 19, 1998--Computer Concepts Corp. (NASDAQ-CCEE) (CCC) today announced that James A. Cannavino, former President and CEO of Perot Systems and IBM senior executive, has been named Chairman of Computer Concepts' Internet Strategy Committee. His primary responsibility will be to plan the strategy to bring to market the new, leading edge Internet technologies of Computer Concepts.
Dan DelGiorno, president and CEO of Computer Concepts, stated, ''Our entire organization is extremely pleased to have the guidance of an industry visionary as successful and well-respected in the software industry as Jim Cannavino. We believe his direction in the implementation of CCC's Internet technologies will be a key factor in establishing our Internet Information (TM) as a new standard in the rapidly growing marketplace of the Internet.''
Cannavino, commenting on the decision to chair the committee, indicated ''I am extremely impressed with Computer Concepts' management team headed up by Dan DelGiorno, president and CEO, who has taken the Company from a startup to approximately $30 million in sales in 1997, with over a 100% sales growth rate anticipated for 1998. This was no small accomplishment considering the majority of startups fail due to lack of funding and poor management.''
Regarding CCC's new Internet technology, Cannavino stated ''The Company has invested, and continues to invest, substantial resources in its d.b.Express Internet Information Server which I believe will set a new standard in visualizing and analyzing large amounts of data over the Internet, as well as locally via Intranets.'' Cannavino added, ''I believe as do British Telecom executives, whose company has recently licensed this technology, that there are lucrative areas where this technology will shine. I am looking forward to working with the team that brings to market this next generation of Internet/Intranet based technology.''
This release contains forward looking statements which are based on current information and on management assumptions, and are subject to other important factors disclosed from time to time in the company's Form 10-K and Form 10-Q , Registration Statements and other Securities and Exchange Commission filings including specifically, among other factors, changing marketing and economic conditions, timely roll-out of its products by licensees and acceptance of the company's Internet based d.b.Express, SST and Year 2000 technologies. Actual results may differ materially from the forward-looking statements in the release.
Computer Concepts Corp., headquartered in Bohemia, New York, develops software tools including d.b.Express that assist end users in the retrieval and visualization of all types of data. Computer Concepts' d.b.Express Internet Information Server(TM) has recently been licensed by British Telecom, and has been integrated with British Telecom's Syncordia Services' C-View software application which will allow BT's customers to access and analyze the high volumes of technical and account information available within BT's Internet-based databases without having to download the data to their own computers. The new d.b.Express Internet Information Server(TM) and JAVA Applet have overcome a major Internet problem, that of high data volume and limited bandwidth, currently responsible for the lengthy delays associated with data downloading.
SOFTWORKS, Inc., headquartered in Alexandria, Virginia, is a leading global provider of IT solutions for the enterprise and a wholly owned subsidiary of Computer Concepts Corporation. Founded in 1977, SOFTWORKS responds to the data management needs of organizations worldwide, supporting customers in more than 50 countries with solutions for the Year 2000 problem, enterprise performance management, multi-platform data and storage management, and professional services. SOFTWORKS customers include nearly 80 percent of the FORTUNE 100.
Computer Concepts and its subsidiary employ a staff of 217. For more information about Computer Concepts and SOFTWORKS, call (516) 244-1500 or visit Computer Concepts' web site at www.computerconcepts.com or SOFTWORKS' web site at www.softworks.com.
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Contact:
Media:
Fielding Dupuy 212/627-0814
or
Gary Kolesar, VP Investor Relations
Leigh Athans - Investor Relations Manager
Computer Concepts Corp. 516/244-1500
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Computer Concepts (NASDAQ: CCEE) Date: Mar 18
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