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Gold/Mining/Energy : 2000 millennium problem: investment opportunities -- Ignore unavailable to you. Want to Upgrade?

To: BM who wrote (133)	3/24/1998 9:55:00 PM
From: BM	Read Replies (1) \| Respond to of 222

TPI MARKET UPDATE - MARCH 1998 1998-03-20 MISSISSAUGA, ONTARIO Paul G. Mighton, CEO of Transformation Processing Inc. (TPI) (OTCBB:TPII) announced a current summary of the Company's activities. Year 2000 As the new millenium fast approaches, the global market is finally beginning to focus on the Year 2000 problem it faces. This ominous issue is not only in information technology, but also in embedded systems, affecting all of our lives. Embedded systems are devices used to control, monitor or assist the operation of equipment, machinery or a plant. "Embedded" reflects the fact that they are an integral part of the system. In many cases their embeddedness may be such that their presence is far from obvious. At the other extreme a general-purpose computer may be used to control the operation of a large complex processing plant and its presence will be obvious. In addition to providing a 'best of breed' end-to-end Year 2000 solution for information technology problems, TPI is also ready to assist organizations in assessing and remediating the embedded systems problems that they face. We are quoting on many Year 2000 projects, both IT related and embedded. We have begun work at several sites and due to the litigious nature of this problem, organizations are moving very slowly prior to signing these contracts. We currently are negotiating through this process with a number of clients. TPI continues to grow its relationship with BMR Software. Our Year 2000 professionals have been working very closely with Bob Bemer and his team performing the necessary due diligence on the Vertex 2000 product. Since signing a letter of intent with BMR to represent the Vertex 2000 in the commonwealth countries, we have continued to share various technical strategies that include architecture, methodology, packaging, and marketing to ensure both BMR and TPI can maximize the Vertex 2000 opportunity on a global level. BMR has now completed its alpha site implementation with a live customer and TPI is currently negotiating a large contract to use Vertex 2000 software for a beta site opportunity. We expect to bring these negotiations to a successful conclusion in the very near future. In the area of research and development, our Year 2000 professionals are nearing the end of the development cycle to launch TPI's first proprietary Year 2000 scanning tool. This tool has shown efficiencies allowing code to be scanned at a rate of 50,000 lines per second. The competitive advantage that our scanning tool will bring to the market can be used to expedite the front-end of the Year 2000 discovery project by quickly identifying 100% of the date fields. At the back-end of the project, our scanning tool has already been used for code verification of Year 2000 compliancy, thus opening up a whole new market in after-remediation acceptance testing. We will be making an announcement shortly that will introduce this new exciting technology to the marketplace. Groupware Once limited to e-mail applications, more and more companies are beginning to reap the benefits of these powerful information and workflow management systems. By giving employees access to increasingly user-friendly management tools, we can help identify hidden patterns in customer information records and make better informed, more strategic, decisions. TPI has continued to grow our Groupware division where it is now approaching $1 million in annual sales. We have a solid customer base of over ten clients in Canada and the United States and this division has allowed us to cross-sell our other TPI lines including, but not limited to, Year 2000 solutions. As this division continues to grow, we continue to explore various acquisition opportunities that will increase revenue by the fall of 1998. Client Server Migration TPI has completely re-engineered its initial Client Server Migration product offerings to provide us greater exposure to our original target markets. The product has been enhanced with additional functionality as well as increased speed of electronic migrations. The opportunities in our Client Server Migration division have been overshadowed by the market awareness of the Year 2000 issue. Enterprises that have a requirement for migration are reluctant to take this task on until they have addressed their Year 2000 compliancy issues. Therefore, TPI is well positioned to capture the significant post-2000 client server migration market. SEC Filing On March 12, 1998, TPI filed its Form 10-SB Registration Statement with the SEC. This tedious initiative, led by TPI's Chief Financial Officer, John McGee is an important milestone in our Company's history. Our investors and potential investors can now view TPI's information electronically through the SEC's EDGAR system (www.freeedgar.com). As the Company matures and grows through revenue and acquisition, this status allows us the opportunity to attract institutional investors and provides a formal channel for communicating TPI's financial progress. We firmly believe that with this milestone comes the refocusing of TPI's executive team out to the sales and marketing initiatives that will allow us to continue our successful growth. This news release includes forward-looking statements that involve risks and uncertainties, including the timely development and acceptance of new products, the impact of competitive products and pricing, the timely funding of customers' projects, customer payments to the Company and the other risks detailed from time to time by the Company. For more information about TPI see our web site at www.tpii.com, or contact: Samantha Chapman, Internal Investor Relations Transformation Processing Inc. 2121 Argentia Road, Suite 200 Mississauga, ON CANADA L5N 2X4 email: schapman@tpii.com Tel: (905) 812-7907 Fax: (905) 812-7920 Toll-free: (888) 222-5967