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

To: BigJake who wrote (11485)	5/11/1998 5:53:00 PM
From: Kent C.	Respond to of 13949

Here comes yet another Y2K stock: Monday May 11, 1:15 pm Eastern Time Company Press Release Year 2000 Software to be Acquired by Planet City DENVER--(BUSINESS WIRE)--May 11, 1998--Planet City (OTC BB:PINC) is pleased to announce that it is negotiating with Millennium Software Solutions, Inc. to acquire the U.S., South American, and partial European rights to the Millennium Bug Compliance Kit. The Millennium Kit is a software program that identifies if a personal computer's (PC) hardware system, more specifically the BIOS processor clock, and real time clock, has a potential year 2000 (Y2K) problem. This program fixes the problems by applying a removable patch on the PC (adding a program over the BIOS' existing program to make the computer recognize the year 2000). The MBCK also checks the PC to make sure that it recognizes leap years. Previous attempts to find the Y2K solution failed to recognize this problem as the year 1900 was not a leap year. It should be noted that if a PC can't provide the correct date the data will be corrupted. Millennium Software is currently in final negotiations with several software distributors and retailers to market this product. Anticipated retail price will be less than $50. The Kit is to be available for sale on the Internet by June 1, 1998, and in retail stores by July 1, 1998. Millennium Software purchased this program from Uniwell Pty. and ANKH Pty. of Australia, where approximately 14,000 units per month are being sold. Clients include Qantas Airlines, Polygram Records, the Australian Government, the University of New South Wales, and the National Railway Service. A money back guarantee is in effect in Australia, which emphasizes the confidence that the company has this software. In addition, Dr. John Kendall has agreed to join the board of Millennium Software as an advisor and consultant. Dr. Kendall recently retired as the Dean of Science at the University of Calgary. He holds three patents, and has written three books and over 60 papers on computer related technologies. He is also a former board member of LSI Logic (Canada). Few companies have recognized the Y2K problem for a PC. It is a fact that every PC manufactured before 1996 (Pentium 1 or less) will need to correct this problem. The market for this software is enormous, especially in South America where there is less than a 5% penetration of Pentium computers. The Argentinean government has said that it would devote up to 2% of its GNP to be Y2K compliant. Lastly, the company was unable to come to an agreement with SafetyPlay. Inc. All discussions have been terminated. Contact: Colin Karsten, 303/627-1884 or 800/219-8785 303/627-1894 Fax