To: silicon warrior who wrote (3006 ) 5/18/1998 2:28:00 PM From: Steven Messina,L.M.T. Read Replies (1) | Respond to of 3391
Monday May 18, 1:17 pm Eastern Time Company Press Release ConSyGen Announces Expansion of Software Conversion Services PHOENIX--(BUSINESS WIRE)--May 18, 1998--ConSyGen Inc. (NASDAQ:CSGI - news) Monday announced that it is now offering an automated COBOL upgrade service in addition to its existing automated software conversion service. This service will be supplied as a special project, or as an additional service within other conversion projects. The service also provides Year 2000 clients with the option to upgrade their COBOL to millennium-compliant versions. Ron Bishop, ConSyGen's president and chief executive officer, stated: ''As a specialist company providing automation of manually-intensive and error-prone information technology tasks, the offering of automated COBOL upgrades is a logical extension of our services. ''ConSyGen has developed a powerful automated software conversion technology which preceded our emphasis on Year 2000 conversions, and which will be one of our continuing major business emphases once the Year 2000 market has played itself out.'' He added, ''This service addition is extremely timely for Year 2000 clients. One of the areas that has been overlooked in the concentration on date correction projects is that the COBOL version that the client is using may itself not be Year 2000-compliant. ''In some instances, hardware manufacturers are using Year 2000 as an opportunity to terminate support on old COBOL compilers, which means that the client has a double task - as well as making their dates right, they also must upgrade their COBOL versions to one that is compliant. ''We are working with clients who have up to three different COBOL versions running simultaneously; converting these to a consistent version can be a massive task. Performing the COBOL upgrade as part of a date conversion project provides clients with a cheap, efficient resolution of both problems. ''It also demonstrates that ConSyGen's technology has positioned it to be actively engaged in providing automated software conversion services even after the Year 2000 opportunities are past.'' ConSyGen Inc. is a Phoenix-based software company that provides conversion/correction services with its proprietary technologies. The company's ConSyGen 2000(SM) software is an automated toolset that automatically identifies and corrects dates in both source code and data to be compliant for the Year 2000 and beyond. The company's ConSyGen Conversion(SM) toolset can automatically convert software to run on a different hardware platform. For example, software running on older BULL, IBM, Unisys, etc., mainframes can automatically be converted to run on new open system or client-server platforms (often called downsizing). The information contained in this press release contains forward-looking statements concerning the company's financial performance and business operations. The company wishes to caution readers of this information that actual results may differ materially from those projected in any forward-looking statements. Factors which might cause actual results to differ materially from those projected in the forward-looking statements contained herein include the following: failure of the company's ConSyGen 2000 or ConSyGen Conversion toolsets to enable the company to convert software programs successfully so that they are Year 2000 compliant and migrated to a functionally-equivalent operation; setbacks in developing the ConSyGen 2000 or ConSyGen Conversion toolsets or the company's other software products; market acceptance of the company's products; competitive factors; technical obsolescence of the company's products; and the ability of the company to protect its proprietary information. Contact: ConSyGen Inc., Phoenix Ron Bishop, 602/496-4545, ext. 132 Jim Vittera, 602/496-4545, ext. 117 Jeff Richards, 602/496-4545, ext. 112 Raj Kapur, 602/496-4545, ext. 109 (Investor Relations) consygen.com