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To: Robert K. Sims who wrote (6359)	5/19/1998 12:25:00 PM
From: Tech Master	Read Replies (5) \| Respond to of 10786

* PRESS RELEASE * Tuesday May 19, 11:52 am Eastern Time Company Press Release SOURCE: Alydaar Software Corporation Alydaar Announces Business Partnership Agreement To Provide Services Across The Pacific Rim CHARLOTTE, N.C., May 19 /PRNewswire/ -- Alydaar Software Corporation (Nasdaq: ALYD - news), through its wholly owned subsidiary Alydaar International Ltd., has announced today that it has entered into a Business Partnership Agreement to provide Year 2000 Factory Services with Commercial Software Services Limited (CSSL Group) in Hong Kong, Singapore, Australia, China, Malaysia, Indonesia, Macau and Thailand. CSSL, with headquarters in Hong Kong and 14 offices in 7 other countries, has over 1000 existing clients across the region in a wide variety of industry sectors. Over the last 5 years, CSSL's revenues have grown by an average of 20% per annum, and it has been the recipient of many awards, including awards from IBM for Market Leadership and Business Partnership Leadership. As a result of this performance, CSSL has attracted many significant corporate and individual investors, including IBM. Robert Gruder, Alydaar's Chairman and CEO, stated, ''I am delighted to welcome CSSL to our network of international business partners. Independent research shows that there is an enormous amount of Year 2000 work still to be contracted in this region, and our proven ability to provide a quality service with fast turnaround times will enable local companies to successfully achieve their Year 2000 goals.'' Andrew Carr, Alydaar International's Director of Business Development, added, ''This relationship with CSSL is another very exciting step forward for Alydaar International and will make a significant contribution to our operations.'' John Clough, Group Managing Director at CSSL, stated, ''With time running out for Year 2000 conversions, companies want to utilize a factory solution which is fully automated and can therefore deliver accurately remediated code quickly. Companies also want to send all their programs to a single factory, irrespective of the language in which they are written. We believe that Alydaar's SmartCode(R) technology, with its language and platform independence, will be readily adopted by leading organizations across South East Asia.'' The Year 2000 problem arises from computer programs written in the 1970s and 1980s that read only the last two digits in a year. The 00 reading for 2000 would cause an error in some programs or could be interpreted as 1900. The world-wide market to repair the Year 2000 problem is estimated to be in excess of $600 billion. Alydaar Software Corporation is a software reengineering company, specializing in providing services to resolve the Year 2000 problem, as well as computer language translation and systems migration services. Using SmartCode(R), its core reengineering technology, Alydaar can remediate most computer languages on most hardware platforms. SOURCE: Alydaar Software Corporation