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Microcap & Penny Stocks : Veronex Technologies Inc. (VXTK) -- Ignore unavailable to you. Want to Upgrade?

To: Gregory who wrote (391)	6/4/1998 12:28:00 PM
From: tshane	Respond to of 684

Don't know how big this company (Kathpal) is but this should have a lot of potential for further contracts with government contracted companies who aren't going to solve the Y2K in time unless they use I\|NOVA system. They are running out of time. Today HCFA,GSA,NIH - tomorrow the world and finally the IRS contract! :-) Thursday June 4, 9:03 am Eastern Time Company Press Release Veronex Announces Third Strategic Alliance Veronex Announces License Agreement with Kathpal Technologies Inc. IRVINE, Calif.--(BUSINESS WIRE)--June 4, 1998--The Board of Directors of Veronex Technologies Inc. (OTCBB:VXTK - news) Thursday announced that it has signed a Strategic Alliance Agreement with Kathpal Technologies Inc. to license the use of Veronex's complete I/NOVA System, an ITAA 2000 Certified Y2k solution. The terms of the agreement call for Kathpal to pay a one time license fee and to permit Veronex to share in gross revenues generated from the use of I/NOVA System. Kathpal is a provider of leading edge services to the U.S. Government and private industry. These services span the range of support needed to design and implement software systems capable of effectively meeting operational information requirements both now and in the future. Founded in 1989, Kathpal is a certified SBA 8(a) minority business enterprise with headquarters in Virginia and has current Indefinite Delivery/Indefinite Quantity Contracts with the Health Care Finance Administration, General Services Administration (FAST) and National Institutes of Health. ''The strategic relationship with Kathpal offers Veronex the opportunity to put its I/NOVA System with its Rapid Application Development System into use in the U.S. Government sector immediately,'' stated Thomas Price, president.