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

To: bob who wrote (11886)	6/9/1998 12:35:00 PM
From: BM	Respond to of 13949

Informission - Worldwide License Agreement with PKS JUNE 9, 1998 MONTREAL, QUEBEC--Informission Group Inc., (IFN) a public information technology company providing innovative and cost- effective solutions for the conversion, development and migration of information systems, announced today that it has licensed its Year 2000 software solution to PKS Systems Integration LLC of Phoenix, (Arizona). Following an extensive evaluation process, PKS Systems Integration selected Informission Group Inc.'s RECYC2000(TM) and RECYC2000- EXPLORER(TM) for implementation in software engineering centers around the world, including centers in Limerick, Ireland, Bangalore, India, and Phoenix, Arizona. By combining Informission Group Inc's tools with PKS' Suite 2000 methodology and software engineering centers, customers will receive a broad range of support on different environments requiring source code conversion. RECYC2000(TM), which is among the leading solutions addressing the Year 2000 conversion problem, analyzes and automatically converts the client's source code. RECYC2000-EXPLORER(TM) is a re- engineering tool used in conjunction with RECYC2000(TM). By allowing the user to determine exactly which part of the application needs testing, RECYC2000-EXPLORER(TM) significantly reduces costs and time requirements. "This agreement with PKS sets the basis for a long-term collaboration with one of the leaders in Information Technology," stated Jacques Topping, CEO and President of Informission Group Inc. "It will certainly strengthen our marketing strategy of addressing the international Year 2000 market." "It will also provide us with inroads regarding Euro and Intranet conversion, not to mention the migration to more powerful operating platforms and more advanced database formats." The Year 2000 conversion problem is the inability of most software programs and computer systems to properly interpret dates once the millennium changes. Most software programs and computer systems were encoded with two-digit date fields instead of four-digit date fields to save memory space. When the Year 2000 rolls around, however, these systems will misinterpret the "00" date field as "1900". Informission Group Inc. is a public information technology company providing innovative and cost-effective solutions for the conversion, development and migration of information systems. The Company offers proprietary re-engineering software products and systems integration solutions to clients located mainly in North America and Europe. Informission Group Inc., which currently has three offices in Canada and one in the United States, plans to open an office in Paris, France, and Ottawa, Canada, this year. The company has 16 strategic partners (most recently SEMA in Europe, and REASONING in the United States) in 8 different countries. Last year, Informission Group Inc. was selected as one of the 50 best- managed Canadian private companies by Arthur Andersen and the Financial Post. The Company was certified ISO 9001 in 1995