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To: John Chapman who wrote (739)	7/2/1998 2:41:00 PM
From: John Chapman	Respond to of 1058

CSHK NEWS See biz.yahoo.com Thursday July 2, 11:40 am Eastern Time Company Press Release Cashco Management Inc. Announces Release of Y2K -Year 2000- Software PHILADELPHIA--(BUSINESS WIRE)--July 2, 1998--Cashco Management Inc. (NASDAQ BB:CSHK - news) announced today that the latest version of the company's Y2K analysis software, 11th Hour, has been released for volume CD ROM fabrication. Major sales and marketing efforts in strategic markets are currently being rolled out. An updated test drive of the product representative of this release will be available on the Zitec website (www.zitec.com) after July 1, 1998. A prior version, first released via the website, is still available. Orders for product may be placed via the website. The company has implemented an NFR (Not For Resale) program for dealers and set a target of July 15, 1998 to commence shipment of an NFR product to dealers. Additional details about the program will be made available over the next two weeks. Cashco has also committed to providing a full version of the program for download via the Internet on www.zitec.com prior to the end of July 1998. Volume shipments of the CD based product will commence Aug. 1, 1998. Details of the integrators, VARs (Value Added Resellers) and VADs (Value Added Distributors) version, as well as corporate and government site licensing programs are in development and will be made available prior to Sept. 1998. Based on orders in hand and pending, the company is confident in projected earnings of $.03 per share for the period ending Dec. 31, 1998. Cashco Management Inc. is an information systems management company. -------------------------------------------------------------------------------- Contact: Cashco Management Inc. Alan Laffkas 610/458-9540 or The Pinnacle Group Mark Cohen 718/428-7651