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To: Robert K. Sims who wrote (6794)	7/8/1998 10:13:00 AM
From: Jeffrey S. Mitchell	Respond to of 10786

** Press Release on Russell 3000 Index Addition Charlotte, North Carolina -- Alydaar Software Corporation (NASDAQ: ALYD) today announced that the Company has been added to the Russell 3000 Index, a listing of the 3,000 largest companies in the U.S. stock market, ranked by market capitalization as of May 31st each year. Alydaar has also been added to the Russell 2000, an index which measures the performance of the 2,000 smallest companies in the Russell 3000 Index. The Russell 2000 Index is considered to be the benchmark of U.S. small-capitalization stock market performance. The Russell 2000 represents approximately 10% of the total market capitalization of the Russell 3000 Index. The Russell 3000 Index is compiled by the Frank Russell Company, a leading asset consulting and investment management firm that provides investment advise, analytical tools and funds to institutional and individual investors in 25 countries. Founded in 1936 in Tacoma, Washington, USA, Russell is the world's largest consultant to pension funds guiding the investment of more than US$1 trillion for retainer clients globally. Additional information on the Russell Indexes can be found on Russell's web site; www.russell.com Alydaar Software Corporation is a software re-engineering company that specializes in providing services to resolve the Year 2000 problem, as well as computer language translation and systems migration services. Using SmartCode, its core re-engineering technology, Alydaar can automatically remediate most computer languages on most hardware platforms. Alydaar has offices throughout North America and Europe. Alydaar is also a member of North Carolina's Tech50 as one of the fastest growing technology companies in North Carolina. Alydaar's Web site is alydaar.com