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Technology Stocks : Safeguard Scientifics SFE -- Ignore unavailable to you. Want to Upgrade?

To: David Lawrence who wrote (1549)	7/24/1998 10:07:00 AM
From: llwk7051@aol.com	Read Replies (1) \| Respond to of 4467

Sanchez Computer Associates Announces License Agreement with Citibank MALVERN, Pa., July 24 /PRNewswire/ -- Sanchez Computer Associates, Inc. (Nasdaq: SCAI) today announced that Citibank has licensed PROFILE(R)/Anyware core banking software and PROFILE for Windows. PROFILE will be integrated with other components and service providers to allow Citibank to offer a full range of financial products and services to its customers. "As banking customers have become more demanding and mobile, Citibank recognized the need to create a next generation capability," said Sanchez Computer Associates President Frank R. Sanchez. Citibank is the principal operating subsidiary of Citicorp (NYSE: CCI), a global financial services organization serving customers, businesses, governments and financial institutions through 3,400 locations in 100 countries and territories around the world. Citibank can be reached on the World Wide Web at www.citibank.com. Based in Malvern, Pennsylvania, with offices in Warsaw, Prague, Jakarta and Chester (U.K.), Sanchez Computer Associates, Inc. is a market leader in providing integrated software solutions and services for financial institutions worldwide. Its principal product is PROFILE/Anyware, a highly flexible, multi-currency, loans, deposits and branch system which also supports emerging delivery channel technologies. This centralized system also includes the integrated module PROFILE/FMS (Financial Management System), a multi-company, multi-currency, cost center-based accounting system; and PROFILE for Windows, a graphical user interface branch system. For more information, visit Sanchez on the World Wide Web at www.sanchez.com or send e-mail to profile@sanchez.com. Sanchez is a Safeguard Scientifics, Inc. (NYSE: SFE) partnership company. This news release contains forward-looking statements, including statements of the company's sales and marketing expectations, that involve risks and uncertainties affected by the course of business in the financial services industry, intense competition among software companies serving that industry, the timing of new contract closings and significant events of revenue recognition which may impact the Company's quarterly results, the Company's ability to develop new functionality and other risks detailed in the Company's Form 10-K for 1997, filed with the SEC on March 30, 1998. PROFILE is a registered trademark and PROFILE/Anyware, PROFILE/FMS (Financial Management System) and PROFILE for Windows are trademarks of Sanchez Computer Associates, Inc. All other company and product names may be trademarks of the respective companies with which they are associated. SOURCE Sanchez Computer Associates CO: Sanchez Computer Associates; Citibank Robert D.