Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : NEWS ALERTS...Morning plays posted before 9:30 -- Ignore unavailable to you. Want to Upgrade?

To: Lance who wrote (374)	9/26/1998 4:14:00 PM
From: Archie Goodwin	Respond to of 931

WORC news........ IRVINE, Calif., Sept. 25 /PRNewswire/ -- Wordcraft Systems, Inc. (OTC Bulletin Board: WORC) (through its subsidiary Next Century Systems, Inc.) has entered into a Purchase/Distribution Agreement with San Diego Data Processing Corporation (SDDPC) to acquire its powerful proprietary SWIM(TM) (GIS) and SWIM(TM) (Pen) software programs. SWIM(TM) (an acronym for Sewer Water Infrastructure Management), is a water, wastewater and reclaimed water facility maintenance and management PC based software system which allows the user (water/wastewater utility companies) to computerize its facility's data. It has very successfully been used by the City of San Diego since the spring of 1996. The SWIM(TM) (GIS) software is the only software available which allows the user to convert the facility's paper mapping data into computer text and in addition it provides, by utilizing Geographic Information Systems (GIS) technology, a tight link between service orders, facility maintenance and facility data. The SWIM(TM) (Pen based component) software utilizes state of the art Global Positioning Systems (GPS) technology, and thus provides work order management, field crew dispatch capability, facility service locations and maintenance history. Editing, data capture and modeling management can also be entered from a computer notebook in the field. The SWIM(TM) products are priced on a per workstation basis including software licenses, custom modifications and training. According to industry analyst, Oaktree Consulting Group, automated Water Utilities average approximately 12 workstations. The SWIM(TM) software products have been a multi million dollar project that was developed by SDDPC for the City of San Diego Water and Wastewater departments. SDDPC had a Revenue of $41.1 million for the year ended June, 1997, and its shareholders' Equity is $11.8 million. SWIM(TM) is a Microsoft Windows-based client/server application using Oracle, PowerBuilder and Visual Basic and running also on pen based computers. The software has been broadly designed and may be modified for the Gas and Electric Utilities as well. Water Utilities are generally highly profitable entities, of which, approximately 85% are owned by Municipalities. Generally, the Water Utilities division is one of its major profit centers which can be further enhanced by the Company's more efficient software management system (SWIM(TM)). According to the American Water Works Association, there are in excess of 60,000 Water Utilities in the United States. This translates into a combined software market potential of Water, Gas and Electric utilities in excess of $1.0 billion. For further information, visit the Company's public relations website at www.1stNetTech.com/worc. This news release contains forms of forward-looking statements that are based on the company's beliefs as well as assumptions made by information currently available to the company. Such statements are subject to certain risks, uncertainties, and assumptions, which are identified in the company's Rule 15c-11 Information Statement. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results will vary materially from those anticipated, estimated or projected and the variations may be material. SOURCE Wordcraft Systems, Inc. -0- 09/25/98 /CONTACT: Harrysen Mittler of Wordcraft Systems, Inc., 949-261-7044/ /Web site: 1stnettech.com /Web site: wordcraft.com (WORC) CO: Wordcraft Systems, Inc.; San Diego Data Processing Corporation; Next Century Systems, Inc. ST: California IN: CPR SU: TNM * end of story * Brian $^)