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To: im a survivor who wrote (8693)	10/30/1998 1:35:00 PM
From: JG	Respond to of 10786

Friday October 30, 12:51 pm Eastern Time Company Press Release Year 2000 Wire/Alydaar Software Corporation Selected to Help Guardian Royal Exchange Swat the Millenium Bug CHARLOTTE, N.C.--(BUSINESS WIRE)--Oct. 30, 1998--Alydaar Software Corporation (NASDAQ:ALYD - news) announced today that it will provide Guardian Royal Exchange with an independent audit of its Year 2000 computer systems to provide further safeguards in ensuring millenium compliance. The audit is believed to be one of the first independent checks to be introduced by a financial services company. Alydaar will complete this additional audit on a statistical sample of amended Guardian Royal Exchange computer programs within the next eight weeks. Jim Hudson, Deputy U.K. Millenium Director at Guardian Royal Exchange said, ''A stand-alone check by a professional third-party is an extra ingredient to help ensure compliance. This step is over and above the existing stringent test we have already undertaken and is an indication of our commitment to our own millenium program.'' Jim Hudson continued, ''We aim to be one of the first major financial services companies to complete a comprehensive review of our millenium alterations. The fact that we are also having a number of the changes verified by an independent third party should give extra satisfaction to intermediaries and customers throughout the U.K.'' Alydaar's Chairman and CEO, Robert Gruder, stated, ''We commend GRE for its industry leadership in arranging for an independent audit of its remediated code as a further assurance of Y2K compliance, prior to putting the code back into production. We are very pleased to have been selected by GRE to perform the audit of its code. This contract award increases our business from the U.K. and Europe. We presently are working on code from businesses located in England, Ireland, France, Switzerland, and Austria.'' The Guardian Royal Exchange Group provides general, health and life insurance and related services to over 7.5 million customers. The Group has 17,500 employees and assets of (pound) 22 billion. The six strategic business units of the Group are U.K. and Ireland; Continental Europe; the Americas; South Africa; Asia and Group Investment Management. In the U.K., the four principle operating divisions are General Insurance, Healthcare-PPP healthcare and Guardian Health, Direct - Guardian Direct and RAC Insurance Direct, Life - Guardian Financial Services and Guardian Employee Benefits. Alydaar Software Corporation is a software re-engineering company, specializing in computer language translation and systems migration services. Its central focus for the past two years has been resolving the Year 2000 problem. Using SmartCode, its core re-engineering technology, Alydaar remediates or audits most computer languages on most hardware platforms. Alydaar's clients include Advanced Micro Devices (AMD) Northern States Power (NSP), 3M (MMM), Nabisco (NA), DuPont (DD), Whirlpool (WHR), RJ Reynolds (RJR), and McDonnell-Douglas (MD), among others. Alydaar also provides remediation services under a strategic alliance agreement with Compuware Corporation (CPWR). More information about Alydaar Software Corporation and its services can be found on the World Wide Web at alydaar.com. -------------------------------------------------------------------------------- Contact: Ogilvy Public Relations, New York Kathryn Lancioni, 212/880-5329 or Guardian Royal Exchange John Neville, Public Relations, 44-171-369-3954 --------------------------------------------------------------------------------