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Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion -- Ignore unavailable to you. Want to Upgrade?


To: P. Ramamoorthy who wrote (13231)11/9/1998 9:12:00 AM
From: Nanda  Read Replies (3) | Respond to of 13949
 
Ram, Barron article indeed is helping SEEC. Opening indication is 8. Good luck, hope you own 100,000 shares!!! I just finished reading DLJ report on CBSI. They love it and project a price of 45.



To: P. Ramamoorthy who wrote (13231)11/9/1998 10:20:00 AM
From: bob  Read Replies (1) | Respond to of 13949
 
[ Business | US Market | By Industry | IPO | AP | S&P | International | PRNews | BizWire ]

Monday November 9, 9:48 am Eastern Time

Company Press Release

SOURCE: SEEC, Inc.

State of New York Signs Software
Agreement with SEEC; Two Agencies Already Using
SEEC Smart Change Factory Solution for Year 2000

PITTSBURGH, Nov. 9 /PRNewswire/ -- The New York State Office of General Services
has signed a master software agreement with SEEC, Inc. (Nasdaq: SEEC - news), allowing
state and local government agencies in New York to directly purchase SEEC's enterprise
reengineering and year 2000 solutions. The New York State Office of Real Property
Services and New York City Human Resources Administration already are using SEEC's
solutions to complete their year 2000 compliance efforts.

SEEC is now an approved supplier of software tools and services for any state, county or
municipal government department in New York, and for certain non-profit organizations.
Agencies will be able to purchase the SEEC Smart Change Factory(R) year 2000 solution,
SEEC COBOL Slicer(R), SEEC IV&V Workbench(TM) and other products on uniform
terms and conditions, streamlining the purchasing process. ''This license agreement with
the State of New York lets agencies spend less time purchasing tools and services, giving
them more time to fix, verify, and test their systems,'' said Ravi Koka, president and CEO of
SEEC.

More than 10 state and U.S. federal agencies are using the Smart Change Factory solution
to address the year 2000 problem, including the Human Resources Administration of New
York City. ''SEEC's PC-based solution provided a short learning curve, helping us address
the problem quickly, efficiently and accurately,'' said Dennis Fecci, deputy administrator for
MIS at HRA. ''This tool-assisted analysis and renovation gives us added confidence that
our systems will continue to function properly before and after January 1, 2000.''

According to Koka, ''Worldwide surveys indicate that government agencies trail the private
sector in addressing the year 2000 problem. That makes it especially important that
governments get immediate access to proven solutions that can help them make up for lost
time. Our Smart Change Factory solution has proven its value for more than 100 public
and private organizations worldwide, in many cases reducing year 2000 project times by 30
percent or more.''

The SEEC Smart Change Factory includes second-generation PC-based software tools and
proven methodologies for year 2000 impact assessment, automated remediation, testing,
and independent verification and validation. Service providers and leading international
companies have used the Smart Change Factory tools since 1995 to process more than 1
billion lines of code on IBM (MVS and DOS/VSE), Unisys (A Series and 2200 Series),
DEC/VAX and HP3000 mainframes.

About SEEC

SEEC, Inc. (Nasdaq: SEEC - news) provides integrated and comprehensive enterprise
solutions that maximize the value of legacy computer assets by adapting mainframe systems
to changing business needs. SEEC's solutions combine a suite of proven software products
with well-defined repeatable methodologies that improve the quality, productivity and
effectiveness of the reengineering process. Manufacturers, telecommunications providers,
financial services companies, public agencies and IT service providers are using SEEC's
tools and processes to address reengineering challenges like the year 2000 problem and the
transition to the unified European currency (the euro); to improve software quality through
independent verification and validation (IV&V); and to integrate new technologies like the
World Wide Web and data warehousing. SEEC has direct sales and support offices in North
America, Europe and Asia plus sales and services alliances with leading global IT service
providers. Visit SEEC's Web site at www.seec.com.

SEEC product names are trademarks of SEEC, Inc. All other products and company names
are trademarks of their respective companies.

The statements made in this press release that are not historical facts contain
forward-looking information that involves risks and uncertainties that may cause actual
results to differ. Such risks include, but are not necessarily limited to, those detailed in the
Company's Securities and Exchange Commission filings.

SOURCE: SEEC, Inc.