To: NJ Investors who wrote (8875 ) 11/18/1998 2:21:00 PM From: Larry Brew Respond to of 10786
Good press, couldn't said below better myself!!!!!!!1 PRESS RELEASE Alydaar Software Expands European Client Base: Successfully Helps French Based Oil Company TOTAL in Y2K and Language Conversion Projects. November 18, 1998 Alydaar Software Corporation (NASDAQ-ALYD) today announced it had completed remediation work on the majority of TOTAL's (NYSE-TOT) multi-million line Year 2000 project. TOTAL is a major international integrated oil and gas company based in France with operations in more than 100 countries. Alydaar has also successfully completed language conversion projects for the French oil and gas company. TOTAL Refining and Marketing has been impressed with the Alydaar work to date. Using Alydaar's factory-based approach to solving both language conversion projects and the Year 2000 problem, they were able to reduce the project life cycle and in turn focus TOTAL resources on other revenue generating projects. Because Alydaar has been able to remediate code quickly, and accurately, TOTAL Refining and Marketing have significantly reduced the amount of time spent on testing. "We continue to see increasing growth in our international business, " said Robert F. Gruder, Chairman and CEO of Alydaar Software Corporation. Alydaar has converted code for numerous international clients including, the Irish National air carrier, Aer Lingus, British Airways, Stockholm based Bankgirocentralen, and 3M locations in France, the U.K, Switzerland, and Austria. TOTAL engages in all aspects of the petroleum industry, including upstream operations (oil and gas exploration, development and production); downstream operations (refining and marketing); and the trading and shipping of crude oil and petroleum products. TOTAL also produces specialty chemical products for industrial and consumer use, including rubber-based and automotive products, resins, inks, paints and adhesives. In addition, TOTAL has interests in coal mining and in the nuclear power, cogeneration and electricity sectors. TOTAL can be found on the world wide web attotal.com Alydaar Software Corporation is a software re-engineering company, specializing 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 remediate or audit most computer languages on most hardware platforms. Alydaar's clients include; Advanced Mirco Devices (AMD) Northern States Power (NSP) 3M (MMM), Nabisco, DuPont (DD), Whirlpool (WHR) R.J. Reynolds, and McDonnell-Douglas, among others. Alydaar also provides remediation services under a strategic alliance agreement with Compuware (CPWR). More information about Alydaar Software Corporation and its services can be found on the World Wide Web atalydaar.com