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To: Starduster who wrote (33)	11/20/1998 10:28:00 AM
From: MoneyMade	Read Replies (2) \| Respond to of 15987

EGNS...NEWS (INSIDE) Egan Systems Announces $500,000 in New Contracts HOLBROOK, N.Y.--(BUSINESS WIRE)--Nov. 20, 1998--Egan Systems (OTC BB:EGNS - news) announced today that it has been awarded impact assessment and Year 2000 remediation contracts by the Freightliner division of Daimler-Chrysler and Sandata Corporation. These contracts total several million lines of code and will produce revenue approaching $500,000. Ed Egan, President of Egan Systems, said, ''We are proud to have received these new contracts for Egan's impact assessment and Y2K remediation tools for these companies. This acceptance of our work, our tools and the quality of our engineering team for their mission-critical projects continues to propel Egan towards a record year.'' Egan Systems, Inc. produces ICOBOL and VX COBOL as well as tools to assist in making programs written in these languages Year 2000 compliant. Egan also provides software migration and Year 2000 services to companies preferring to outsource these tasks. The Company owns controlling interest in Tech 2020, Ltd., which has teamed with Computer Associates to handle Year 2000 services in China. Egan Systems, Inc. is a publicly-traded, fully-reporting company located in Holbrook, NY with research and design facilities in Raleigh, NC. More information can be found on the Internet at: www.MarketManagement.com and www.egns.com. ''Safe Harbor'' Statement Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from new products in development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. The results anticipated by any or all of these forward-looking statements may not occur. -------------------------------------------------------------------------------- Contact: Press Only: Tedrow Communications Corporation Thomas Tedrow (800) 777-8098 or Analysts Only: Egan Systems Ed Egan, President (800) 645-9898 or (516) 588-8000