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To: David Eddy who wrote (9269)	12/23/1998 10:46:00 AM
From: Robert K. Sims	Read Replies (3) \| Respond to of 10786

Press release Year 2000 Wire/Alydaar Expands Position in Far East CHARLOTTE, N.C.--(BUSINESS WIRE)--Dec. 23, 1998-- Alydaar Teams with Pasona Tech to Deliver Y2K Solutions to Japanese Market Alydaar Software Corporation (Nasdaq:ALYD), through its wholly-owned subsidiary Alydaar International Ltd., today announced a partnership with Pasona Tech to deliver Year 2000 solutions to companies in Japan. Pasona Tech, a subsidiary of Pasona Inc., is a computer and technical services organisation. Their consultants are proficient computer analysts and licensed information technology specialists. Under the terms of this agreement, Pasona will act as marketeers and project managers on behalf of Alydaar on its Y2K projects throughout Japan. "The coming together of Alydaar and Pasona means great things for companies wrestling with Year 2000 problems," said Kouichi Morimoto, Pasona Tech Vice President "Never before has such a fast, easy and proven solution been offered to this market. We are confident that through our partnership, we will able to assist many companies in this region transition smoothly into the Millennium." Robert Gruder, Alydaar's Chairman and CEO, added, "This relationship is an excellent opportunity to introduce Alydaar's services in Japan - the second largest IT market in the world. Pasona has dedicated an entire team of people to work with us on this project. I am confident that, together, the contribution we will make to this region will be extremely significant." Andrew Carr, Alydaar International's Director of Business Development, stated, "Partnering with Pasona is an incredible opportunity for us. So far, companies in Japan have lagged behind others in the world in dealing with Y2K issues - creating an enormous market opportunity. Our ability to rapidly provide quality solutions, coupled with Pasona's excellent IT service and customer base, can finally provide an answer to so many of the companies in this region seeking to solve their Y2K problems." About Alydaar Software Corporation 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. 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 KEYWORD: NORTH CAROLINA --------------------------------------------------------------------------------