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Microcap & Penny Stocks : Veronex Technologies Inc. (VXTK) -- Ignore unavailable to you. Want to Upgrade?

To: Ralph Timothy McCabe who wrote (478)	1/19/1999 6:52:00 PM
From: blessed	Respond to of 684

NEWS!!! IRVINE, Calif., Jan. 19 /PRNewswire/ -- The Board of Directors of Veronex Technologies, Inc. ("Veronex") (OTC Bulletin Board: VXTK) today announced that Veronex has entered into a Teaming Agreement with HCL Technologies, Inc. ("HCL"), an established global IT services company. Veronex and HCL will jointly pursue select applications development and applications management outsourcing business worldwide. Veronex will benefit from HCL's established relationship with clients in 33 locations in 14 countries spanning more than 80% of the global IT services market. HCL will take advantage of Veronex's innovative I\|Nova System for solving the Year 2000 computer problem and improving the time-to-market, quality and cost of applications development and management. Veronex created the I\|Nova System, a new technology for applications life-cycle through a library of functional modules and a run-time systems that enable software developers and maintenance staff to save time and improve quality through effective reuse of commonly-utilized functions. This unique technology is platform independent, self-documenting, and highly efficient. The technology also improves existing applications and can solve the Y2K problem with its automated DataCentric Analyzer. Thomas J. Price, Veronex President, commented, "This teaming arrangement with HCL enables Veronex to present its I\|Nova System enterprise solution software to a global array of new clients. HCL's decision to showcase the I\|Nova System to its vast network of satisfied clients is another sign of the growing acceptance of I\|Nova as a software solution tool." "HCL is focused on improving customer satisfaction levels, maximizing productivity to enhance performance and contribution while synergistically integrating applications across diverse business functions," said Shiv Nadar, Chairman, President and CEO of HCL. "Veronex's I\|Nova System is an outstanding software tool which will allow us to strengthen our offerings and keep pace with new computing technologies." About Veronex Technologies, Inc. Veronex Technologies, Inc., (OTC Bulletin Board: VXTK) designs, develops, licenses and supports computer software products for complete "business systems" application development and implementation for enterprise solutions. The Company's I\|Nova System is a fully integrated business application development tool for enterprise wide software solutions and/or migration which has been ITAA *2000 Certified. To learn more about Veronex, visit its web site at: veronex.com. About HCL Technologies, Inc. HCL Technologies is a project-oriented services company with a focus towards end user applications in large and medium businesses as well as government organizations. HCL's Professional Services span the entire software cycle ranging from conceptual areas such as design and consulting to detailed implementation and support. The services comprise IT Consulting, End-user Application Development, Re-development (Year 2000 & EMU conversion), Global Implementation and Roll-out Support along with specialized market offerings through HCL's joint venture companies. To learn more about HCL, visit its web site at: hcla.com. This statement includes forward-looking information as that term is defined in the Private Security Litigation Reform Act of 1995, and therefore, is subject to certain risks and uncertainties. There can be no assurance that actual results, business conditions, business developments, losses and contingencies and local and foreign factors will not differ materially from those suggested in the forward-looking statements as a result of various factors, including market conditions, competition, advances in technology, and other factors. For more information please contact: Veronex Technologies, Inc. at its WEB Site at veronex.com or call David A. Wooldridge at (949) 253-9600 or fax (949) 253-9677 SOURCE Veronex Technologies, Inc. /CONTACT: David A. Wooldridge of Veronex Technologies, Inc., 949-253-9600 or fax, 949-253-9677/ /Web site: hcla.com /Web site: veronex.com (VXTK)