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Technology Stocks : CSGI ...READY FOR TAKE-OFF! -- Ignore unavailable to you. Want to Upgrade?

To: Josef Svejk who wrote (3276)	1/28/1999 12:11:00 PM
From: GIL GORDON	Read Replies (2) \| Respond to of 3391

yahoo news --Jan. 28, 1999--ConSyGen Inc. (NASDAQ:CSGI.O) Thursday announced that it has signed a letter of intent to lease 30,000 square-feet of office space in a new industrial park in Thailand. This is to support its Far East software and services activities. The company expects to hire a significant number of Thai professionals to support a nucleus of CSGI technical staff to fulfill its primary need, that of providing a Year 2000 Remediation and Compliance (Y2K) factory for its Far Eastern customers. Thomas S. Dreaper, president and chief executive officer, said, "We are negotiating a major 'Y2K' remediation contract in Southeast Asia which could be finalized shortly. This two year project will be the largest contract in ConSyGen's history." Dreaper added, "This agreement, coupled with our recently announced e-commerce link to YAHOO (NASDAQ:YHOO.O), positions ConSyGen for explosive growth well into the next millennium." ConSyGen, a Phoenix-based company, provides critical and vital Year 2000 remediation and independent verification and validation services using its proprietary automated software technology.

To: Josef Svejk who wrote (3276)	2/5/1999 10:24:00 AM
From: TEDennis	Respond to of 3391

A lawsuit here, a lawsuit there ... yah ta hey ... Friday February 5, 8:00 am Eastern Time Company Press Release Year 2000 Wire/ConSyGen Inc. Debenture Holders Add To Lawsuit PHOENIX--(BUSINESS WIRE)--Feb. 5, 1999--ConSyGen Inc. (NASDAQ:CSGI - news) announced that on Feb. 1, 1999, Stephen M. Hicks, general partner of Sovereign Account and two of the three holders of the company's outstanding Convertible Debentures, Sovereign Partners Limited Partnership, a Delaware limited partnership and Dominion Capital Fund Ltd., a Bahamian Corp. served an action which was filed in the United States District Court for the Southern District of New York against the company and Thomas S. Dreaper, its president and chief executive officer, to recover damages for alleged intentional and calculated defamation. Other parties, unrelated to ConSyGen, were also named as defendants in the lawsuit on similar allegations. The Plaintiffs seek compensation from ConSyGen and Dreaper each in the amount of $1,000,000 or in such sum as the Court shall determine, together with exemplary or punitive damages. On Feb. 4, 1999, Thomson Kernaghan & Co. Limited and Mark E. Valentine served an action which was filed in the Ontario Court (General Division) against the company, Thomas S. Dreaper, its president and chief executive officer, and Raj Kapur its chief financial officer to recover damages for alleged defamation. The Plaintiffs seek compensation from ConSyGen, Dreaper and Kapur jointly and severally in the amount of $2,000,000 for general damages for libel and slander, $1,000,000 for punitive, aggravated and exemplary damages, cost of the action, applicable taxes and other relief as the Court shall determine. The company believes that these claims are without merit and will vigorously defend the lawsuits. For more information, please contact Raj Kapur of ConSyGen Inc., Phoenix, 602/394-9100, ext. 109; consygen.com. biz.yahoo.com