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To: Walter Fabisiak who wrote (1135)	2/3/1999 9:42:00 AM
From: GARY P GROBBEL	Respond to of 1530

General Automation (GAUM OTC BB...files w/SEC) currently trading at .63/.69 after hitting .90 last week on a prior press release...pls go to the GAUM thread for more info...this release a few minutes ago: General Automation Launches mv.DataWare Inaugurates Program to Allow Customers to Gain Competitive Advantage Through Easier Access to Internet and E-Commerce IRVINE, Calif., Feb. 3 /PRNewswire/ -- General Automation, Inc. (OTC Bulletin Board: GAUM - news) today announced the introduction of the mv.DataWare, which will focus on software tools that allow customers to develop more effectively Internets, JAVA, Microsoft® and Windows® applications. ''This new program is one of our major initiatives for 1999,'' said Jane M. Christie, president and chief executive officer. ''We want to make General Automation a major player in the rapidly expanding world of E-Commerce on the Internet and we believe this mv.DataWare program can provide significant revenues for the company.'' The flagship products under the new mv.DataWare program include the Liberty Integration family of data access and Web development products, the decision support applications tools Cognos PowerPlay and Impromptu, and the data mining tool MITS from Management Information Tools, Inc. Additionally, the mv.DataWare product includes TransVerse Object development software from Coyote, and leading integration technologies, including the Web application development tool RedBack, the Graphic User Interface 4GL, System Builder+ and the terminal emulator wIntegrate, from Ardent Software, Inc. The new mv.DataWare team will report to William Rice, general manager of GA's Systems Solutions Business Unit. ''We are focusing on productivity tools across the entire MultiValue market,'' Rice said. ''By allowing the MultiValue resellers and end users to become Internet enabled, they can participate immediately in new technologies, including E-commerce.'' General Automation resellers and customers can obtain more information on mv.DataWare tools, including pricing, availability, product features and technical specifications by contacting their GA reseller, GA sales representative, or by visiting the GA Web site at www.genauto.com. About General Automation (http://www.genauto.com) General Automation (OTC Bulletin Board: GAUM - news), headquartered in Irvine, Calif., is the premier supplier of computer hardware, software and services to an industry where businesses still depend on their legacy computer systems today, but must enhance them for tomorrow. General Automation and its worldwide network of Value-Added Resellers (VARs) offer a broad line of Windows NT and UNIX platforms, database software, middleware, Internet development tools and professional services. All trademarks and registered trademarks are property of their respective owners. Except for historical information contained herein, the statements in the press release are forward-looking statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation Act of 1995. Forward-looking statements and prospects of General Automation, Inc. are subject to a number of risks and uncertainties, which may cause the Company's actual results in future periods to differ materially from forward-looking statements. These risks and uncertainties include, among others, volatility in new order additions, competition, actions taken by creditors and operations performance. These and other risks are described in the Company's reports and filings with the Securities and Exchange Commission. SOURCE: General Automation, Inc.

To: Walter Fabisiak who wrote (1135)	2/3/1999 9:47:00 AM
From: GARY P GROBBEL	Respond to of 1530

PARA (Nasdaq) active this am on press release yesterday that came out about an hour prior to close...vol so far 42k...high tick 1.25...present price 1.12/1.22...Yahoo profile indicates 2m outstanding shares...no pref...filings avail Edgar...do your own dd: Paramount Financial Corporation Announces Agreement with Americana Financial Services, Inc., to Design, Build and Project Manage an Insurance Web Site NEW YORK, Feb. 2 /PRNewswire/ -- Americana Financial Services, Inc., a New York City-based Financial Services and Insurance Brokerage firm, has entered into a contract with Paratech Resources, Inc., a Paramount Financial Corporation (Nasdaq: PARA - news) subsidiary specializing in systems consulting, software application and Internet commerce development. Under the Agreement, Paratech will design, build and project-manage a state-of-the-art insurance services web site for Americana. According to Paramount Chief Executive Officer Glenn Nortman, ''This Agreement is significant because it demonstrates Americana's commitment to creating a new form of distribution system that is multifaceted, fully integrated and will serve as a highly effective purchasing platform for its middle market customers. Paratech's Internet and E-commerce Group will provide its technological and engineering expertise to create a premier online insurance commerce site.'' President William T. McGinty of Americana Financial Services, Inc. said, ''In step with corporate America, Americana views the Internet as a key driver to enhance and expand its current distribution channels. Paramount has the experience and talent to take us to a new and exciting level of our business strategy.'' The Americana web site will concentrate on both the consumer and commercial insurance markets, and provide a personalized and secure environment for its users. Users of the web site will be able to receive quotes, access insurance policy information, perform policy evaluation and have insurance company and industry data and other services immediately available, all in a fully interactive mode. Statements contained in this press release, which are not historical facts, are forwarding-looking statements. The forward-looking statements in this press release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements made herein contain a number of risks and uncertainties that could cause actual results to differ materially. These risks and uncertainties include, but are not limited to, specific factors impacting the Company's business including increased competition; the availability of computer equipment; the ability of the Company to expand its operations and attract and retain qualified sales representatives experienced in the purchase, sale and lease of new and used computer equipment; the ability of the Company to attract and retain IT professionals skilled in specific applications; technological obsolescence of the Company's portfolio of computer equipment; competition in the IT consulting sector and general economic conditions.