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Technology Stocks : Egan Systems (egns) -- Ignore unavailable to you. Want to Upgrade?

To: Jeff Litwin who wrote (444)	2/10/1999 5:08:00 PM
From: Pluto	Read Replies (1) \| Respond to of 463

Read the messages on the joint venture.(inside) JOINT VENTURE The Year 2000 opportunity is not limited to companies and organizations in the United States but is a worldwide problem. In August of 1998, the Company formed a joint venture with Intermost Ltd., a company headquartered in Shenzhen China to address Y-2K opportunities in that vast country. China was selected in part because it is perceived as being under served by companies with Year 2000 capabilities and also because Intermost Ltd. offered the opportunity to affiliate with an organization already present in China with an attractive existing computer skill set. To date, no contracts have been received but some large proposals are pending. The Company's activities in China led directly to a partnership relationship with Computer Associates International Inc. to employ their Fix 2000 tool to analyze and remediate mainframe source code, which the Company's G-2K tool was incapable of. This alliance applies to both China and the United States and allows the Company to address a broader market for its service offerings. Since the CA Fix 2000 tool appears to offer faster remediation and the Company is in a backlog situation already, a decision was made to acquire a version of Fix 2000 that would address the Company's proprietary COBOL dialects. The first code is being addressed with this new tool in the first quarter of 1999. if you want to check out what is going on, see latest postings on www.free.edgar.com