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Microcap & Penny Stocks : ABTX - Agribiotech -- Ignore unavailable to you. Want to Upgrade?

To: drakes353 who wrote (7549)	2/19/1999 3:30:00 PM
From: W Shakespeare	Read Replies (1) \| Respond to of 8359

The 10-K on information systems: The Company's Form 10-K for the year ended June 30, 1998 contains a discussion of the Company's process to address the consequences of reaching the Year 2000 and the implementation of a company-wide ERP system to meet its information system requirements. As of February 10, 1999, the Company has implemented the ERP system, which is designed to be Year 2000 compliant, for approximately 45% of its revenue base. The Company is also in the process of installing a wide area network to support the ERP system and internal communications. Year 2000 compliance statements for all hardware, software and service providers associated with this infrastructure have been obtained and are on file. In addition, a preliminary survey of internal systems has been completed. This survey indicated that existing local area networks, desktop operating systems and desktop hardware are, in many cases, not compliant. As a result, an in- depth inventory assessment and testing of all internal systems regarding Year 2000 compliance is in process. The Company anticipates that this assessment will be completed by March 31, 1999. During this process all hardware will be inventoried and tested. The systems are being tested using a third-party Year 2000 software application. Any non-compliant equipment will be replaced or upgraded by approximately June 30, 1999.