To: clw who wrote (3859 ) 3/5/1999 3:39:00 PM From: clw Respond to of 4767
I'm not sure why ETPI's name is mentioned in this release, but since it is I figured some of you might be interested: Year 2000 Bug Will Impact Developing Countries Most CHARLOTTE, N.C. (March 5) BUSINESS WIRE -March 5, 1999--According to the January 1999 edition of Business 2.0, the US leads the world in Y2K planning and preparedness. That's good news for American citizens, the chances are the trains will continue to run on time. However, for everybody else, the news isn't so good. For most of the world, it's more than likely a few trains will fly off the tracks. According to the Gartner group, a prominent consulting firm on Y2K issues, more that two thirds of world wide companies dealing with food processing and distribution, farming, education, and government services are expected to experience at least one mission critical failure. Additionally, according to Gartner, as of January 1999, 23% of all companies had not initiated Y2K planning even though major repairs can require 30 months. Watch 2K is a not for profit organization that follows the Y2K issue. A record of companies who have and have not resolved the Y2K issue is available to consumers free of charge at y2kalert.org . The companies listed below are early respondents to the Watch 2K survey and are to be commended for their proactive stance regarding the Y2K issue. Biospherics Inc. (NASDAQ: BINC), Bion Environmental Technology (OTC: BION), Birmingham Steel Corp. (NYSE: BIR), Birmingham Utilities Inc. (NASDAQ: BIRM), Ben & Jerry's Homemade Inc (NASDAQ: BJICA), Bank of New York Co. Inc. (NYSE: BK), Bank Boston Corp. (NYSE: BKB), American Bank of Connecticut (AMEX: BKC), Buckeye Technologies (NYSE: BKI), Brookstone Inc. (NASDAQ: BKST), Bank of Kentucky (OTC: BKYF), Blair Corp. (AMEX: BL), First Alliance Corp. (NASDAQ: FACO), First Albany Companies Corp. (NASDAQ: FACT), First American Corp. (NYSE: FAM), Flame Master Corp. (NASDAQ: FAME), Environmental Technology (NASDAQ: EVTC), Environmental Safeguard (AMEX: EVV), Exide Corp (NYSE: EX), Excal Enterprises Inc. (OTC: EXCL), Environmental Tectonics (AMEX: ETC), Entertainment Technologies (OTC: ETPI), Eastern Utilities Associates (NYSE: EUA). These companies are aggressively dealing with the Y2K issue and either are currently in compliance or will be compliant by the new millenium. However, other companies may not have addressed this issue. Concerned investors can visit www.y2kalert.org to access a data base of over 9,000 publicly traded corporations and see where other companies stand in regard to Y2K. Watch 2K is a public information service and receives no compensation from any company discussed. The conclusions in this press release and on the site are derived from the companies in question and credible sources of information regarding these companies. The information is believed to be accurate as of the date of publication however its employees and directors hold no responsibility for the accuracy of statements and figures displayed. -0- PS/ch* CONTACT: Watch 2K, Charlotte Paul Landau, 888/220-3843 KEYWORD: NORTH CAROLINA INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS COMED INTERACTIVE/MULTIMEDIA/INTERNET Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com