Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : IMOT, the Yahoo of China?? -- Ignore unavailable to you. Want to Upgrade?

To: Softechie who wrote (408)	3/13/1999 1:54:00 PM
From: LTK007	Respond to of 781

Intermost To Head Egan's China Y2K Task-Force Martyn Williams, Newsbytes 08/11/98 Newsbytes News Network (c) Copyright 1998 Post-Newsweek Business Information, Inc. All rights reserved. SHENZHEN, CHINA, 1998 AUG 12 (NB). Egan Systems, Inc., has chosen Intermost Holdings, Ltd., to manage the daily operations of its newly established Tech 2020 task-force in China. Intermost is one of six "model information companies" recognized by the Chinese government and brings to Tech 2020 a database of more than two million Chinese company records and business information. Tech 2020, in which Egan holds a 51 percent stake, will work on upgrading and technical support of computer systems in China with an initial focus on problems caused by the year 2000 problem. "Our goal is for Tech 2020 to become China's technology sourcing agent and clearinghouse for private and government operations, through at least the year 2020," said Andy Lin, vice president of Intermost . Following the appointment of Intermost , Egan announced Intermost president, Jun Liang, will be president of Tech 2020, Andy Lin will become chief executive officer and Edward Egan, president of Egan Systems, will be chairman of the board as well as US director. Egan Systems, a specialist in the COBOL computer language, announced the formation of Tech 2020 earlier this week and said it expects the venture to record revenues of $100 million within 3 to 5 years (Newsbytes, August 11, 1998). Reported By Newsbytes News Network: newsbytes.com 20:06 CST WIRES ASIA, PC, NETWORK/ Contact: WIRES ASIA, PC, NETWORK/

To: Softechie who wrote (408)	3/13/1999 1:59:00 PM
From: LTK007	Read Replies (1) \| Respond to of 781

So it appears thar Egan somehow made there case with the Chinese government--and were selected--who was competing with them Article 6 of 6 US Group Heads China's Y2K Effort 08/01/98 Asia Pacific IT Monitor Copyright of IDC Australia Pty Ltd. US Cobol specialist Egan Systems has been selected to establish an international technology task force to be known as Tech 2020. The group will work with the government to gather year 2000 experts in order to resolve the country's difficulties with the millennium bug. Egan has appointed Chinese IT company Intermost Holdings (formerly China Business Resources) to handle the day-to-day running of the Tech 2020 task force.