To: Joe Copia who wrote (14117 ) 4/6/1999 10:32:00 AM From: Joe Copia Read Replies (1) | Respond to of 25711
ALERT MIGR huge news. Deal with old Ross Perot company EDS: Tuesday April 6, 9:56 am Eastern Time Company Press Release MigraTEC, Inc. Announces Agreement With EDS for Licensing of Year 2000 Software Technology First Project Initiated DALLAS--(BUSINESS WIRE)--April 6, 1999--MigraTEC, Inc. (OTC BB:MIGR-news) today announced an agreement licensing MigraTEC's Year 2000 software to EDS, Inc., a leading world-wide provider of information technology services (NYSE:EDS - news). EDS, which reported revenues of $16.9 billion in 1998, offers solutions to improve the performance of more than 9,000 business and government clients in about 50 countries. The agreement calls for a license fee to MigraTEC based on the number of lines of code processed by EDS using MigraTEC's software technology. The software is now installed for use in EDS' Y2K ''factory'' and is available for immediate use on EDS' clients. EDS' first project using MigraTEC's software technology is now underway. ''We are delighted to add EDS and its global reputation for delivering high quality IT services to MigraTEC's list of partners. Our relationship with EDS represents another significant confirmation that MigraTEC's technology ranks as best of breed,'' said Curtis Overstreet, president of MigraTEC. In addition, MigraTEC has recently completed development of a new software tool which automates 32 to 64 bit upgrades for applications running on the Sun Microsystems (Nasdaq:SUNW - news) Solaris operating system. ''With our new 32 to 64 bit upgrade tool and several other software tools under development, we are creating a growing number of revenue-generating opportunities for MigraTEC and its strategic partners,'' said Curtis Overstreet, MigraTEC's president. About MigraTEC Based in Dallas, Texas, MigraTEC, Inc. develops and markets leading edge software tools and services which help companies automate platform migrations and facilitate upgrades to advanced operating systems. MigraTEC's software tools also help automate the process of server consolidation, thereby saving companies significant time and money. Founded in 1991 as One Up Corporation, MigraTEC, Inc. is a publicly traded on the OTC Bulletin Board (stock symbol-MIGR). For more information, contact MigraTEC, Inc. at 12801 Stemmons Freeway, Suite 710, Dallas, Texas, 75234; Phone 972/969-0300; Fax 972/969-0371; web address www.migratec.com. MigraTEC is the trademark of MigraTEC, Inc. Contact: MigraTEC, Inc. Mark C. Myers, 972/969-0300 mmyers@migratec.com