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Technology Stocks : Forecross Corporation : Y/2000 -- Ignore unavailable to you. Want to Upgrade?

To: Mark Jurik who wrote (1583)	5/5/1999 4:24:00 PM
From: Paul J. Sharga	Respond to of 1654

Forecross Signs Contracts for 14 Million Lines of Year 2000 IV&V with Canadian Bank SAN FRANCISCO--(BUSINESS WIRE)--May 5, 1999--Forecross(R) Corporation (OTCBB:FRXX), a legacy migration and year 2000 solution company, announced today that it has signed contracts with a large Canadian bank and its U.S. subsidiary, for the independent validation and verification (IV&V), of approximately 14 million lines of application source code. The code is comprised of IBM MVS COBOL, Tandem and Unisys COBOL, and IBM and Tandem Assembler languages. Under these contracts, Forecross will use its Confirm/2000(TM) product, an automated independent validation and verification (IV&V) software-based service. The projects will be completed in the Forecross Confirm/2000(TM) automated factory in San Francisco. About Forecross Year 2000 Solutions Forecross provides automated solutions for all phases of year 2000 projects including assessment, renovation and independent verification and validation (IV&V). Numerous languages are supported by Complete/2000(R) and Confirm/2000(TM) including COBOL, CA-ADS, APS, C, C++, CSP, CA-Easytrieve, CA-IDEAL, IMSADF II, PL/I, PowerBuilder, CA-TELON, CA-MetaCOBOL. COBOL solutions are available for AS/400, DEC/VAX, HP, MVS, Tandem, Unisys, VM, VSE and Wang. Forecross Confirm/2000(TM) for IV&V accurately identifies source code that is compliant, non-compliant or that needs to be investigated. Because it uses a different approach from the date-seed-driven renovation and IV&V products and services on the market, Confirm/2000(TM) provides a truly independent validation of the accuracy of previous renovations. About Forecross Founded in 1982 as a high-technology software development laboratory, Forecross Corporation is dedicated to the design and development of innovative conversion software. Clients have included such leading corporations as Aetna Life Insurance Company, Brown Brothers Harriman & Company, Charles Schwab & Co., IBM Corporation and Bank of America NTSA for its migration software services. Teaming partners of Forecross Corporation for its Complete/2000(R) offerings include AASKI Technologies, Ltd., Alydaar Software Corporation, TRW, Inc. (BDM International), CIBER, Inc., Information Sciences Group, Inc., Marconi Information Systems (a business division of Marconi North America Enterprise Solutions, formerly known as Tracor, Inc.), SCB Computer Technology, Inc., and Sapiens Americas (a subsidiary of Sapiens International). On Behalf of the Board of Directors, Bernadette C. Castello Senior Vice-President and CFO FORECROSS CORPORATION Except for historical information contained herein, the matters set forth in this release are forward-looking statements that are dependent on certain risks and uncertainties, including such factors, among others, as market acceptance, market demand, pricing, changing regulatory environment, changing economic conditions, risks in new product and service development, the effect of the company's accounting policies and other risk factors detailed in the Company's SEC and BCSC filings. The U.S. Securities and Exchange Commission has not reviewed and does not accept responsibility for the adequacy or accuracy of this News Release, which has been prepared by the Company. Note to Editors: Forecross is a registered trademark of the Forecross Corporation. Complete/2000 is a registered service mark of Forecross Corporation. Confirm/2000 is a service mark of Forecross Corporation. CONTACT: Forecross Corporation Patricia A. Jones, 415/543-1515 Patricia_Jones@forecross.com forecross.com

To: Mark Jurik who wrote (1583)	5/5/1999 7:50:00 PM
From: Rick Voteau	Read Replies (1) \| Respond to of 1654

Mark, I think this time is different because of the timing in relation to the year 2000. Also, Pat is pretty darned smart so she makes sure to not tell anyone anything that would be counter to the SEC rules. For instance, it is legal to say that there will be news coming out soon. It would of course be illegal to say what the news is before it is announced. By things in the works I mean large IV&V bids that are out and relatively large migration bids that are out. I thought people might like to hear it from Pat herself. As I say, I am hopeful that some of these are accepted. The more contracts Forecross gets, the greater their credibility. I talked to Pat Jones today about the large IV&V contract announced today. I couldn't get her to tell me how many dollars it is worth or what bank it is with. So much for my clout. What she did say is that it is with a former migration client so that narrows it down to either Bank of Montreal or Royal bank of Canada both of which are listed on the Forecross website. A while back Forecross had a sale of $.10 per line of converted code so my guess is that this contract is worth over a million dollars. Again, this is my guess. I think IV&V's are about .07 to .10 per line of code. Do you have information on the going rates? Mark, I am still at a large paper loss on Forecross. I really think we have turned the corner. I am still stubbornly holding and I will be the first to admit that it has been the most painful hold of my life. I appreciate your input and skepticism.