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Anyone follow this company! Riley G -------------------------------------------------------------------------------- PHOENIX, Nov. 18 /PRNewswire/ -- Cetacean Industries, Inc. (OTC Bulletin Board: CTAE), today announces the signing of a letter of intent for a 25-50% equity in Y2C Inc. (Y2C) of Ottawa, Ontario, Canada. Y2C Inc. was formed to develop and design an automated integrated approach to the "Year 2000 Problem" that will effect governments, industry, financial institutions and day to day life in general. With the year 2000 quickly approaching, the date fields in most legacy systems are two digits in length and do not take into account the turn of the century, which could have catastrophic results. Computer applications could shut down, the date field 00 for the year 2000 could be rejected, and a time paradox could happen within the system causing erroneous results and wiping out data. The year 2000 problem is astronomical in proportion, with the North American software repair cost originally estimated at over Four Hundred Billion Dollars alone and One Trillion Dollars worldwide. Y2C has developed and can provide a state of the art product, Chronicle 2000, that will be successfully licensed to governments, industry and system integrators. Y2C has also obtained the rights to key leading industry products that are being integrated into the Chronicle 2000 product. The combination of these products with the Y2C approach will provide a well-engineered, automated methodology in resolving the Year 2000 Problem and products with effective tools that will be useful well into the next millennium. SOURCE Cetacean Industries, Inc. -0- 11/18/97 /CONTACT: Brian Volmer of International Alliance Capital, 310-545-8023/ (CTAE) CO: Cetacean Industries, Inc. ST: Arizona IN: CPR SU: MR-SR -- LATU097 -- 7105 11/18/97 19:14 EST prnewswire.com | ||||||||||||
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