Alydaar Completes Y2K Contract for OAG Worldwide; European Business Base Expanding.

CHARLOTTE, N.C.--(BUSINESS WIRE)--Oct. 28, 1998--Alydaar Software Corporation (NASDAQ-ALYD) today announced it has successfully completed its Year 2000 contract with travel information publisher OAG Worldwide. OAG Worldwide is the world's leading independent provider of travel information products and services, offering business travelers, corporations and the global travel industry the information they need to make effective travel planning decisions.

"OAG Worldwide, along with all other operating units of its parent company Reed Elsevier plc, has placed the highest priority on its Year 2000 compliance program," said Jo Tatters, OAG Worldwide's Senior Project Manager for Year 2000. "Our target is to have completed all of our remediation work by the end of 1998, in order to complete our extensive testing program well in advance of the millennium date change.

"The work that Alydaar undertook for us in identifying and remediating any Year 2000 implications for our COBOL and Natural 2 program, has helped us in meeting some of our project milestones to date. We were very pleased with Alydaar's factory based remediation process, which delivered our code conversions accurately and on time. Alydaar, like OAG Worldwide, has a very focused approach to meeting customer needs", continued Jo Tatters.

Information databases are the core of OAG Worldwide's business, and form the basis of all OAG's publishing activities. Customers can access this information through a variety of media, ranging from portable pocket guides and desktop references in print and electronic format, to a customized travel information system for use on a company's Intranet or local area network. The OAG portfolio includes OAG Pocket Flight Guides, OAG FlightDisk, OAG HotelDisk, OAG World Airways Guide, OAG Desktop Flight Guide, OAG Rail Guide, OAG Air Cargo Guide and OAG CargoDisk.

OAG Worldwide is a division of Reed Business Information (RBI), and a member of Reed Elsevier plc, a world leading publisher and information provider in the areas of scientific, professional and business publishing. More information about Reed Elsevier plc can be found on the World Wide Web at http://www.reed-elsevier.com.

Alydaar Software Corporation is a software re-engineering company, specializing in computer language translation and systems migration services. Its central focus for the past two years has been resolving the Year 2000 problem. Using SmartCode, its core re-engineering technology, Alydaar remediates or audits most computer languages on most hardware platforms. Alydaar's clients include: Advanced Micro Devices (AMD) Northern States Power (NSP), 3M (MMM), Nabisco (NA), DuPont (DD), Whirlpool (WHR), RJ Reynolds (RJR), and McDonnell-Douglas (MD), among others. Alydaar also provides remediation services under a strategic alliance agreement with Compuware Corporation (CPWR). More information about Alydaar Software Corporation and its services can be found on the World Wide Web at http://www.alydaar.com.