C2i Solutions To Provide Comprehensive Y2K Remediation and Testing For Nicholas-Applegate Capital Management.SAN DIEGO--(BUSINESS WIRE)--Aug. 14, 1998--C2i Solutions Inc., (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CTWO CTWO Center for Third World Organizing ) an international provider of integrated Year 2000 (Y2K See Y2K problem and Y2K compliant. Y2K - Year 2000 ) and European Monetary Union European Monetary Union An agreement by participating European Union member countries that includes protocols for the pooling of currency reserves and the introduction of a common currency. (EMU) computer solutions, today announced that its role as Year 2000 Project Manager for Nicholas-Applegate Capital Management (NACM NACM National Association of Credit Management NACM National Association for Court Management NACM National Association for Chiropractic Medicine NACM Nevada Association of Concerned Motorcyclists NACM Network Access Cost Management ) has been further expanded to include comprehensive assessment, remediation and testing of NACM's critical systems, an environment that encompasses some 8 million lines of code The statements and instructions that a programmer writes when creating a program. One line of this "source code" may generate one machine instruction or several depending on the programming language. A line of code in assembly language is typically turned into one machine instruction. . To date, C2i has developed a formal project plan and tracking system to record progress and control costs associated with the overall project. Recently, C2i completed a comprehensive inventory of NACM's business-critical hardware, software and databases in preparation for the remediation and testing phase into which C2i has now entered. "We are extremely pleased with our expanding relationship with Nicholas-Applegate," stated John A. Whalen, Jr., president and chief executive officer of C2i Solutions. "I believe that our most recent contract is a solid testament to the quality of our services and their value to Nicholas-Applegate." The testing component of an application or data re-engineering project is typically the most time-consuming, accounting for 50 percent or more of the entire engagement. C2i has developed a unique testing methodology that documents all components of a software system and creates automated "scripts" for testing those components. The methodology eliminates errors of oversight often associated with software testing Software testing is the process used to measure the quality of developed computer software. Usually, quality is constrained to such topics as correctness, completeness, security, but can also include more technical requirements as described under the ISO standard ISO 9126, such . It can be employed repeatedly as systems evolve, thus providing the client an ongoing test "repository" for post-Y2K software development and maintenance projects. "Remediation and testing are the most critical phases of any application re-engineering project," said Whalen. "The ultimate success of any software project depends on the quality of testing -- in both the development and maintenance processes. Here, we work painstakingly to create a superior result for our customers." Nicholas-Applegate Group is a money management concern with over $30 billion invested on behalf of both individuals and some of the country's premier institutional investors. Founded in 1984, the firm manages more than $2.2 billion in mutual fund assets Fund assets The total value of a portfolio's securities, cash, and other holdings, minus any outstanding debts. and has offices in San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. , Houston, San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. , Singapore and London. The Nicholas-Applegate family of mutual funds, launched in 1993, currently includes 23 funds, with 12 available to retail investors through financial advisers and brokers. Nicholas-Applegate Mutual Funds are distributed by Nicholas-Applegate Securities. C2i Solutions Inc., with headquarters in San Diego, provides its clients a wide variety of application re-engineering, Year 2000 and European Monetary Union (EMU) consulting services. The company's focus is on transitioning legacy computer applications by deploying a team of strategists who quickly analyze the situation, develop a comprehensive solution and work expediently to provide optimum results. C2i has developed particular expertise in working with non-mainstream legacy computer languages across a variety of platforms. It employs a multi-faceted approach, including proven methodologies, advanced software tools, and the expertise of highly experienced software professionals. From assessment through testing and implementation, C2i brings together all the elements required for a comprehensive, cost-effective solution. All C2i Solutions press releases may be viewed on its Web site at www.c2isolutions.com. This document contains forward-looking statements, including without limitation statements relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc contract performance, which involve certain risks and uncertainties. Actual results may differ significantly from the expectations contained in the forward-looking statements. Among the factors that may result in these differences are potential contract performance problems and potential contract termination by Nicholas-Applegate. These and other significant risks are discussed in more detail in C2i's 1998 Annual Report on Form 10-KSB, as filed with the Securities and Exchange Commission on March 31, 1998. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof.
CONTACT: C2i Solutions, Inc.
Terri King, 619/812-5800
or
Stoorza Ziegaus & Metzger
David Hallisey, 619/236-1332
david_hallisey@szmi.com
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