C2i Solutions to Offer Euro Software Solutions in Partnership with Sapiens International Corp.; C2i Enters $150 Billion Euro Transition Market.SAN DIEGO--(BUSINESS WIRE)--June 30, 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 ) a provider of integrated 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 emu or emeu (both: ē`my  ), common name for a large, flightless bird of Australia, related to the cassowary and the ostrich. ) computer solutions, today announced that it has formed a
three-pronged relationship with Sapiens sa·pi·ens adj. Of, relating to, or characteristic of Homo sapiens. [Latin sapi International Corp. (NASDAQ:SPNSF) which recently launched Euro conversion software, Sapiens-Euro. C2i Solutions has licensed Sapiens-Euro from Sapiens to enable C2i to undertake Euro-conversion services. C2i will also serve as a sales representative for Sapiens' Euro-Virtual-Machine Software. Lastly, C2i will engage Sapiens as a subcontractor to provide services to C2i Solutions' clients. "The EMU conversion challenge is not unlike the Y2K See Y2K problem and Y2K compliant. Y2K - Year 2000 challenge facing the world today," said John Whalen, president and chief executive officer of C2i Solutions. "The addition of Sapiens-Euro to the C2i toolshed tool·shed n. A small building in which tools are kept. Noun 1. toolshed - a shed for storing tools toolhouse shed - an outbuilding with a single story; used for shelter or storage opens up a new $150 billion market for C2i." Sapiens-Euro is an integrated set of software tools, documentation, and methodologies that address the entire Euro conversion lifecycle, including assessment, analysis, configuration mapping, wrapping, data and code conversions, re-engineering, project management and testing and also includes Sapiens' "Euro- Virtual-Machine" ("E-V-M"). In May 1998, the eleven member states of the European Monetary Union (EMU) formally announced a plan to adopt a single European currency, the Euro, by 2002. E-V-M is designed to enable C2i to provide an effective bridging solution for companies who must modify their single-currency systems to behave as dual currency systems during the three-year transition period to a single European currency. The E-V-M wrapping technology is designed to enable MVS-based application screens to behave as if they were dual currency without altering any source code. E-V-M is also designed to operate as an effective bridging solution during data conversion to the Euro; and a solution to the decimal point (character) decimal point - "." ASCII character 46. Common names are: point; dot; ITU-T, USA: period; ITU-T: decimal point. Rare: radix point; UK: full stop; INTERCAL: spot. problem in the member countries where it applies. When E-V-M is not needed anymore, its rule-based engine is simply switched off. C2i Solutions Inc., with headquarters 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. , provides its clients a wide variety of application re-engineering, Year 2000 and 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 and corporate objectives, which involve certain risks and uncertainties. Actual results may differ significantly from the expectations contained in the forward-looking statements. 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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