CTA ITSC Signs Letter of Intent to Utilize DelSoft's Proprietary Year 2000 Solution.ROSWELL, Ga.--(BUSINESS WIRE)--Aug. 15, 1997--DELSOFT CONSULTING, INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). : DSFT) announced today that CTA An abbreviation for cum testamento annexo, Latin for "with the will annexed." Information Technology Services Company (CTA) has signed a Letter of Intent to utilize DelSoft's proprietary "Year 2000 Hyperdating Methodology." DelSoft's unique approach minimizes the impact to system analysis and redesign presently used by most companies to resolve their Year 2000 date problem. By not expanding the date fields or using a "windowing" technique, DelSoft's Hyperdate Methodology can correct the Year 2000 problem Year 2000 problem, Y2K problem, or millennium bug, in computer science, a design flaw in the hardware or software of a computer that caused erroneous results when working with dates beyond Dec. 31, 1999. in application software with minimal modification to other elements of the computer system. This results in significant savings in time and labor costs to DelSoft's customers. In May 1997, the Company filed a provisional patent on its "Year 2000 Hyperdating Methodology." In June 1997, DelSoft successfully completed a pilot project for CTA using its Hyperdating Methodology. The Letter of Intent with CTA also includes CTA's agreement to use DelSoft consultants on their customer's Year 2000 projects. Presently, CTA has Year 2000 contracts with 16 state and local governments throughout the United States. Revenues from these contracts are expected to exceed $75 million. CTA is an industry leader in providing information technology services to both government and commercial markets. With over 800 employees, the Company performs IT services for the Federal government under long term contracts with the U.S. Navy, U.S. Air Force, FAA, Department of Justice, Department of the Treasury, Department of Veterans Affairs, GSA (1) (Global mobile Suppliers Association, Sawbridgeworth, U.K., www.gsacom.com) A membership organization of suppliers of GSM products and services. Its goal is to promote GSM as the worldwide mobile communications standard. See GSM Association and GSM. and other agencies. Their professional services includes design and development for both mainframe and client server architectures, systems engineering and integration, networking, electronic data interchange See EDI. (application, communications) electronic data interchange - (EDI) The exchange of standardised document forms between computer systems for business use. EDI is part of electronic commerce. , information systems re-engineering, information system security and information systems outsourcing. For fiscal year 1996, CTA Incorporated had revenues of approximately $180 million. "DelSoft and CTA have excellent synergy. We believe this agreement is the first step to significant future business between our companies. By combining our efforts, the time and labor costs associated with correcting their customers' Year 2000 problems can be drastically reduced," stated Jeffrey A. Rinde, CFO See Chief Financial Officer. of DelSoft Consulting. Forward looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Investors are cautioned that such forward looking statements involve risks and uncertainties, including without limitation, continued use of the Company's services, and the continued availability of labor resources. CONTACT: Liberty Capital Group Inc. Jay Grieg, (360) 676-6586 or DelSoft Consulting, Inc. Jeffrey A. Rinde, (770) 518-4289 or CTA Incorporated Dave Johnson, (301) 816-1477 |
|
||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion