California Software Begins Consolidation of Unibol and Plans to Rename the Combined Entity Despite Unresolved Issues With UniComp.Business Editors IRVINE, Calif.--(BUSINESS WIRE)--Nov. 30, 2000 California Software Corp. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CAWC CAWC Canadian Association of Wound Care CAWC Companion Animal Welfare Council (UK) CAWC Chicago Abused Women’s Coalition CAWC Cryogenic Aerosol Wafer Cleaning ), a leader in IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) Midrange migration products and developer of the award-winning BABY product line, Thursday announced the planned consolidation of Unibol, its recently announced acquisition. Bruce Acacio, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of California Software stated: "Unibol has been the primary competitor for our BABY/36 and BABY/AS 2000 products on a worldwide basis. We are very pleased to welcome the employees and customers of Unibol to the California Software family which adds offices in Atlanta, Ga., Brussels, Belgium and Belfast, United Kingdom to California Software's existing operations in Irvine, Calif. and Richmond, Va. "We will begin the consolidation of the two businesses by announcing that the combined entity, which now also includes ALE Systems, a Financial Services Software Provider and IBM Business Partner, based in Richmond, Va., shall be renamed." California Software has enjoyed significant interest in its latest products, BABY/GUI and baby.com which provide a graphical and Web-enablement capability to existing iSeries 400-based applications. This technology offers significant benefits to existing Unibol/36 and Unibol/400 customers as well as providing a growing list of new customers who have chosen to remain on IBM's popular iSeries 400 systems. California Software enjoys more than 100,000 installations in 56 countries. Its customers include Caterpillar, Volvo, DHL DHL abbr. 1. Doctor of Hebrew Letters 2. Doctor of Hebrew Literature Worldwide, BMW BMW in full Bayerische Motoren Werke AG German automaker. Founded as an aircraft engine manufacturer in 1916, the company assumed the name Bayerische Motoren Werke and became known for its high-speed motorcycles in the 1920s. Motors, Conseco and Bancomer. With headquarters in Irvine, California Software has locations in Atlanta, Richmond, Brussels, and Belfast. Following the execution of the definitive agreement concerning the transaction by which California Software acquired the Unibol business from UniComp Inc. (Nasdaq:UCMP UCMP USIGS Configuration Management Plan ) and its affiliate, a dispute arose between the parties with regard to the corporate entities considered part of "Unibol." California Software believes, and will continue to operate under the assumption, that it acquired all of the Unibol business previously owned by UniComp (including both domestic and foreign Unibol entities and operations). UniComp has taken a different position, claiming that the U.S. distribution operations of Unibol (operated through Unibol Inc.) were not included in the acquisition. California Software has engaged in discussions to resolve these issues with UniComp and is unsure whether it will be able to resolve them without resorting to litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. . About California Software Corp. With headquarters in Irvine and offices in Atlanta, Richmond, Belfast and Brussels, California Software Corp. is the worldwide leader in IBM Midrange migration software solutions and a leader in Financial Services Software. The company's products, marketed under the brand name BABY and MLPS MLPS Modern Languages in the Primary School (Scottish primary education) MLPS Manual Lever Position Sensor MLPS Martin Luther Preparatory School (Prairie du Chien, Wisconsin) , support the migration of IBM AS/400 screens and applications to Windows and the Web and loan processing applications for financial institutions. About Unibol Established in 1979, Unibol is focused on enabling AS/400 and System/36 applications to work with Windows UNIX UNIX Operating system for digital computers, developed by Ken Thompson of Bell Laboratories in 1969. It was initially designed for a single user (the name was a pun on the earlier operating system Multics). , Linux or NT/2000. Unibol solutions, a combination of the right products and the right services, have been highly successful and have spanned almost every industry -- from accounting firms to cosmetic companies. This news release contains forward-looking statements relating to future events or future financial performance that involve risks and uncertainties. Such statements can usually, but not always, be identified by terminology such as "may," "will," "should," "expects," "plans," "anticipates," "believes," "estimates," "predicts", "potential", "intends" or the negative of such terms or comparable terms. These statements are only predictions and actual results could differ materially from those anticipated in these statements based upon a number of factors including those identified in the company's filings with the SEC. Investors are cautioned that all forward-looking statements involve risks and uncertainties of the industry in which the company operates and/or proposes to operate, including without limitation, uncertainties of product sales and product development, market acceptance of the company's products, the impact of competitive products and technological innovation, product returns and defects, product obsolescence ob·so·les·cent adj. 1. Being in the process of passing out of use or usefulness; becoming obsolete. 2. Biology Gradually disappearing; imperfectly or only slightly developed. , availability of qualified personnel, dependence on third party suppliers, success or failure of strategic business alliances, acquisitions or other business combinations, new or amended laws and regulations applicable to the company, general market conditions, and other risks. These forward-looking statements are made in reliance on 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, as amended. |
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