California Software Finalizes Large Routine License Contract From PEMEX Subsidiaries; Names Paul Brach International Account Executive.Business/Technology Editors SANTA ANA, Calif.--(BUSINESS WIRE)--March 23, 2000 California Software Corporation (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: 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(tm) product line, today announced the completion of negotiations with a subsidiary of PEMEX Pemex officially Petróleos Mexicanos Mexico's state-owned oil company. In 1938 Pres. Lázaro Cárdenas nationalized 17 foreign oil companies to create Pemex, the largest Latin American petroleum company and a major world exporter of fossil fuel. , the government-owned gasoline station monopoly in Mexico, for delivery of California Software's BABY series of products which will add more than 1,200 sites licenses through year-end 2001. The promotion of Paul Brach to the newly created position of International Account Executive has broadened our presence in the foreign markets and helped enhance existing relationships. "In his new role as International Account Executive, Paul will focus on building new Business Partner relationships, develop existing Business Partners and work with high-volume end-users both in Latin America and Europe," commented Bruce Acacio, President and Chief Executive Officer of California Software. California Software Corp. is the international leading provider of IBM Midrange migration software solutions marketed under the brand name BABY. These products support the migration of IBM AS/400 screens and applications into PC-LAN PC-LAN Personal Computer Local Area Network business environment and enjoy over 100,000 installations in 56 countries. 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 acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence on third-party suppliers, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission. |
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