Computer Concepts Selected to Deliver $5.5 Million in Services to a Fortune 100 Company.BOHEMIA, N.Y.--(BUSINESS WIRE)--April 14, 1998--Computer Concepts Corp. (NASDAQ-CCEED) (CCC CCC A very speculative grade assigned to a debt obligation by a rating agency. Such a rating indicates default or considerable doubt that interest will be paid or principal repaid. Also called Caa. ) today announced that it has been selected by a top Fortune 100 company to deliver $5.5 million in professional services over the next twelve months. Contract terms do not allow disclosure of additional details. Commenting on having been selected, CCC's President and 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. , Dan DelGiorno, said "The selection of Computer Concepts to provide these services to a Fortune 100 company establishes Computer Concepts as a major player in the rapidly expanding outsourcing market." Mr. DelGiorno further noted, "In conjunction with the recently announced selection of the Company to provide approximately $30 million in products and services, this selection to provide an additional $5.5 million in services confirms the successful entry of Computer Concepts into the professional services arena. These selections are the fruit of extensive efforts on the part of the Company's senior management, including the head of its Professional Services division, Greg Garbe, to establish the Company as a significant vendor/services provider for professional services in the computer industry." In closing, he added "We consider these selections of the Company to provide approximately $36,000,000 of products and services, and the fact that we have been asked to bid on several other large projects, to be an affirmation in the industry that Computer Concepts is capable of handling large outsourcing projects for major companies, and is a tribute to the Company's senior management team and its Professional Services division." Please note that the previous trading symbol Trading symbol See: Ticker symbol of Computer Concepts Corp. was CCEE CCEE Conseil des Conférences Episcopales Européennes (Switzerland) CCEE Câmara de Comercialização de Energia Elétrica CCEE Consilium Conferentiarum Episcoporum Europae (Council of European Bishops' Conferences) ; the temporary, current, trading symbol, which signifies a reverse split by the appending of "D" to the previous trading symbol, will revert back to CCEE on April 27, 1998. Accordingly, look under CCEE for any prior SEC filings and news. -0- This release contains forward looking statements which are based on current information and on management assumptions, and are subject to other important factors disclosed from time to time in the company's Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. and Form 10-Q Form 10-Q See 10-Q. , Registration Statements and other Securities and Exchange Commission filings including specifically, among other factors, changing marketing and economic conditions, timely roll-out of its products by licensees and acceptance of the company's Internet based d.b.Express, SST SST: see airplane. and Year 2000 technologies. Actual results may differ materially from the forward-looking statements in the release. Computer Concepts Corp., headquartered in Bohemia, New York Bohemia is a hamlet (and census-designated place) in Suffolk County, New York, United States. The population was 9,871 at the 2000 census. Bohemia is in the Town of Islip. , develops software tools including d.b.Express that assist end users in the retrieval and visualization of all types of data, and is an 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) Business Partner-Personal Computer Reseller. Computer Concepts' d.b.Express Internet Information ServerTM has recently been licensed by British Telecom, and has been integrated with British Telecom's Syncordia Services' C-View software application which will allow BT's customers to access and analyze the high volumes of technical and account information available within BT's Internet-based databases without having to download the data to their own computers. The new d.b.Express Internet Information ServerTM and JAVA Applet have overcome a major Internet problem, that of high data volume and limited bandwidth, currently responsible for the lengthy delays associated with data downloading. SOFTWORKS, Inc., headquartered in Alexandria, Virginia, is a leading global provider of IT solutions for the enterprise and a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Computer Concepts Corporation. Founded in 1977, SOFTWORKS responds to the data management needs of organizations worldwide, supporting customers in more than 50 countries with solutions for 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. , enterprise performance management, multi-platform data and storage management, and professional services. SOFTWORKS customers include nearly 80 percent of the FORTUNE 100. Computer Concepts and its subsidiary employ a staff of 253. For more information about Computer Concepts and SOFTWORKS, call (516) 244-1500 or visit Computer Concepts' web site at www.computerconcepts.com or SOFTWORKS' web site at www.softworks.com. CONTACT: Fielding Dupuy (212) 627-0814 or Computer Concepts Corp. Gary Kolesar, VP Investor Relations Investor relations The process by which the corporation communicates with its investors. Leigh Athans - Investor Relations Manager (516) 244-1500 |
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