Computer Horizons Awarded Multi-Million Dollar Solutions Project.MOUNTAIN LAKES, N.J.--(BUSINESS WIRE)--May 3, 1999-- Computer Horizons Corp. (Nasdaq: CHRZ) today announced that it has been awarded a multi-million dollar, multi-year project by a major financial institution. The project reflects the full lifecycle support capabilities of Computer Horizons as resources from numerous divisions and subsidiary companies will work together with the customer to develop a new IT office complex. Computer Horizons will oversee the movement of the customer's IT environment to the new complex, ensuring the use of "Best of Breed" project management processes. Specifically, Computer Horizons Program Management Office will provide integrated planning In amphibious operations, the planning accomplished by commanders and staffs of corresponding echelons from parallel chains of command within the amphibious task force. See also amphibious operation; amphibious task force. , risk management and issue management, project review and leveraging of Best Practices and Lessons Learned, as well as monitor progress and communicate project status to executive management. Additionally, Computer Horizons will assist in the planning, architecture, design and implementation of the information technology infrastructure for the new complex. Over almost three decades, Computer Horizons has provided this major financial institution with a variety of IT services ranging from network engineering, managed resourcing, application development, Y2K See Y2K problem and Y2K compliant. Y2K - Year 2000 desktop solution and Web enablement of applications; proving its large-scale project management capabilities. "Computer Horizons was selected based on our successful track record of providing business oriented o·ri·ent n. 1. Orient The countries of Asia, especially of eastern Asia. 2. a. The luster characteristic of a pearl of high quality. b. A pearl having exceptional luster. 3. IT solutions to this customer, which has allowed us to gain an in-depth knowledge of their systems and network architecture, software and hardware. This award was made possible through the successful positioning of solution components from Computer Horizons and its Network Services division, RPM (1) (Revolutions Per Minute) With electric and electronics devices, RPM measures the rotational speed of the motor's spindle. Floppy disks rotate at 300 RPM, while hard disks rotate from 3,000 to 15,000 RPM. Consulting," commented John J. Cassese, Chairman and President of Computer Horizons. "I am excited by the opportunity to seamlessly supply both strategic IT Consulting and Program Management for this project. The extension of our relationship with this customer further exemplifies Computer Horizons ability to leverage all of its capabilities in support of our customers in a business driven, value based solution," added Robert Miller, Executive Vice President of Computer Horizons Network Services and founder of RPM Consulting. "Our services are designed to meet our customers' mission critical IT needs and assist them in achieving competitive advantages as they aggressively move into an e-business enabled world. We believe that we will experience continued strong demand for our full set of integrated capabilities, as our customers focus on the growing urgency to enable their enterprise to conduct business electronically in a secure, scalable and highly available manner," he concluded. Computer Horizons Corp. is a strategic IT services supplier with over 4,000 billable consultants and 55 offices worldwide. The Company enables its Global 1000 customer base to realize competitive advantages though enterprise application solutions, e-business, customized Web development and Web enablement of strategic application portfolios. Specific offerings include Customer Relationship Management (CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. ), e-business, network services, ERP (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer. , strategic outsourcing (1) Contracting with outside consultants, software houses or service bureaus to perform systems analysis, programming and datacenter operations. Contrast with insourcing. See netsourcing, ASP, SSP and facilities management. and managed resourcing, as well as a best-of-breed selection of software and relational database relational database Database in which all data are represented in tabular form. The description of a particular entity is provided by the set of its attribute values, stored as one row or record of the table, called a tuple. products. For more information on Computer Horizons, please visit our Web site at http://www.computerhorizons.com. This press release includes certain "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " for purposes of the "safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " 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 that involve risks and uncertainties that could cause actual results to differ materially. Such statements are based upon, among other things, assumptions made by, and information currently available to, management, including management's own knowledge and assessment of Computer Horizons' industry and competition. |
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