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Computer Horizons makes announcement.


MOUNTAIN LAKES, N.J.--(BUSINESS WIRE)--May 23, 1996--Computer Horizons Corp. (NASDAQ NASDAQ
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
: CHRZ). A financial analyst's report was circulated today which stated that "Computer Horizons has lost a contract with AIG AIG addressee indicator group (US DoD)
AIG American International Group, Inc
AiG Answers in Genesis (religious group in defense of Scripture)
AIG Artificial Intelligence Group
AIG Australian Industry Group
 that was running at about $20 million per year." That statement is inaccurate.

Computer Horizons has had an ongoing business relationship with AIG for the past 8 years which generated annual revenues ranging from a low $1 million to a high of $13 million in 1995. At the beginning of 1996, Computer Horizons was engaged on seven different projects (contracts) for AIG. As the year progressed, 4 of those projects have been completed in the normal course, one remains ongoing, and two were cancelled. The cancellations reflected an AIG change in philosophy to bring these systems back "in house," and involved contracts calling for about $5 million in revenue between May and September September: see month.  1996.

CONTACT: Computer Horizons Corp.

Bernhard Bernhard

(born June 29, 1911, Jena, Ger.—died Dec. 1, 2004, Utrecht, Neth.) Prince of The Netherlands. The son of Prince Bernhard Casimir of Lippe-Biesterfeld, Bernhard married the Dutch crown princess Juliana in 1937 and took Dutch citizenship.
 Hubert Hubert may refer to:
  • The European family name Hubert and first name.
  • As a family name it is explained as an abbreviation of Hubertz (Yiddish and Sorbian form of Huberowitz) meaning "Houber's son" or "(son) of Heber" or simply
, 201/402-7400
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1996, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:May 23, 1996
Words:153
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