Computron Software Makes Announcement.RUTHERFORD, N.J.--(BUSINESS WIRE)--March 31, 1997--(OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). : CTRN CTRN Colorado Technical Recruiters Network CTRN Can't Talk Right Now CTRN Certified Transport Registered Nurse CTRN Change That's Right Now, Inc (New York, NY phobia clinic) ) On January 27, 1997, Computron Software, Inc., announced that information had come to the attention of the Board of Directors that may impact previously reported financial statements. Arthur Andersen For the U.S. Supreme Court case commonly known as Arthur Andersen, see . Arthur Andersen LLP, based in Chicago, was once one of the "Big Five" accounting firms (the other four are PricewaterhouseCoopers, Deloitte Touche Tohmatsu, Ernst & Young and KPMG), performing LLP LLP - Lower Layer Protocol , the company's independent auditors, has not yet completed its review of this information and the 1996 audit and accordingly, the company filed a notification of late filing with the Securities and Exchange Commission in order to complete its report on 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. . The company expects that the evaluation of these matters on previously reported results and the effect, if any, on the 1996 financial statements will be completed on or before April 15, 1997 and that the 1996 Form 10-K will be filed on or before such date. The company cautions that the preceding statement is forward looking in nature and concerns matters currently under evaluation by Computron and its independent auditors. This statement is only a prediction and the actual completion date of the evaluation and reaudit and the 10-K filing date may differ. No assurances can be given that the evaluation and reaudit of the Company's financial statements will be complete by April 15th or that the company will be able to file its 1996 Form 10-K on or before such date. Computron Software, Inc., Background Information Headquartered in Rutherford, New Jersey Rutherford is a borough in Bergen County, New Jersey, United States. As of the United States 2000 Census, the borough population was 18,110. Rutherford was formed as a borough by an Act of the New Jersey Legislature on September 21, 1881, from portions of Union Township, , Computron Software, Inc. is an international l software company that designs, markets and supports 3-tier workflow and internet-enabled client/server-based financials, workflow, COOL (Computer Output On-Line Laser Disk) and maintenance and materials/work management software solutions. Computron products are interoperable across most major 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). and legacy architectures, as well as on Microsoft Windows NT. The company currently markets its products and services worldwide through a direct sales force and indirect channels. The company has offices and distributors in 14 countries in North America, Europe, and Asia. CONTACT: Computron Software, Inc. John Rade or Michael R. Jorgensen, 201/935-3400 http://www.ctronsoft.com |
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