ConSyGen Announces New Marketing Agreements in South-East Asia.PHOENIX--(BUSINESS WIRE)--April 20, 1998--ConSyGen Inc. (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 :CSGI CSGI Common Spatial Gateway Interface ) Monday announced that it has signed Teaming Agreements with companies in Thailand and Philippines, under which the companies will market and utilize ConSyGen's automated Year 2000 software conversion services for clients in South-East Asia South-East Asia n → le Sud-Est asiatique South-East Asia south n → Südostasien nt South-East Asia n → . Ron Bishop Ron Bishop (born 1943 in Woodland, Washington) is an off-road motorcycle racer from the United States. Bishop is best known for his participation in the Baja 1000, where he holds the distinction of being the only racer to have competed in every Baja 1000 on a motorcycle. , ConSyGen's president and chief executive officer, stated: "The signing of these Teaming Agreements demonstrates ConSyGen's continued commitment to addressing 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. wherever it occurs, and to providing the widest possible market for our Year 2000 solution. "The Year 2000 problem is one of the first truly world-wide computing problems, and awareness of its significance is now growing strongly in South-East Asia. The companies involved - Millennium IT (Thailand) Ltd. in Thailand and Millennium IT Inc. in the Philippines, are both well-positioned to introduce the ConSyGen 2000 to the widest range of business and government clients, and over the range of hardware platforms addressed by ConSyGen." He added: "These appointments expand the ConSyGen presence already established in Singapore, and we expect early business growth from throughout the entire region. The expansion into these countries is very timely, particularly as world-wide staff shortages are making manual Year 2000 approaches untenable - unless an automated solution such as ConSyGen 2000 is adopted quickly, whole countries may find themselves impacted by the Year 2000 crisis." Jeff Richards, newly appointed as director of international sales and marketing, commented: "My recent review of operations in South-East Asia underlines both the urgency to proceed with Year 2000 solutions in the area and the interest of businesses and government agencies to avoid dependence on non-automated solutions. Our message has been very well received, and ConSyGen is well-placed through these partnerships to respond to the urgent needs of their clients." ConSyGen Inc. is a Phoenix-based software company that provides conversion/correction services with its proprietary technologies. The company's ConSyGen 2000 software is an automated toolset that automatically identifies and corrects dates is both source code and data to be compliant for the Year 2000 and beyond. The company's ConSyGen Conversion toolset can automatically convert software to run on a different hardware platform. For example, software running on older BULL, 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) , Unisys, etc., mainframes can automatically be converted to run on new open system or client-server platforms (often called downsizing (1) Converting mainframe and mini-based systems to client/server LANs. (2) To reduce equipment and associated costs by switching to a less-expensive system. (jargon) downsizing ). -0- Risk warning: the information contained in this press release contains forward-looking statements concerning the company's financial performance and business operations. The company wishes to caution readers of this information that actual results may differ materially from those projected in any forward-looking statements. Factors which might cause actual results to differ materially from those projected in the forward-looking statements contained herein include the following: failure of the company's ConSyGen 2000 or ConSyGen Conversion toolsets to enable the company to convert software programs successfully so that they are Year 2000 compliant a. 1. (Computers) having dates fully and properly represented, and not susceptible to failure due to the year 2000 bug. and migrated to a functionally-equivalent operation; setbacks in developing the ConSyGen 2000 or ConSyGen Conversion toolsets or the company's other software products; market acceptance of the company's products; competitive factors; technical obsolescence ob·so·les·cent adj. 1. Being in the process of passing out of use or usefulness; becoming obsolete. 2. Biology Gradually disappearing; imperfectly or only slightly developed. of the company's products; and the ability of the company to protect its proprietary information. CONTACT: ConSyGen Inc., Phoenix Ron Bishop, 602/496-4545, ext. 132 Jeff Richards, 602/496-4545, ext. 112 Raj Kapur, 602/496-4545, ext. 109 (Investor Relations Investor relations The process by which the corporation communicates with its investors. ) http://www.consygen.com |
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