ConSyGen Terminates Exclusive Arrangement with Strategia Corp. for Bull Conversion Services.PHOENIX--(BUSINESS WIRE)--Sept. 22, 1997--ConSyGen, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : CSGI CSGI Common Spatial Gateway Interface ) announced today that it has terminated its exclusive arrangement with Strategia Corp. with respect to year 2000 services for Bull systems so it can market its year 2000 conversion capabilities to the broadest possible customer base. Ron Bishop, 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. of ConSyGen stated that termination of the exclusive arrangement with Strategia should significantly expand ConSyGen's market opportunity with respect to year 2000 conversion services for Bull systems. We look forward to continuing to work with Strategia on a non-exclusive basis in providing year 2000 conversion services for Bull and other systems. It is in ConSyGen's best interest to be able to market its year 2000 services to the broadest possible customer base. ConSyGen, Inc. is a Phoenix-based software company that provides conversion/correction services with its proprietary technologies. The Company's ConSyGen 2000 software is a fully-automated toolset that automatically corrects dates in 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 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 ). 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: the company's inability to fund its business, either through continuing operations continuing operations Parts of a business that are expected to be maintained as an ongoing segment of an overall business operation. Income and losses from continuing operations are reported separately if any segments have been discontinued during the or obtaining additional financing; 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. Ron Bishop 602/496-4545 or Martin E. Janis & Co. Elliott Jacobson 312/943-1100 |
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