Correcting...Retransmission: Millennium Communications Inc. Acquires Exclusive Rights to Year 2000 Software!TORONTO--(BUSINESS WIRE)--March 12, 1997--Millennium Communications (Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). :MLU MLU Mean Length of Utterance MLU Mid-Life Update MLU Mirror Lock Up MLU Mid-Life Upgrade MLU Monroe, LA, USA (Airport Code) MLU Memory Look-Up MLU Multiple Logical Unit MLU Memory Lookup .) ("Millennium") Millennium is pleased to announce that it has acquired exclusive rights to the Canadian marketplace for 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. " software, developed by Century Technology Services, Inc. The Year 2000 problem will affect nearly all software that tracks date sensitive financial information. Some of the industries affected will be banking, insurance, government, and accounting. This software, known as CTSI CTSI Census Tract Street Index (US Census Bureau) CTSI California Traffic Safety Institute CTSI Corbett Technology Solutions, Inc. (Chantilly, VA) CTSI Central Terminal Signaling Interface 2000, performs the Year 2000 conversion for mainframe, midrange and other systems, regardless of computer language, in less than half the time of other conversion services. The process is less disruptive to the current operating environment, requires a smaller programming commitment, and significantly reduces overall conversion and testing costs. The Year 2000 problem occurs when the computer attempts to process "00" in the years field. The systems thinks the "00" is 1900, not 2000, and malfunctions. This problem creates erroneous calculations and computer crashes. CTSI 2000 converts the computer systems so that they can process dates correctly into the next century. Consideration for the license is $500,000 Cdn plus a royalty of $0.07 per line of code. The average mainframe computer has twelve million lines of code The statements and instructions that a programmer writes when creating a program. One line of this "source code" may generate one machine instruction or several depending on the programming language. A line of code in assembly language is typically turned into one machine instruction. contained in 8000 programs. According to the Gartner Group of Stamford, Connecticut the Year 2000 conversion market is estimated to be worth between $400 and $600 billion USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. over the next three years. -0- Note to Editors: The Alberta Stock Exchange has neither approved nor disapproved of the information contained herein. CONTACT: Millennium Communications Inc. Investor Relations, 416/203-2001 or Donna-Marie Anton, 416/203-2001 |
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