Dataguard Recovery Services to change name to Strategia Corp.

LOUISVILLE, Ky.--(BUSINESS WIRE)--July 2, 1996--Dataguard Recovery Services Inc. announced today that the company plans to change its name to Strategia Corp.

The company also announced plans to effect a 1-for-2 reverse stock split in which every two of the company's common shares currently outstanding would be automatically converted into one new common share. Proposals to change the company's name and approve the reverse stock split are being submitted for approval by shareholders at the company's 1996 annual meeting scheduled for July 12, 1996. If approved, it is anticipated that the name change and reverse stock split would take effect on July 29, 1996.

Dataguard's President Richard W. Smith, stated, "The name change recognizes that our company has evolved from a computer disaster recovery specialist to a provider of a full range of strategic information processing services. Our ability to offer a broader range of computer services gives our customers more flexibility in solving a growing variety of information services problems they face."

The company recently announced that it has begun offering millennium consulting, conversion and testing services to users of mid-range and large computer systems in both North America and Europe. Millennium services are designed to enable computer users to modify their software so their data processing systems function properly in the year 2000. The so-called "millennium problem" arises from the way dates are expressed in computer programs. Computer programs commonly rely on two-digit date codes (MM-DD-YY) for calculations and decision making functions. Many of these computer programs will fail due to an inability to properly interpret dates past 1999. Computer industry analysts have estimated that computer users will expend as much as $300 to $600 billion worldwide to address the millennium problem. The company offers consulting, conversion and testing as separate services or as part of a total solution for organizations that prefer a turnkey solution for their entire year 2000 project.

Earlier this year, the company begin providing outsourcing services, which involve taking responsibility for processing some or all of a client's business information. Outsourcing permits organizations to reduce information management costs as well as lessen the burden of managing older technologies while migrating to newer computer systems. The company plans to market its outsourcing services to both existing and new clients in North America.

The reverse stock split is intended to assist the company's stock in qualifying for listing on the Nasdaq Stock Market. The company's common shares are currently traded on the over-the-counter market, but are not listed on either an exchange or the Nasdaq Stock Market. Historically, the bid price for the company's common shares has been less than both the $5.00 minimum bid price per share requirement for the Nasdaq National Market and the $3.00 minimum bid price per share requirement for the Nasdaq Small-Cap Market. The corporation is currently considering issuing additional common shares in a public offering. It is anticipated that if the proposed reverse stock split is approved, and a public offering of the size currently under contemplation is successfully completed, the company's common shares would meet the criteria for listing on the Nasdaq Small-Cap Market, and possibly on the Nasdaq National Market.

Dataguard Recovery Services operates in North America and Europe through major data center facilities in Louisville, Ky., and Paris, France. For more than a decade, Dataguard has been a leading provider of computer services, including alternate site facilities and outsourcing services for users of Bull and IBM mainframe computers, and contingency planning services. The company's stock trades in the over-the-counter market.

CONTACT: Dataguard Recovery Services Inc., Louisville

Richard W. Smith, 502/426-3434