NeoMedia Technologies Launches ADAPT/Audit Year 2000 Solution.FORT MYERS, Fla.--(BUSINESS WIRE)--Sept. 1, 1998-- New Software Service Helps Companies Achieve Millennium Due Diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. NeoMedia Technologies 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 :NEOM) has announced the availability of ADAPT/Audit(SM), a combination of automated Year 2000 analysis tools and consulting services, designed to help companies check the accuracy of Year 2000 computer code and data conversions. The announcement was made at the Year 2000 National Symposium Series held in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of by BrainStorm Group Inc. The latest offering in NeoMedia's ADAPT/Enterprise(TM) solution set, ADAPT/Audit supports Year 2000 due diligence by allowing users to verify the accuracy of manual COBOL COBOL: see programming language. COBOL in full Common Business-Oriented Language. High-level computer programming language, one of the first widely used languages and for many years the most popular language in the business community. code conversion projects. Using NeoMedia's market leading ADAPT/2000(TM) and ADAPT/PC-2000(TM) source code and data analysis tools, NeoMedia consultants review remediated COBOL source code and PC spreadsheets and databases looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. possible 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. areas. Deliverables to Audit clients include output reports from the scanning tools along with management reports summarizing the consultants' findings and offering an opinion on the existence of Year 2000 readiness issues. "As concerns about millennium readiness escalate, companies are faced with proving Year 2000 due diligence as a contingency of doing business-as-usual," said George Luntz, general manager, Mass Change Division. "For example, many banks now demand proof of Year 2000 compliance as a criteria for granting and maintaining lines of credit. ADAPT/Audit will help companies to meet these demands." The ability to audit Year 2000 compliance projects will increase in importance as the millennium shift approaches, according to Luntz. "For example, the Federal Financial Institutions Examination Council The Federal Financial Institutions Examination Council, or FFIEC, is a formal interagency body of the United States government empowered to prescribe uniform principles, standards, and report forms for the federal examination of financial institutions by the Board of currently recommends that financial institutions develop a due diligence process for service providers, software vendors and customers," Luntz said. "The Federal Reserve Bank Board and the Federal Deposit Insurance Corporation Federal Deposit Insurance Corporation (FDIC), an independent U.S. federal executive agency designed to promote public confidence in banks and to provide insurance coverage for bank deposits up to $100,000. (FDIC FDIC See: Federal Deposit Insurance Corporation FDIC See Federal Deposit Insurance Corporation (FDIC). ) are monitoring banks for progress toward compliance," Luntz added. Luntz continued, "Ultimately, we may see an ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 9000-type certification process in place for Year 2000 compliance. In these scenarios, ADAPT/Audit can play a crucial role in companies' business operations." ADAPT/Audit covers the review of COBOL code from any mainframe or midrange systems across the enterprise, as well as PC and LAN (Local Area Network) A communications network that serves users within a confined geographical area. The "clients" are the user's workstations typically running Windows, although Mac and Linux clients are also used. spreadsheets and databases such as Excel, Lotus, Access, DBASE, FoxPro, and others. For more information about ADAPT/Audit, call 1-800-277-5468. ADAPT/Audit belongs to the ADAPT/Enterprise(TM) tool suite, NeoMedia's strategic approach to managing and correcting mass change problems, including Year 2000 date compliance, across the enterprise. These software tools enable companies to centralize Year 2000 data and source code analysis, tracking and risk management. ADAPT/2000(TM) is a highly automated, cross-platform mass change tool that provides multi-platform conversion and source code remediation for midrange and mainframe proprietary COBOL applications. ADAPT/PC-Pro(TM) is an easy-to-use, Year 2000 software toolset that provides users with hardware, software, and data inventory, PC BIOS testing and fix deployment, data file scanning and analysis, and centralized millennium project management. ADAPT/Workbench(TM) is a set of migration and rapid application development tools for moving proprietary COBOL applications onto open, Internet-ready system platforms. NeoMedia was founded in 1989. Its common stock trades on the NASDAQ Small Cap Market under the symbol NEOM. NeoMedia provides proprietary software for document management and production systems, the migration of programs and databases from closed system to open system platforms including Year 2000 conversions and solutions, and unique Internet software that links physical objects, such as paper, to corresponding electronic information: Linking the Worlds of Print and Electronic Media(SM). Additional information is available on the Internet at www.neom.com. ADAPT/Enterprise, ADAPT/2000, ADAPT/PC-Pro, and ADAPT/Workbench are trademarks and ADAPT/Audit is a service mark of NeoMedia Technologies Inc. All other product names used are trademarks or registered trademarks of their respective owners. This release is available on the KCSA KCSA Krannert Center Student Association KCSA Kentucky Crushed Stone Association (Frankfort, KY) KCSA Kyiv City State Administration KCSA Kalamazoo Christian School Association KCSA Kentucky-Canadian Studies Association Worldwide Public Relations Website at www.kcsa.com. CONTACT: NeoMedia Chuck Jensen, 941/337-3434 e-mail: cjensen@neom.com or KCSA INVESTOR CONTACT: Joseph A. Mansi/Jeffrey Corbin 212/896-1205 / 212/896-1214 e:mail: jmansi@kcsa.com / jcorbin@kcsa.com or KCSA MEDIA CONTACT: Frank Domondon/Adam Gaber 212/896-1248 / 212/896-1261 fdomondon@kcsa.com / agaber@kcsa.com |
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