CONTINUUM ANNOUNCES COGEN LICENSE SALE
CONTINUUM ANNOUNCES COGEN LICENSE SALE AUSTIN, Texas, June 1 /PRNewswire/ -- The Continuum Company, Inc.
(NYSE: CNU) announced that a midwestern insurance company has purchased a license to use Continuum's COGEN software system.
Continuum will recognize approximately $1,000,000 in license revenue from the sale during the quarter ending June 30, 1992. "We are very pleased to welcome another member to our growing community of property and casualty customers in the United States," said W. Michael Long, chief executive officer of Continuum. "Our newest COGEN customer has an extensive line of property and casualty insurance products that it will market and administer with the COGEN system. We are anxious to help them achieve the real competitive advantages COGEN's advanced technology provides." The Continuum Company, Inc. is an international consulting and computer services firm based in Austin, serving the needs of life insurance, property and casualty insurance and other financial services companies for computer software and services. -0- 6/1/92 /CONTACT: John L. Westermann III of The Continuum Company, 512-338-7010/ (CNU) CO: Continuum Company, Inc. ST: Texas IN: CPR SU: LIC
SH -- NY022 -- 5563 06/01/92 09:56 EDT
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|Date:||Jun 1, 1992|
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