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CONTINUUM ANNOUNCES INTENT TO ACQUIRE VANTAGE

 AUSTIN, Texas, Aug. 31 /PRNewswire/ -- The Continuum Company, Inc. (NYSE: CNU) announced that it has signed a letter of intent for the acquisition of Vantage Computer Systems, Inc. DST Systems, Inc. and Robert S. Maltempo, the only shareholders of Vantage, are both parties to the agreement.
 Under the terms of the letter of intent, Continuum will acquire Vantage in exchange for 4,000,000 newly issued shares of Continuum common stock. Continuum will deliver 2,939,000 shares at the effective date of the transaction, and an additional 1,061,000 shares after approval of Continuum shareholders. If Continuum shareholders do not approve the issuance of the additional 1,061,000 shares, cash or other consideration will be substituted for the additional shares.
 Vantage serves the insurance industry with data processing services, third party administration services, computer software and consulting. Vantage has 550 employees and expects revenues of approximately $45 million for the year ending Dec. 31, 1993, principally from customers in the United States life insurance industry.
 DST, a wholly owned subsidiary of Kansas City Southern Industries, Inc. (NYSE: KSU), provides data processing services for the mutual fund, insurance, securities transfer, pharmaceutical, banking and real estate industries. DST will own approximately 19 percent of Continuum outstanding stock as a result of the transaction.
 The proposed transaction remains subject to a number of events, including completion of due diligence by all parties, negotiation of a definitive agreement, final approval by the boards of directors of Continuum and DST and pre-merger regulatory clearance.
 The Continuum Company, Inc. is an international consulting 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- 8/31/93 R
 /CONTACT: John L. Westermann III of The Continuum Company, Inc., 512-345-5700/
 (CNU KSU)


CO: The Continuum Company, Inc.; Vantage Computer Systems, Inc.;
 Kansas City Southern Industries Inc.; DST Systems Inc. ST: Texas IN: CPR SU: TNM


SM -- NY067 -- 7800 09/01/93 09:04 EDT
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Publication:PR Newswire
Date:Sep 1, 1993
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