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CONTINUUM SHAREHOLDERS APPROVE PAXUS TRANSACTION

 AUSTIN, Texas, July 13 /PRNewswire/ -- The Continuum Company, Inc. (NYSE: CNU) announced that at a special meeting held today its stockholders approved the issuance of up to 4,090,000 shares of common stock pursuant to Continuum's offer to acquire all outstanding shares of Paxus Corporation Limited of Sydney, Australia in a stock for stock exchange.
 Continuum's offer to exchange 0.0559 of a share of Continuum common stock for each outstanding ordinary share of Paxus is contingent on acceptance of the offer by the holders of at least 90 percent of the Paxus stock, and certain other conditions. As of today, the holders of over 80 percent of the Paxus stock have accepted the offer.
 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- 7/13/93
 /CONTACT: John L. Westermann III of The Continuum Company, Inc., 512-345-5700/
 (CNU)


CO: Continuum Company, Inc.; Paxus Corporation Limited ST: Texas IN: CPR SU:

WB -- NY051 -- 0922 07/13/93 13:26 EDT
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Publication:PR Newswire
Date:Jul 13, 1993
Words:188
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