Forecross Signs Contracts for 14 Million Lines of Year 2000 IV&V with Canadian Bank.
Forecross(R) Corporation (OTCBB:FRXX), a legacy migration and year 2000 solution company, announced today that it has signed contracts with a large Canadian bank and its U.S. subsidiary, for the independent validation and verification (IV&V), of approximately 14 million lines of application source code.
The code is comprised of IBM MVS COBOL, Tandem and Unisys COBOL, and IBM and Tandem Assembler languages. Under these contracts, Forecross will use its Confirm/2000(TM) product, an automated independent validation and verification (IV&V) software-based service. The projects will be completed in the Forecross Confirm/2000(TM) automated factory in San Francisco.
About Forecross Year 2000 Solutions
Forecross provides automated solutions for all phases of year 2000 projects including assessment, renovation and independent verification and validation (IV&V). Numerous languages are supported by Complete/2000(R) and Confirm/2000(TM) including COBOL, CA-ADS, APS, C, C++, CSP, CA-Easytrieve, CA-IDEAL, IMSADF II, PL/I, PowerBuilder, CA-TELON, CA-MetaCOBOL. COBOL solutions are available for AS/400, DEC/VAX, HP, MVS, Tandem, Unisys, VM, VSE and Wang.
Forecross Confirm/2000(TM) for IV&V accurately identifies source code that is compliant, non-compliant or that needs to be investigated. Because it uses a different approach from the date-seed-driven renovation and IV&V products and services on the market, Confirm/2000(TM) provides a truly independent validation of the accuracy of previous renovations.
Founded in 1982 as a high-technology software development laboratory, Forecross Corporation is dedicated to the design and development of innovative conversion software. Clients have included such leading corporations as Aetna Life Insurance Company, Brown Brothers Harriman & Company, Charles Schwab & Co., IBM Corporation and Bank of America NTSA for its migration software services. Teaming partners of Forecross Corporation for its Complete/2000(R) offerings include AASKI Technologies, Ltd., Alydaar Software Corporation, TRW, Inc. (BDM International), CIBER, Inc., Information Sciences Group, Inc., Marconi Information Systems (a business division of Marconi North America Enterprise Solutions, formerly known as Tracor, Inc.), SCB Computer Technology, Inc., and Sapiens Americas (a subsidiary of Sapiens International).
On Behalf of the Board of Directors,
Bernadette C. Castello
Senior Vice-President and CFO
Except for historical information contained herein, the matters set forth in this release are forward-looking statements that are dependent on certain risks and uncertainties, including such factors, among others, as market acceptance, market demand, pricing, changing regulatory environment, changing economic conditions, risks in new product and service development, the effect of the company's accounting policies and other risk factors detailed in the Company's SEC and BCSC filings.
The U.S. Securities and Exchange Commission has not reviewed and does not accept responsibility for the adequacy or accuracy of this News Release, which has been prepared by the Company.
Note to Editors: Forecross is a registered trademark of the Forecross Corporation. Complete/2000 is a registered service mark of Forecross Corporation. Confirm/2000 is a service mark of Forecross Corporation.
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|Date:||May 5, 1999|
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