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THE CONTINUUM COMPANY, INC. ANNOUNCES DISCUSSIONS WITH PAXUS CORPORATION LIMITED

 AUSTIN, Texas, March 11 /PRNewswire/ -- The Continuum Company, Inc. (NYSE: CNU) announced that it has entered discussions with the board of directors of Paxus Corporation Limited concerning the possible acquisition of all the outstanding shares of Paxus in exchange for shares of Continuum common stock.
 The offer by Continuum to Paxus shareholders would be made only by means of a prospectus, and remains subject to a variety of factors, including the approval of regulatory authorities and Continuum's board of directors and shareholders. The amount of Continuum stock to be issued in the transaction has not been firmly established.
 Paxus is an international consulting and computer services firm based in Sydney, Australia, supplying computer software and services to a variety of customers, including insurance and financial services companies throughout Europe and the Pacific Rim. Paxus reported revenues of $86,000,000 Australian Dollars ($A) and net income of A$628,000 for the six months ended Sept. 30, 1992 in its unaudited, half-year results prepared in accordance with Australian generally accepted accounting principals.
 The Continuum Company, Inc. is an international consulting and computer services firm based in Austin, Texas, serving the needs of life insurance, property and casualty insurance, and other financial services companies for computer software and services.
 -0- 3/11/93
 /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:

TM -- NY087 -- 5325 03/11/93 18:57 EST
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Publication:PR Newswire
Date:Mar 11, 1993
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