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Terrano Corp. engages special legal counsel.

LONGWOOD, Fla.--(BUSINESS WIRE)--Feb. 10, 1995--Terrano Corp. (NASDAQ:TRNO) d/b/a Dynamic Healthcare Technologies, (Dynamic) today announced that they have engaged new, special legal counsel following the company's filing of restated financial statements for the years 1992 and 1993, and the nine months ended Sept. 30, 1994.

This action is being taken due to the magnitude of the restatements, information learned during the restatement process, and subsequent discoveries regarding inaccurate statements reported in the company's previously issued annual reports.

The company's restatements were the result of an internal investigation in which the company's newly appointed management team found possible misapplication and errors in the use of generally accepted accounting principles in the company's method of recognizing income in its previously issued financial statements. This information was reported to the Board of Directors immediately and prompted an independent internal investigation.

The special legal counsel will assist management in preparing a detailed plan of action to: 1) provide full and fair disclosure of all information to the investor public as soon as it can be accurately presented; 2) assist management in determining whether, by whom, and to what extent, improprieties may have been perpetrated; and 3) pursue any and all recoveries available to the company.

David M. Pomerance, Chief Executive Officer, stated, "The special legal counsel we have engaged will conduct a prompt and thorough investigation of these matters. They have the full support of the Company's current management and Board of Directors."

Dynamic Healthcare Technologies serves over 225 clients throughout the United States. The company markets clinical and financial software and provides technical and consulting services to healthcare facilities using IBM(R) midrange hardware. The company's headquarters is located in Longwood, Florida.

CONTACT: Terrano Corp. d/b/a Dynamic Healthcare Technologies

Mary Lu Lander (media), Vice President, Marketing or

Mitchel J. Laskey (investor), President and Chief

Operating Officer, 1-800-832-3020
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Publication:Business Wire
Date:Feb 10, 1995
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