Forecross Corp. (FRXX)

[ragmuff]

Forecross Signs $700,000 Migration Contract
Date : 01/21/2011 @ 11:57AM
Source : Business Wire
Stock : Forecross Corporation (FRXX)
Quote : 0.08 0.0 (0.00%) @ 9:30AM


Forecross Signs $700,000 Migration Contract

Forecross Corp (USOTC:FRXX)
Intraday Stock Chart
Today : Friday 21 January 2011
Forecross® Corporation, a provider of legacy modernization solutions announced today that it has signed a contract with a large financial services firm for the conversion of certain CA-IDMS applications to IBM's DB2. As part of this contract, Forecross will also provide certain enhancements to these applications. The contract, which will be paid in Canadian dollars, has a fixed price of 715,000CD.

Founded in 1982 as a high-technology software development laboratory, Forecross Corporation is dedicated to the design and development of innovative conversion software to re-deploy and sustain legacy applications on the Internet. Clients have included such leading corporations as Aetna Life Insurance Company, Brown Brothers Harriman & Company, Charles Schwab & Co., the University of California at San Diego, BDM Technologies, Inc., IBM Corporation and Bank of America NTSA for its migration software services. Teaming partners of Forecross Corporation include IBM Global Services, Accenture Belgium, U.S. Technology Resources, Inc., and CIBER, Inc.

On Behalf of the Board of Directors,

Bernadette C. Castello

Senior VP, CFO

FORECROSS CORPORATION

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.

Forecross is a registered trademark of Forecross Corporation.