August 10, 2006 02:56 PM US Eastern Timezone
Forecross Signs $1,928,500.00 Migration Contract
SAN FRANCISCO--(BUSINESS WIRE)--Aug. 10, 2006--Forecross(R) Corporation, a legacy-to-web and XML implementation solutions company announced today that it has signed a new contract with a premier information technology services company for the conversion of certain CA-IDMS applications to IBM's DB2. Forecross will perform the migration as a sub-contractor for the benefit of an agency of state government. As part of this contract, Forecross will also provide maintenance and enhancements to certain other applications.
"This is our third major migration project with this particular customer," commented Bernadette C. Castello, Senior Vice President and CFO, Forecross Corporation. "It acknowledges their confidence in our company and our superior technology."
In a separate development, Forecross also signed a contract valued at $25,000, for the migration of a small system written in IBM's Cross System Product for a midwestern energy company.
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 U.S. Technology Resources, Inc., CIBER, Inc. and SCB Computer Technology, Inc.
On Behalf of the Board of Directors,
Bernadette C. Castello
Senior VP, 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.
Forecross is a registered trademark of Forecross Corporation