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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
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
-------------------- This is not a recommendation to buy or sell securities. Posts: 1206 | Registered: Feb 2006
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Talked with the investors relation guy, Pat Dittmar, 702-988-2375 Pat*forecross.com said that for some reason the PR was sent to Bussinesswire but not recieved by lot of trading companies.. GOOD news is that he is working on releasing financials of the company soon...BUT refused to tell me when!!
-------------------- This is not a recommendation to buy or sell securities. Posts: 1206 | Registered: Feb 2006
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FRXX....x 10 Bagger..PR of financials coming soon.....Contract with IBM and several other contracts should take it far. Next week should be HUGE!!
This is not a recommendation to buy or sell securities. This message represents my personal opinion. Visit http://stockdoctor.********.com for more of my picks.
-------------------- This is not a recommendation to buy or sell securities. Posts: 1206 | Registered: Feb 2006
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Schwabie....Patience will pay offff......As soon as the FINANCIALS pop....everybody would be on their feet chasing it... I wanted to add today but had my money tied up... Let it settle for a wonderfullll coming year..... I have been PM'd by so many on investorshub...All saying that there is pop coming...Just look at the VOLUME!!!
-------------------- This is not a recommendation to buy or sell securities. Posts: 1206 | Registered: Feb 2006
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FRXX...Wort $500..Maybe u will get $2000 back Forecross company...Call the investor relation guy for detials....I had posted earlier ab the contracts with IBM...(see my earlier posts....several of them on FRXX)... I am trying to get people to take notice of this opportunity...
Do some DD and u will understand when I say get in before the crowd....Thats what it means
My Target: get in before the crowd!!! Get out before the crowd!!!
-------------------- This is not a recommendation to buy or sell securities. Posts: 1206 | Registered: Feb 2006
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