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Forecross Signs 672,000 Euro Legacy Modernization Contract

Forecross® Corporation, a legacy-to-web and XML solutions company announced that it has signed a contract with a global technology and consulting company for the conversion of certain CA-IDMS applications on behalf of its client – a bank in Belgium. The contract, which will be paid in Euros, has fixed value of 672,000€.

This project, which is part of a much larger infrastructure modernization effort already under way, is currently expected to take six to nine months to complete. Forecross will convert mainframe-based CA-IDMS applications and data to the Oracle relational database management system on a Solaris (Unix) platform, and will also provide technical support during the testing and production implementation phases.

“This project will be supported by our new Falcon Test Center, where we can test many of the converted programs before delivery to the client. We look forward to a streamlined project where speed and accuracy are the hallmarks,” commented Bernadette Castello, Senior Vice President.

Forecross Corporation, founded in 1982 as a high-technology software development laboratory, 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, the State of New Jersey, IBM Corporation and Bank of America NTSA for its migration software services.

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.

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