Thursday December 2, 8:04 am Eastern Time

Company Press Release

Y2K Expert Jim McGovern Warns That World's Largest Companies are Unprepared for Business Failures

(BUSINESS WIRE)--

WHO: Outspoken Jim McGovern, president and COO of CCD Online Systems

Inc. (CCD), a worldwide provider of de facto industry standard

Y2K-compliant software solutions, is concerned about corporate

Y2K preparedness, including mission-critical business failures,

lawsuits and financial ramifications. As head of a company that

has helped the Social Security Administration, Lloyd's of London,

the Banque Nationale de Paris, various Blue Cross/Blue Shield

offices, Northern Trust Co., the Health Care Financing

Administration (HCFA -- Medicare, Medicaid) and the U.S.

Department of Defense prepare for Y2K, he would make a great

quote or sound bite for upcoming Y2K stories.

WHAT: Illustrated in the following quotes are Jim McGovern's thoughts

on the status of Y2K preparedness in the United States:

``It is very alarming that CCD has yet to visit a company where

we did not find at least 100 critical noncompliant Y2K date

statements for every 1 million lines of code. It is very clear

that there will be significant problems on and after Jan. 1,

2000.``

``Despite diligent efforts on the part of Y2K project teams, and

the staggering expenditure of time and money, an unacceptable

number of errors still remain hidden in purportedly Y2K-compliant

source code. To make matters worse, most Y2K teams are unaware of

the presence of significant undetected errors.``

``In addition to business failures caused by Y2K program errors,

corporate executives must also be prepared to handle Y2K

lawsuits. Y2K has received more early warnings and widespread

public awareness than any other disaster, and companies will need

to prove they went the extra mile.``

``Recent analyst findings and CCD's in-house reports show that

most organizations have a false sense of security about the

possibility of business interruptions due to Y2K-related

outages.``

In an effort to demonstrate that many companies are still at risk for Y2K failures, CCD has challenged select organizations to have at least 200,000 lines of their COBOL or PL/I program code verified for Y2K statement errors by CCD free of charge.

If CCD fails to find at least 50 errors per 1 million lines of code, CCD will donate $50,000 to the organization's choice of a local school or school district for computer education.

This challenge will remain in effect through Dec. 30, 1999. To find out more information about the CCD Challenge and to arrange an assessment, companies may call 800/328-6755 or visit CCD's Web site at www.ccdonline.com.

About Jim McGovern

Jim McGovern, a former Washington, D.C., corporate finance lawyer, has extensive and varied experiences in both government and private industry, as a business executive of high technology companies; the former Under Secretary and Acting Secretary of the U.S. Air Force; and as a military fighter pilot. McGovern earned a bachelor of science degree from the United States Naval Academy and juris doctor from Georgetown University Law School.

If you have any questions or comments regarding Jim McGovern's Y2K outlook, contact: Celia Case, CCD Online Systems Inc., 626/821-0188, ccase@ccdonline.com; or Tawana Clark, Shandwick International, 310/407-6520, tclark@shandwick.com.

Contact:

CCD Online Systems Inc. Celia Case, 626/821-0188 ccase@ccdonline.com or Shandwick International Tawana Clark, 310/407-6520 tclark@shandwick.com

-- Kings Kid (beprepared@y2k.net), December 03, 1999

Answers

hehe kick ass...

source?

-- C. Hill (pinionsmachine@hotmail.com), December 03, 1999.

This release has appeared several times here. Unfortunately, we haven't gotten any takers yet. I'd love to see some IRS code.

It's legit - check out www.ccdonline.com.

We got a lot of business this year by offering to validate samples of code for companies and government agencies, and showing them that their remediation had missed a lot of dates and date logic.

Unfortunately, not eveyone used our services.

-- ccd employee (lurking@ccd.now), December 03, 1999.

Where are decker.shelia,and the pollies when we need them?

-- hurts when I laugh (won'tbet@pollychickenyard.com), December 04, 1999.

First, I am NOT a troll/polly. I am expecting at least a 7 on the oh s*it scale.

However CCD has VERY little to lose by this and ALOT to gain, especially in business and name recongnition spread.

Maybe a few people take them up on the offer and they lose. They get a 50k TAX WRITEOFF since it goes to a charity. If nobody takes them up on it, they get name rec because we all post the article every week. VERY VERY smart CCD, i'm impressed!

That said, I commend CCD for making this offer. It, at worst, gets people to think about IV & V.

-- Not (today@but.thanks), December 04, 1999.