November 6, 1998
SPECIAL UPDATE REPORT
WORDCRAFT SYSTEMS, INC.Today a press release was issued by Wordcraft Systems (OTC BB: WORC). The Company continues to make progress, and we are very optimistic about the future of the SWIM Computer Systems for Water Utilities.
Below is the text of the press release in its entirety for you to review:
Wordcraft Systems, Inc.
19782 MacArthur Blvd., Ste. 360, Irvine, CA 92612
Tel: 949-261-7044 Fax: 949-261-9018
WORDCRAFT SYSTEMS, INC. TO DISTRIBUTE MICROSLATES GLOBAL POSITIONING SYSTEM (GPS) PORTABLE COMPUTER
IRVINE, CA..November 6, 1998, Wordcraft Systems, Inc. - (WORC.BB) - today announced that it has entered into a business partner relationship with Microslate, Inc. of Canada to market and distribute its rugged and powerful, pen computer (Intel-based Pentium).
Equipped with Global Positioning Technology (GPS), the Microslate portable pen based computer also features internal wireless communication, mass storage, and truck docking which permits uploading and downloading of data to and from a central database. Operating systems include: Win 3.1, Win 95, Pen Dos, Pen Right, and OS/2.
The computer may be used with field maintenance crews and is compatible with the companys SWIMpen software product. SWIMpen integrates pen-based computer maps into the maintenance crews daily activities, thus virtually eliminating paper copies of work orders/service requests. Field crews derive major benefits by having a map display, in their true geographic location, open service requests, together with water distribution and wastewater collection system facilities. The crews can as well, perform facility data updates and draw electronically sketched maps; depicting new or modified facility locations. The crews vehicles are equipped with Global Positioning System (GPS), so that a vehicles position can be located relative to new job site locations.
The companys SWIMpen software and the Microslate computer will be marketed to Water Utilities worldwide. Water Utilities are generally highly profitable entities, of which approximately 85% are owned by Municipalities. Generally, the Water Utilities division is one of its major profit centers that can be further enhanced by the companys exceptionally efficient software management system (SWIM). According to the American Water Works Association, there are in excess of 60,000 Water Utilities in the United States. This translates into a combined software market potential in excess of $400. million.
For further information, visit our public relations website at www.1stNetTech.com/worc.
This news release contains forms of forward-looking statements that are based on the companys beliefs as well as assumptions made by information currently available to the company. Such statements are subject to certain risks, uncertainties, and assumptions, which are identified in the companys Rule 15c-11 Information Statement. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results will vary materially from those anticipated, estimated or projected and the variations may be material.
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