Crystal Systems Launches JavaMaker for Automatic Cobol-To-Java Application Conversion

Business Wire, Dec 7, 1998

HERZLIYA, Israel--(BUSINESS WIRE)--Dec. 7, 1998--Crystal Systems Solutions Ltd. (Nasdaq: CRYSF), today announced the launch of JavaMaker(TM), a legacy software migration tool. JavaMaker provides for the automatic conversion of legacy mainframe COBOL applications to Java, Oracle 8 or Network Computing Architecture multi-tier client/server applications, enabling full deployment of traditional legacy applications in modern environments such as the Internet, Intranet and Web.

JavaMaker is a fully customizable conversion tool designed for utilization by an organization's internal IT staff, or by a system integration partner.

"The next great challenge facing forward-looking IT executives will be the migration of their outdated legacy systems to client/server and other modern platforms," said Amiram Mel, Chief Executive Officer of Crystal Systems Solutions. "We developed JavaMaker to provide the solution for tomorrow's software conversion challenge."

Crystal Systems is one of the world's premier software conversion companies, having provided assessment, conversion and testing services utilizing their proprietary tools and technologies for leading global corporations such as Ford, Nissan, Allied Signal, Kraft Foods and MCI. Many of Crystal's original assignments for these organizations involved Y2K conversion but have since grown to encompass additional conversion projects as their customers IT organizations move to modify and streamline their legacy systems.

"The growing E-Commerce business marketplace is creating great demand and opportunity for Legacy to Internet/Intranet conversion, said Amiram Mel. "We are excited to be able to offer this truly automatic migration tool addressing the needs of the rapidly emerging market."

For JavaMaker technical and marketing information, please access www.cobol2java.com.

About Crystal Systems

Crystal Systems Solutions Ltd. is a member of the Formula Group (NASDAQ: FORTY), which is the largest public information technology group in Israel. Crystal provides software tools and services that perform complex conversion projects for mainframe systems. Crystal's tools and conversion methodologies are designed for application changes such as Year 2000, Euro currency conversion, field expansion as well as technological changes such as platform migration or language upgrades.

"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: Certain of the statements contained in this press release may be deemed forward- looking statements. Such statements, and other matters addressed in this press release, involve a number of risks and uncertainties. Among the factors that could cause actual plans to differ materially from these statements and other matters are marketing risks, risks of competition, technological obsolescence and the risks and other factors detailed, from time to time, in the Company's reports with the U.S. Securities and Exchange Commission.