AGISS Corporation Establishes New U.S. Subsidiary

Business Wire, Oct 23, 1998

OTTAWA--(BUSINESS WIRE)--Oct. 23, 1998--AGISS Corporation (OTC BB:AGCR) announced today the creation of a brand new U.S. operating unit. "We're enthusiastic and excited by the considerable opportunities afforded by this enhanced capacity to serve the U.S. market," said Robert Sowah, AGISS CEO.

A unified, high energy, high efficiency, co-operative approach.

From its Reston, Va., headquarters (scheduled to open within a few days), AGISS Software Corporation - USA, L.L.C. will provide a suite of products and services throughout the United States identical to those of its Ottawa-based Canadian sibling, AGISS Software Corporation. The two companies will share marketing strategies, programs and materials as well as the same "best-of-breed" toolbox of automated software conversion and systems integration tools, and the same comprehensive AGISS "Remedy2000" methodology. Their initiatives will also be supported by the same international super-team of conversion project managers, analysts, software developers, engineering specialists and technicians. But the U.S. and Canadian subsidiaries will each adapt responsively to the business, cultural, infrastructure and technical nuances of their respective markets.

Dr. Melvin Scott will spearhead AGISS's U.S. initiatives, as President of the new unit. Dr. Scott is an acknowledged expert on Year 2000 and Enterprise Resource Planning (ERP) issues. He was most recently Chief Scientist for Boeing Information Services. "The opportunities are tremendously exciting," said Dr. Scott. "As time passes and the new millennium nears, market pressures will increase, as will the demand for our conversion expertise and our ability to respond to the broader business challenges."

Who is AGISS?

AGISS Software Corporation is a leading application software development, software conversion and systems integration specialist, noted for innovation in Year 2000, Euro-commerce and Electronic Commerce conversions and Enterprise Resource Planning (ERP). Through its affiliation with several of the world's prominent software, hardware and service providers and software factories, AGISS has assembled a truly global team. With operations in Canada, Europe, South America and the United States, AGISS serves government, international business and Fortune 1000 companies worldwide. AGISS Software Corporation and AGISS Software Corporation - USA, L.L.C. are wholly owned subsidiaries of AGISS Corporation, a publicly traded company.

Investors please note:

This release may contain forward-looking statements that involve risks and uncertainties which might cause the actual results to differ materially from those projected in any forward-looking statements. Factors, which could affect actual results, include the development and introduction of competitive technologies, the overall market demand for conversion services, the presence of technologically-inferior products and services which are priced or promoted to compete with AGISS.

Media professionals please note:

--   AGISS executives are available for media interviews. Please call
     an ASH Technology Marketing information contact on page 1.

--   Complete media kits are available, including other recent
     pertinent announcements and collateral materials. Call an ASH
     Technology Marketing information contact.

--   Formal and candid/action photos of Messrs. Scott and Sowah are
     available, as well as electronic artwork for AGISS logos and
     other imagery. Call an ASH Technology Marketing information
     contact.

--   We invite you to visit the AGISS website at www.agiss.com

--   AGISS company names, and product and marketing program names such
     as "Destination 2000" and "Remedy2000", are trademarks or
     registered trademarks of AGISS Corporation or AGISS Software
     Corporation.

For more information contact: ASH Technology Marketing (Media Relations) Gary Phippard, John Struthers or Pat Newson 613/591-3800 Murdoch Capital Corporation (Investor Relations) Michael Block 212/421-2545 AGISS Corporation