CSP
Inc. Announces Partnership at MODCOMP Subsidiary with 4C Solutions
Agreement
Positions Company to Leverage ViewMax Product in Fast-Growing
E-Commerce Market
Ft.
Lauderdale, Fla., May 10, 1999 -- CSP Inc. (NASDAQ:CSPI) announced
that its MODCOMP, Inc. subsidiary, a leading developer of Internet
software solutions, has entered into a partnership with 4C Solutions,
Inc. (4CS), a developer of custom software applications and business
solutions.
The
agreement is intended to optimize the Company's position in the
fast-growing Web-to-host market. The partnership will create a
new distribution channel for ViewMax(TM) by tapping into an established
4CS e-business customer and partner network. 4CS will implement
ViewMax solutions for these customers and provide installation,
deployment and support services to new ViewMax customers.
ViewMax
allows companies to easily integrate IT systems with Internet
technology without any modification to the underlying legacy application
code. Acting as a bridge between a company's legacy systems and
its network -- including extranets and the Internet -- ViewMax
selectively extends information from green screens, allowing users
to access and update the data from a web browser.
As
companies complete Year 2000 projects, many are looking to legacy
extension vendors to provide Web-to-host solutions as a cost-effective
way to enter the e-commerce market.
"More
and more companies are poised to launch new e-business applications,"
said Gary Fowler, vice president, sales and marketing, Internet
Products Division, MODCOMP, Inc. "These companies intend to gain
a competitive edge in the e-commerce marketplace to improve their
current operations. By partnering with 4CS, we believe that we
are positioned to meet this rapid growth and accelerate our presence
in the market."
4CS
brings a diverse background to the partnership with experience
in both Web and enterprise environments. MODCOMP's ViewMax allows
4CS to bridge the gap between these two specialties.
"4CS
is pleased with our new partnership with MODCOMP," said Martin
Spratt, manager, consulting services and solutions, 4CS. "We were
looking for elegant ways to rapidly enable e-commerce solutions
by exploiting our customers' existing application systems. Many
of our customers have immediate needs for e-business solutions.
With MODCOMP's ViewMax, we will be able to provide a scalable
and reliable technology to get them into the e-commerce market
quickly and cost effectively."
"This
agreement is another example of the steps we are taking to reposition
CSP Inc. to leverage the tremendous opportunity for our ViewMax
product in the new Internet economy," stated Alexander Lupinetti,
CSP Inc. chairman, president and CEO.
About
4C Solutions, Inc.
4C Solutions, Inc. (4CS), founded in 1995 by President Ashok Kartham,
specializes in consulting services for development of Web technologies
(Internet, intranet, and extranet), networking technologies and
custom software development. Creativity, collaboration, commitment
and computing excellence (the 4-Cs) are the core of the 4CS business
philosophy. 4CS embodies years of successful software development
and aims to share that experience and knowledge by forming strategic
partnerships with its customers. 4CS corporate offices are located
in East Moline, IL, with satellite offices in Des Moines, IA,
Chicago, IL, and Raleigh, NC.
About
CSP Inc.
Based in Billerica, Mass., CSP Inc., and its subsidiaries develop
and market Internet software for e-commerce, image processing
software and systems, network management outsourcing services,
and high performance computer systems. Its MODCOMP subsidiary
is a leading provider of Internet software solutions and systems
integration. MODCOMP works with third parties to develop customized
application solutions in the global e-commerce markets and has
offices in the US, UK, France, and Germany.
CSP
Inc. wishes to take advantage of the 'safe harbor' provisions
of the Private Securities Litigation Reform Act of 1995 with respect
to statements that may be deemed be forward-looking statements
under the Act. Such forward-looking statements may include, but
are not limited to, statements regarding the success of the Company's
and its subsidiary's products and services. The Company cautions
that numerous factors could cause actual results to differ materially
from any forward-looking statements made by the Company. Please
refer to the section on forward-looking statements included in
the Company's Form 10-K filed November 25, 1998 with the Securities
and Exchange Commission.
To
learn more about CSP Inc., consult www.cspi.com.
To learn more about MODCOMP, Inc., consult www.modcomp.com.
To learn more about Scanalytics, Inc., consult www.scanalytics.com.
MODCOMP
Corporate Headquarters
MODCOMP, Inc., 1650 West McNab Road, Ft. Lauderdale, FL 33309-1088,
Tel: +1 954 974 1380, Fax: +1 954 977 1900, E-mail: info@modcomp.com,
URL: www.modcomp.com
###
Note
to Editors: MODCOMP is a registered trademark of MODCOMP, Inc.
All other product and company names mentioned herein may be trademarks
and/or registered trademarks of their respective companies.
99-4
Press contact: Michelle Peloquin Riess,
(408) 230-2268, michelle.riess@attbi.com
is a subsidiary of 