LAGUNA NIGUEL, Calif., April 5, 2006 (PRIMEZONE) -- California Software Corporation (Pink Sheets:CSWX), a leader in Legacy Extension, Business Intelligence and loan production software for banks, credit unions and consumer lending institutions and developer of the award-winning INFINITE product lines, announced today that it has been awarded a GSA schedule contract for its INFINITE product family, maintenance and services.
"California Software has done business with the federal government, as well as many state and local governments for many years, but has not previously had a direct GSA schedule contract. Previous contracts were fulfilled through third party providers, software companies and integrators who had a direct GSA agreement in place," said Carol Conway, President, California Software.
Bruce Acacio, CEO, California Software said, "Finalizing a GSA schedule contract is one of many steps we are taking in 2006 to continue to grow our business. The team at California Software is working on building partnerships with government agencies and private businesses to modernize legacy applications and integrate them into newer object-oriented technologies."
About California Software Corporation
California Software is a global provider of software and services for the legacy extension and financial services markets. The company is headquartered in Orange County, CA and operates globally from offices in Asia, North America, South America and Europe. The Company's products are marketed under the brand names INFINITE and LPS. California Software enjoys over 100,000 installations in 56 countries.
Safe Harbor Statement
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as California Software or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements in this release that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.
For additional information, see www.californiasoftware.com