ALT−C Systems Inc. and MIS AG announce Strategic Alliance

MONTREAL - August 24th, 1998 -

ALT−C Systems Inc. of Montreal, Quebec and MIS AG, headquartered in Darmstadt, Germany, announce their intent to exchange selected software technologies. ALT−C Systems proposes to integrate the MIS Alea toolset within its Forecast Warehouse system, designed for Windows 95/NT. This would allow dynamic extraction of data from the TimeTrends® relational ODBC-compliant database into MIS Alea "hypercube", thus permitting multi-dimensional analysis using an Excel interface. The intuitive "drag and drop" capability of rearranging data along different dimensions, while drilling down to the desired level of detail, provides end-users with powerful analysis capabilities within a familiar environment.

TimeTrends already provides a powerful administrative system for all forecast-related information, allowing both the creation and management of forecasts within a Y2K-compliant, Internet-enabled 32-bit application.

MIS has an internal project to check and evaluate whether the TimeTrends mathematical engine could be incorporated in the MIS Solutions product line. MIS Solutions, which provides advanced business intelligence capability, would thereby allow users to easily create forecast projections of data series within OLAP (on-line analytical processing) hypercubes being employed in budgeting, controlling and planning applications. In addition to MIS Solutions' advanced budgeting and analysis functionality, their users could create easily forecast on-the-fly. ALT−C Systems and MIS are seeking to expand their International Sales.

ALT−C Systems: ALT−C Systems Inc., headquartered in Montreal, Quebec - Canada, is the developer of TimeTrends Forecasting systems, a forecasting software serving manufacturing, distribution and sales force automation environments. TimeTrends is the result of an extensive R&D effort, whose mandate was to produce a state-of-the-art system for both ad-hoc forecasting and mission-critical business forecasting. ALT−C Systems Inc. is a privately held software development company specializing in forecasting decision support tools.    

MIS AG: MIS AG, headquartered in Darmstadt, Germany is a leading software developer and service provider focusing on providing state-of-the-art financial data mart solutions to controllers, financial analysts and marketing and sales executives worldwide. The company offers products that allow rapid and efficient implementation of customized solutions based on the Alea OLAP database as well as other datastores. These include pre-configured business intelligence rules, multiple front-ends (including the read/write JavaClient) and access to legacy systems. Beyond these core modules, MIS offers a full suite of applications for controllers, financial officers, marketing and sales executives. With over 180 employees, the company offers consulting, system integration and support from its 15 offices around the globe. MIS's U.S. headquarters are in Florham Park, NJ.

For additional information contact:

ALT−C Systems Inc.
5117 Savoie,
Pierrefonds, Quebec, Canada
H8Z 1C4
Tel. 450-635-5404
FAX 514-685-0463

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