Friday October 23, 5:24 pm Eastern Time

Press Release
SOURCE: EuroSoft Corporation

EuroSoft Corporation Announces Intent To Purchase Do it-Development International Oy

NORTH PALM BEACH, Fla., Oct. 23 /PRNewswire/ -- EuroSoft Corporation (BB: ERST ) is pleased to announce the signing of a Letter of Intent to purchase with Do it-Development International Oy, a technology consulting organization based in Finland. If unanimous approval is received by the board of directors of each company for this purchase, EuroSoft Corporation will announce more details as available.

In addition, EuroSoft Corporation is pleased to announce that its information technology symposium held on October 21, 1998 in Helsinki, Finland was a success with respect to attendance, which the Company believes could potentially lead to future business for the Company. President of EuroSoft, Mr. Nigel Kaufman stated today that, "Aside from any prospectus derived from the symposium, the Company is currently working on proposals and/or arranging demonstrations of its Year 2000 Embedded System Methodology with prospects ranging from major technology companies in Germany to the transportation industry in the Nordic countries." Mr. Kaufman further commented that, "Embedded systems present the most difficult challenge facing industry in preparing for the Year 2000 date change in that any device which uses electricity must be checked and tested. Completion of a thorough inventory permits classification of all devices. Only then can the inventory be cross- checked against our database of over 700,000 tested devices. In response, we have accumulated an arsenal of 209 tools and a battery of 3,500 tests used in the intrusive and obtrusive investigation of devices."

About EuroSoft Corporation

Based in North America, EuroSoft Corporation is a US publicly traded Company that provides critical information solutions consisting of products and services that enable companies to improve and maintain their information technology systems as they evolve. The Company employs a comprehensive suite of software tools, methodologies and processes designed to cost-effectively automate what are known as ``mass change'' software modification initiatives and other software maintenance tasks. Newsoft GmbH is a wholly owned subsidiary of Florida-based EuroSoft Corporation. In addition, EuroSoft recently completed a share exchange with Sicor, Inc., a New Jersey-based consulting company. Several comments relating to sales, earnings and revenues set forth above are forward-looking statements. Management cautions that all statements as to future results of operations are necessarily subject to risks, uncertainties and events that may be beyond the control of EuroSoft Corporation and no assurance can be given that such results will be achieved. Potential risks and uncertainties include the availability of technical personnel, changes in technology, and competition.

SOURCE: EuroSoft Corporation

More Quotes and News: Eurosoft Corp (NASD: ERST - news)